At 11th rank globally, Mukesh Ambani, chairman and managing director, Reliance Industries, continued to be the richest Indian on the list
Tesla started slashing the prices of its cars in late 2022, igniting a price war that singed US rivals including Ford, who have all slowed EV production
Tesla (brand value down 12 per cent to $58.3 billion) has dropped out of the top 10, falling to 18th place in the ranking
DAVOS, Switzerland, Jan 16 (Reuters) - Indian automaker Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla.
Tesla says it's temporarily halting most production at its German factory because of attacks in the Red Sea, a vital global shipping corridor. The electric vehicle maker said in a statement Thursday night that its factory near Berlin, which makes Model Y vehicles and batteries, will pause from Jan. 29 to Feb. 11. It's a fresh sign of how the hostilities in the Mideast are disrupting global manufacturing supply chains, with shipping companies reporting that they're being forced to reroute vessels carrying goods and components on the longer route around the southern tip of Africa. Analysts say the detour adds 10 days or more to the journey. The armed conflicts in the Red Sea and the associated shifts in transport routes between Europe and Asia via the Cape of Good Hope are also affecting production in Grnheide," Tesla said. The significantly longer transport times create a gap in the supply chains. The U.S. led airstrikes on Thursday against Yemen's Houthi rebels in response to their
Factory workers at Tesla have been told to expect pay raises this year, a move that comes as the United Auto Workers union tries to organize the electric vehicle maker's U.S. plants. The UAW said Thursday that Tesla workers have told the union about company statements on the raises, which did not give details about the size of the increases. After winning strong contracts with Detroit's three automakers last year, the union has embarked on an effort to organize all nonunion auto plants in the U.S., including Tesla's assembly and battery factories in Texas, California and Nevada. The Tesla raises come after nearly all companies with nonunion auto plants announced worker pay increases shortly after the UAW contracts were ratified. The UAW said its organizing drive will target more than a dozen U.S. plants run by Toyota, Honda, Hyundai, Nissan, Subaru, Mazda, Volkswagen, Mercedes, BMW and Volvo. Tesla also is on the list, along with EV startups Rivian and Lucid. UAW President Shawn F
Musk has used LSD, cocaine, ecstasy and psychedelic mushrooms, often at private parties, the Journal said, citing unnamed witnesses and others with knowledge of the matter
The company is able to offer a wide range of affordable EVs at low prices, maximizing sales (if not revenue) while expanding its footprint in new markets
After a $12 billion selloff during November, BYD is as cheap as it has been going back to the start of 2010, despite 31 out of 32 analysts putting a Buy rating on the stock
Earlier this year, Tesla revamped its six-year-old Model 3 sedan with a sleeker look and longer range to attract customers
The Elon Musk-led automaker has released an over-the-air (OTA) software update to address the issue, the National Highway Traffic Safety Administration (NHTSA) said
The stainless-steel clad truck is all angles, in part because a traditional press can't bend the steel into curves
The Shanghai location is Tesla's second dedicated Megapack factory, following the Lathrop plant in California. Its EV facility in Nevada can also make the Megapack
An increased threat of losses for Tesla in Autopilot litigation could embolden others to challenge the technology in court and force the company to pay compensatory damages
As India tries to boost domestic manufacturing and EV adoption, Tesla is proposing to set up an Indian factory, but is demanding lower import taxes for electric cars
Last month, on the same earnings call where Musk referred to Tesla digging its own grave, he warned that the Cybertruck "has a lot of bells and whistles"
Musk has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025
In September, Goyal had said the company is looking to source components worth $1.9 billion from India this calendar year, compared to $1 billion in 2022
Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024. "Visited @Tesla's state of the art manufacturing facility at Fremont, California. Extremely delighted to see talented Indian engineers and finance professionals working at Senior positions and contributing to Tesla's remarkable journey to transform mobility. "Also proud to see the growing importance of auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its components imports from India. Missed Mr @ElonMusk's magnetic presence and I wish him a speedy recovery," Goyal said on
Opening up the EV segment could speed up the adoption of cleaner transport in a country that currently has the world's most toxic air