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 has earmarked $2 billion for its forthcoming endeavours in India and has been scouting various locations, including Gujarat and Maharashtra, as potential sites for the plant
"If you define AGI (artificial general intelligence) as smarter than the smartest human, I think it's probably next year, within two years," Musk said
The carmaker faces a tough year-ago comparison in the current period, Ben Kallo, who rates Tesla's stock the equivalent of a buy, said in a note published Tuesday
The rating agency also anticipated the automobile industry to contribute 4.5 to 5 per cent of China's nominal GDP by 2030, offsetting weaknesses in other sectors like real estate
Tesla has settled lawsuit brought by the family of a Silicon Valley engineer who died in a crash while relying on the company's semi-autonomous driving software. The size of the settlement was not disclosed in court documents filed Monday, just a day before the trial stemming from the 2018 crash on a San Francisco Bay Area highway was scheduled to begin. The family of Walter Huang filed a negligence and wrongful death lawsuit in 2019 seeking to hold Tesla and, by extension, its CEO Elon Musk liable for repeatedly exaggerating the capabilities of Tesla's self-driving car technology. They claimed the technology, dubbed Autopilot, was promoted in egregious ways that caused vehicle owners to believe they didn't have to remain vigilant while they were behind the wheel. Evidence indicated that Huang was playing a video game on his iPhone when he crashed into a concrete highway barrier on March 23, 2018. After dropping his son off at preschool, Huang activated the Autopilot feature on h
The growth issue around Tesla has become so sensitive, that a report on Friday saying the company was getting rid of its low-cost EV plans which were considered key to fixing its demand problem
The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said
Tesla is also facing claims that CEO Elon Musk violated workers' labor rights by suggesting in a 2018 tweet that employees would lose stock options if they unionized
The two sides are sparring over whether Tesla can call an Apple engineering manager as a witness for a two-month trial set to start next week in state court in San Jose
The Telangana government is holding discussions with Tesla by putting in all efforts to establish their plant in the state, Industries Minister D Sridhar Babu said on Thursday. In a message on X Sridhar Babu said since December 2023 the state government has been actively focusing on major investment opportunities by global giants, and as part of its focus, Tesla's planned investment initiatives in India are also being tracked. We have been studying and tracking Tesla's planned investment initiatives in India. We have been making all out efforts to bring Tesla to Telangana for some time... Our team is continuing the dialogue and discussions with Tesla by putting in all efforts for Tesla to establish their plant in Telangana, he said. Telangana with its Industry friendly policy, is working with a progressive and futuristic vision by creating a world class Infrastructure and hassle-free permissions system to enable best-in-class companies like Tesla to do business in Telangana, he ...
Even before the sales numbers were unveiled, traders were aggressively selling off Tesla stock. The sell-off was attributed by analysts to a cooling-off in the electric vehicle (EV) market
The US EV firm had demanded tariff cuts, concessions as a prerequisite for investment
Tesla's decline comes amid softer overall demand and a slowdown in the Chinese market where local rivals led by BYD upped the ante in a price war for buyers
Shares of Tesla fell 5.5% to $165.54 as of 9:33 a.m. in New York. The stock is down about 33% this year
Billionaire co-founder Lei Jun has called the challenge his final major endeavour, testing Xiaomi's ability to crack a crowded market for a second time with its technological capabilities
The US alleges Pflugbeil and another defendant started selling Tesla's proprietary battery production technology from their own startup in China
Domestic players such as Tata Motors and Mahindra & Mahindra opposed any move to reduce duties on fully-built cars