The Palo Alto-based electric carmaker was founded in 2003 by Elon Musk. Last year marked a watershed moment for Tesla when its market-capitalisation went up to $600 million dollars. As per Reuters, this made the EV maker more valuable than the five largest carmakers in the world combined. Most recently Tesla surpassed $1 trillion in market value on October 25 after landing its biggest-ever order from rental car company Hertz. The cheapest Model 3 sedan starts at about $44,000, making the Hertz order worth about $4.4 billion, if the entire order were for its mass-market sedan. Tesla accounts for about 2.5% of the S More
The carmaker’s Chinese operations are significant, with its Shanghai factory not only its largest production hub but also serving as a primary export center for markets in Asia and Europe.
Shares of the chipmaker fell 2.6% on Tuesday following a report suggesting that Alphabet Inc.’s AI processors are gaining ground.
Tesla entered India in July and priced its Model Y about 70% higher than the cost of the car in the United States due to high taxes.
The lawsuit comes weeks after one was filed against Tesla in Wisconsin over a Model S crash that killed five occupants who allegedly became trapped in a fast-moving inferno when the doors wouldn’t open
India became the 50th global market for Tesla when it launched two variants of the Model Y starting at Rs 59.89 lakh
Moments after the vote at Tesla’s annual meeting in Austin, Texas, Elon Musk appeared on stage to roaring cheers and began dancing alongside Optimus, the company’s humanoid robot.
His ownership would increase from about 13% to 25%, adding more than 423 million shares to his holdings over the next 10 years.
Tesla Chair Robin Denholm has appeared on CNBC and other broadcasts in recent weeks to sell the plan in a sign of the board's continued enthusiastic backing for Musk, despite criticism that the billionaire's embrace of far-right political figures has weighed on sales
Current and former employees describe the training process as physically intense and mentally draining. Tasks range from running and dancing to wiping surfaces or mimicking golf swings — all repeated until the robot’s AI recognises the movements as human-like.
The electric-car maker has hired Sharad Agarwal, who previously led Lamborghini India, to head local operations
CEO Animesh Das said the company plans to significantly scale up this share in the coming quarters, although refraining from providing any specific guidance
Musk emphasized, as he has in the past, that sufficient voting control matters more to him than monetary compensation from Tesla.
The Elon Musk-led automaker said it identified the problem during an internal review earlier this month after photometric tests confirmed the excessive brightness.
As each car combines performance, status, and personal meaning, Rohit Sharma's collection is genuinely unique.
CEO Elon Musk has touted the car as a way to tap a wider swath of buyers, saying last year that a price below $30,000, after incentives, was the key
BYD managed to outsell Tesla on a quarterly basis even despite registering its first total sales decline in 18 months in September
The move comes days after a Bloomberg investigation uncovered a series of incidents in which people were injured or died after being unable to open doors when the power is lost, particularly after crashes.
Tesla officially debuted in the Indian market on July 15 with the opening of its inaugural showroom in Mumbai.
Investor sentiment on the automaker has been dampened by faltering EV demand, as well as Musk's focus on politics
The increase lifted Larry Ellison's total fortune to $393 billion, ahead of Musk who sits at $385 billion
The jump in fortune is mainly attributable to Ellison’s 41 percent stake in software company Oracle.
The decline highlights the threat from automakers ramping up EV incentives at a difficult time for the industry
The plan, which runs for 10 years and must be approved by shareholders, provides for the granting of shares to Musk based on Tesla's market valuation.
The electric vehicle maker shipped 83,192 units from the plant last month, according to preliminary data
Tesla Delhi launch: Tesla will open its second India showroom in New Delhi's Aerocity, offering the Model Y in two variants, following its first outlet launch in Mumbai last month.