Tesla Model

Tesla plans six-seat Model Y, production slated for 2025 in China

The Model Y crossover is the best-selling car in China among all power types

Tesla recalls 1.68 mn EVs in China to repair faulty latches free-of-cost

Tesla's recall notice says that an unlocked trunk lid could open during driving, interfering with the driver's vision

Elon Musk may delay in Aug 8 robotaxi unveil event to make design change

Tesla CEO Elon Musk has appeared to confirm a report that the company's much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug 8 date. Musk didn't give a new date for the event, but in a posting on X on Monday, the social media site he owns, he wrote that he requested a design change to the front of the vehicle. "The extra time allows us to show off a few other things, he wrote. A message was left Monday seeking comment from Tesla. Bloomberg News reported on Thursday that the robotaxi event would be delayed until October due to changes sought by Musk. That sent Tesla shares down 8% for the day. But they have since rallied and were up nearly 3% in Monday afternoon trading. Tesla shares had been down more than 40% earlier in the year, but are up more than 80% since hitting a 52-week low in April. For many years Musk has said Tesla's Full Self Driving system will allow a fleet of robotaxis to generate income for the company and Tesla owners, making use o

Elon Musk beats $500 million severance suit over mass Twitter layoff

Several similar cases filed by former Twitter employees and executives are moving through the courts

SpaceX sued by eight engineers fired after accusing Elon Musk of sexism

The engineers - four women and four men - claim Musk ordered their firing in 2022 after they circulated a letter calling the billionaire a 'distraction and embarrassment'

Proxy adviser urges Tesla shareholders to reject Elon Musk's pay package

The opposition comes days after another prominent proxy adviser, Glass Lewis & Co., recommended investors vote down the Musk remuneration plan

Tesla sends top executive Tom Zhu back to China as sales slump worsens

After surging 15 per cent following Musk's Beijing visit, the stock has retraced more than half those gains, as the company deals with a myriad of issues

Tesla cuts prices for 3 of its EV models in US following a difficult week

Tesla knocked USD 2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model and the top-selling electric vehicle in the US, and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same. The cuts reduced the starting price for a Model Y to USD 42,990 and to USD 72,990 for a Model S and USD 77,990 for a Model X. The move came the day after Tesla's stock tumbled below USD 150 per share, eliminating all gains made over the past year. The Austin, Texas, company's stock price has dropped about 40 per cent so far this year amid falling sales and increased competition. Discounted sticker prices are a way to try to entice more car buyers. Musk posted early Saturday on X, the social media platform known as Twitte

Highlights of the day: Delhi records maximum temperature of 37.2 degrees Celsius

From the events of the ongoing general elections to EV-maker Tesla's dwindling market-cap, catch all the latest news from around the world here. Stay tuned

Musk vs the rest: Who will be Tesla's biggest competitors in India?

Elon Musk is set to visit India and meet PM Modi. With the likelihood of a Tesla plant coming up in India, which are the EV makers they will compete with? Here is a list

Tesla asks investors to approve Musk's $56 bn compensation package again

In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company's state of incorporation to Texas from Delaware. The carmaker will convene its annual meeting on June 13

Tamil Nadu to pitch itself aggressively as manufacturing site for Tesla

Tesla's Chief Executive Officer is set to visit India and meet with PM Modi, who's seeking a third term in office in federal elections starting later this month

Tesla also losing market share in China as it disappoints globally

Tesla's sales and production are consistently backloaded in China, with the third month of each quarter the strongest for local shipments

India opens doors for global EV makers; scheme to help USA's Tesla

Scheme allows EV imports by manufacturers who commit to invest Rs 4,500 cr at 15% custom duty for 3 years

Tesla CEO Musk meets with Trump as former president seeks 2024 donors

Musk is the world's third richest man but has not been a major political donor, especially considering the size of his fortune, estimated at $192 billion

Tesla ordered to pay $1.5 mn over alleged hazardous waste violations

A California judge on Friday ordered Tesla Inc. to pay USD 1.5 million as part of a settlement of a civil case alleging the company mishandled hazardous waste at its car service centers, energy centers and a factory, multiple county district attorneys announced. The complaint filed in San Joaquin County alleged illegal disposal of hazardous waste and violation of laws involving storage and management of the waste, according to statements from several of 25 district attorneys offices in California involved in the case. Tesla did not immediately respond to an Associated Press email seeking comment. The district attorneys' statements said Tesla cooperated with the investigation and acted to improve compliance with laws that were brought to its attention by the prosecutors. Electric vehicles play a role in environmental betterment, yet it's imperative to recognize that their production and maintenance yield detrimental waste," said San Joaquin County District Attorney Ron Freitas. Tesl

M&M calls for level playing field for EVs amid Tesla's India entry plans

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 buys land for Shanghai battery factory, to make 10K units anually

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

Tesla plans to build $26,838 car at its factory in Germany: Report

Musk had long planned to make a more affordable electric car, but said in 2022 he had not yet mastered the technology and shelved the plan

Tesla didn't fix autopilot after fatal 2016 Florida crash, engineers say

Tesla also is in the cross-hairs of multiple investigations by the National Highway Traffic Safety Administration over possible defects in Autopilot linked to at least 17 deaths since June 2021