Tesla

Nvidia CEO Jensen Huang sees $76 bn wealth surge, trails Musk, Zuckerberg

Nvidia CEO Jensen Huang gained $76 bn in 2024, driven by Nvidia's AI dominance. With a $115 bn net worth, he ranks third in wealth growth, trailing Musk and Zuckerberg

Musk's Tesla restarts search for showroom space in New Delhi with DLF

It was not immediately clear whether Tesla will consider importing cars at the tax rate of as high as 100 per cent or if it will make investment commitments under India's new policy

Xiaomi shows off YU7 SUV for summer in big EV expansion, to take on Tesla

An SUV would mark a big expansion of Xiaomi's $10 billion EV endeavor, spearheaded personally by Lei

US judge who rejected Musk's $56 bn pay deal faces social media backlash

McCormick, the Delaware Chancery Court's chief judge, is an old hand at dealing with Musk-related backlash. In January she got an earful from critics, both in online posts and letters to her chambers

A US judge just blocked Elon Musk's $56 bn pay deal: Here's what happened

A massive $56 billion pay package of Elon Musk was blocked by a Delaware judge, sparking a fierce legal showdown as Tesla vows to fight back in court

JPMorgan agrees to drop lawsuit against Tesla over stock warrants

The move to drop the lawsuit was announced in a one-page court filing by both companies in a Manhattan court

No discussion yet on investments by Tesla, Starlink in India, says Goyal

Commerce and Industry Minister Piyush Goyal on Thursday said that no discussion has taken place with regard to investments by American tech billionaire Elon Musk-owned Tesla and Starlink. Goyal, who was addressing a press conference here in the Capital, stated that as both issues were handled by different ministries, he had no personal knowledge of what was happening. "We haven't had any discussions to the best of my knowledge...," the minister said while responding to a query regarding any update on possible investment by Tesla and Starlink. Goyal further said, "...but both these subjects are handled in different ministries. The Heavy Industries Ministry looks after automobiles and Starlink will be handled by the Space Department. So, I don't have personal knowledge of what is happening ..." Earlier in April, Musk had pulled out from a much-hyped planned visit to India, including a meeting with Prime Minister Narendra Modi, at the last moment citing "very heavy Tesla obligations".

Jeff Bezos hits back at Musk in sniping over Tesla, SpaceX holdings

It's the latest tit-for-tat between the world's two richest individuals, whose businesses compete in the commercial space industry

'Jeff Bezos advised selling Tesla stocks thinking Trump would lose': Musk

Donald Trump is set to assume office on January 20 and has been naming his picks for key administrative roles. The list also features Musk, who will co-lead DOGE to make the US govt more 'efficient'

Elon Musk, Vivek Ramaswamy to lead Dept of Government Efficiency: Trump

US President-elect Donald Trump on Tuesday announced that Tesla owner Elon Musk and Indian American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency or DOGE. "I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (DOGE)," Trump announced. Ramaswamy is the first Indian American to have been tapped by Trump into his administration beginning January 20 next year. "Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies -- essential to the 'Save America' Movement," he said. "This will send shockwaves through the system, and anyone involved in government waste, which is a lot of people!" stated Musk, as per the statement issued by Trump. The US President-elect said this will become, potentially, "The ...

Musk's Starlink has to comply with all rules for licence in India: Scindia

Elon Musk-owned Starlink will have to comply with all norms to get licence for services in India, Union telecom minister Jyotiraditya Scindia said on Tuesday. The minister said the satellite internet services provider is in process of completing all the requirements and they will get licence once they complete the process. "They (Starlink) have to comply with all rules to get the licence. You have to look at it from security perspective as well. They are in process of doing it. Once all requirements are met they will get the licence," Scindia told reporters. He was replying to a question on status of licence for Starlink. At present, the government has issued licence to Bharti Group-backed OneWeb and Jio-SES joint venture, Jio Satellite Communications.

China's BYD closing in on Ford deliveries after besting Tesla on revenue

The extraordinary sales volumes being pumped out by China's best-selling car brand means BYD has a shot at beating Ford

Elon Musk moves all X lawsuits to 'conservative' Texas court; here's why

This shift is seen by experts as a strategic move, known as "forum shopping", aimed at securing more favourable outcomes in a court district aligned with conservative viewpoints

How Donald Trump's win could boost Musk's & Bezos' India ambitions

Donald Trump's return to the White House may bring potential advantages for Elon Musk and Jeff Bezos, as his policies favouring US companies could create a conducive environment for them

Musk's backing of Trump in Prez poll likely to enrich his companies

Musk contributed at least $119 million to a pro-Trump spending group, federal records show, and tirelessly touted the former president at the critical late stage of his campaign

Elon Musk's wealth soars $34 bn as Tesla shares post biggest decadal gain

Elon Musk, 53, has also been in the spotlight for his increasingly vocal - and costly - support of Republican candidate Donald Trump

Tesla shares surge on strong earnings, 30% growth forecast in 2025

Third-quarter results were buoyed by Tesla turning a corner with the Cybertruck, which generated profit for the first time

Tesla stock jumps 12% as Musk reassures investors of strong EV growth plan

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and aprominent Tesla investor, said robotaxis and AI were not the fundamental businesses he wanted Musk to focus on

Tesla projects 20-30% sales growth, shares surge 12% in after hours

"No EV company is even profitable," Musk told analysts on a conference call on Wednesday. "And to the best of my knowledge, there was no EV division of any company, of any existing auto company

Tesla is EV company again, back to car biz after failed robotaxi event

Tesla beat the consensus earnings estimate for the first time in five quarters, albeit an estimate that has roughly halved over the past year