Page 7 - Tesla

Elon Musk once again richer than Mark Zuckerberg as fortunes reverse

The two billionaires switched ranks earlier this month, when Zuckerberg, 39, overtook Musk for the first time since 2020 following news that Tesla's vehicle deliveries fell in 3 months through March

Tesla CEO Elon Musk postpones India trip; to visit later this year

Elon Musk's trip to India has been postponed over reports claiming that he has a scheduled call with investors and analysts regarding Tesla's earnings on April 23

Tesla's shift on low-cost cars throws India investment plans into limbo

The world's top EV maker said it plans to raise production by 50% from 2023 to its current capacity of close to 3 mn vehicles before investing in new manufacturing lines

Tesla stock jumps as Musk's promise of 'affordable' cars eases growth fears

"We read 'more affordable' as potentially de-contented Model Y/Model 3 versions with improvements in software and AI/hardware capability, but at lower prices," Morgan Stanley analyst Adam Jonas said

Tesla to lay off nearly 2,700 employees in Texas factory, says report

The notice on Monday was issued under the WARN Act, a U.S. labor law that requires companies with 100 or more employees to notify 60 days ahead of planned closings or mass layoffs

Tesla shares rise 2.3% to $145 in early trading ahead of quarterly results

The stock was up 2.3% at $145.34 in volatile early trading ahead of the report, due after the closing bell

The localisation story of Elon Musk's Tesla: India versus China deal

The Tesla factory in China, on the other hand, sources 95% of its components locally after 5 years

Tesla cuts price of Full Self-Driving software by a third to $8,000

Earlier this month, Musk said Tesla will unveil its robotaxis on Aug. 8, after Reuters reported Tesla had scrapped its inexpensive, mass-market car in favour of robotaxis

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

Tesla to recall 3,878 Cybertrucks to fix faulty accelerator pedal

A trapped accelerator pedal could cause the vehicle to accelerate unintentionally, increasing the risk of a crash, the auto safety regulator said in a notice

Ramkrishna Forgings to supply powertrain components to US' largest EV maker

The company has not disclosed the name of the vehicle manufacturer in its announcement, but sources indicated that it could be Tesla

Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi

The Elon Musk-led company's shares fell 2.7% to $151.26 after the brokerage downgraded the stock to 'Hold' and cut its price target to $123 from $189

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 plant likely in India: A look at its gigafactories in other countries

Tesla has six Gigafactories in Fremont, California; Sparks, Nevada; Berlin, Germany; Shanghai, China; Austin, Texas; and Buffalo, New York

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

Tesla's $1 billion India connection that powers its auto ecosystem

Like several other big companies, Tesla too started to de-risk its supply chain after the pandemic shock and looked towards Indian component makers

Rajasthan enters fray to attract Tesla India plant ahead of Musk's visit

Preliminary talks on with automaker; proximity to NCR seen as an advantage

Tesla's market valuation declines below $500 billion as risks pile up

The stock tumbled about 4% to below $154 at one point on Tuesday in New York, bringing this year's drop to some 38%

Tesla layoffs: Global job cuts to impact leading markets US, China

Tesla faces increasing competition in China in a fierce price war with rivals led by BYD, slowing sales in the United States, as well high investment costs in new models and artificial intelligence

Tesla plans to lay off more than 10% of its staff amid softening demand

The world's largest automaker by market value had 140,473 employees globally as of December 2023, its latest annual report shows