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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

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  • Ford, Tesla shares jump over 7% on Superchargers deal May 27, 2023 04:35 PM IST

    Ford, Tesla shares jump over 7% on Superchargers deal

    Ford shares were up 7.6% at $12.25 in afternoon trade, while Tesla shares rose 7.5% to $197.95.

  • Ford strikes deal with Tesla to gain access to rival charging stations starting 2024 May 26, 2023 06:57 AM IST

    Ford strikes deal with Tesla to gain access to rival charging stations starting 2024

    The tie-up between the rivals makes Ford the first major automaker to embrace Tesla's proprietary charging standard, giving the automaker access to the biggest network of high-speed Superchargers in the United States.

  • Elon Musk wants to build a digital town square. But his debut for DeSantis had a tech failure May 25, 2023 02:44 PM IST

    Elon Musk wants to build a digital town square. But his debut for DeSantis had a tech failure

    The billionaire Twitter owner said the problems were due to “straining” servers because so many people were trying to listen to the audio-only event. But even at their highest, the number of listeners listed topped out at around 420,000, far from the millions of viewers that televised presidential announcements attract.

  • Tesla to pick location for new factory this year, Elon Musk says May 24, 2023 10:47 AM IST

    Tesla to pick location for new factory this year, Elon Musk says

    Tesla is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview last week.

  • Tesla offers China-made electric vehicles for sale in Canada May 23, 2023 12:10 PM IST

    Tesla offers China-made electric vehicles for sale in Canada

    Tesla's website showed both rear-wheel drive Model Y vehicles and the long-range, all-wheel drive version of the Model 3 available for immediate delivery in British Columbia, with codes showing they were manufactured at Tesla's Gigafactory Shanghai.

  • Tesla 'seriously looking' at India as production and innovation base, says Minister Rajeev Chandrasekhar May 20, 2023 08:17 PM IST

    Tesla 'seriously looking' at India as production and innovation base, says Minister Rajeev Chandrasekhar

    Asked by Reuters whether the talks with Tesla included more than just making vehicles, Rajeev Chandrasekhar said "you don't talk about cars alone" when such discussions take place.

  • Moneycontrol Selects: Top stories this evening May 19, 2023 07:44 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the big stories to help you stay at the top of your game.

  • Tesla held talks with India on auto incentives, battery making: Report May 19, 2023 03:25 PM IST

    Tesla held talks with India on auto incentives, battery making: Report

    The recent discussions represent a shift in stance for Tesla.

  • Tesla eyeing India for a new gigafactory? | Tesla’s global expansion plans May 18, 2023 09:12 PM IST

    Tesla eyeing India for a new gigafactory? | Tesla’s global expansion plans

    A top-level team from electric vehicle major Tesla is in India at a time when the carmaker is considering ways to diversify beyond China. According to reports, while this meeting is focused on discussing the local sourcing of EV components to expand Tesla’s supply chain, it may also lead to Tesla's potential entry into India for the domestic production of its vehicles. From China to Germany, Tesla has set up massive production units called gigafactories in these countries. How did the carmaker expand into THESE countries - and what’s stopping them from entering India right now? Watch to find out.

  • Indian-origin doctor purposely drove family off cliff in Tesla, 'he’s depressed', says wife May 18, 2023 11:25 AM IST

    Indian-origin doctor purposely drove family off cliff in Tesla, 'he’s depressed', says wife

    An Indian-American family in California survived plunging off a 250-foot cliff in their Tesla in January. Radiologist Dharmesh Patel was arrested on attempted murder and child abuse charges.

  • Tesla team meets PMO, MoRTH officials, show serious interest in India as EV market: Sources May 19, 2023 03:09 PM IST

    Tesla team meets PMO, MoRTH officials, show serious interest in India as EV market: Sources

    Tesla, which so far has a manufacturing presence in the US, China, and Germany, is considering to set up an additional manufacturing plant, with India being looked into as one of the possible locations, the sources told CNBC TV-18.

  • MC Exclusive: India waiting to see what Tesla offers; value additions vital for sops: Govt official May 17, 2023 05:05 PM IST

    MC Exclusive: India waiting to see what Tesla offers; value additions vital for sops: Govt official

    This visit could mark a turning point in the relationship between India and Tesla, as the EV maker is yet to establish a notable presence in the country.

  • Elon Musk says Tesla not immune to tough economy that he foresees May 17, 2023 11:00 AM IST

    Elon Musk says Tesla not immune to tough economy that he foresees

    At the company's annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO of Tesla, touched upon two new mass-market models it is developing, and reaffirmed that deliveries of its long-delayed Cybertruck pickup would start this year.

  • News Updates Today: Adish Aggarwala elected president of Supreme Court Bar Association May 17, 2023 10:51 PM IST

    News Updates Today: Adish Aggarwala elected president of Supreme Court Bar Association

    News Updates Today: Senior Advocate Adish Aggarwala was on Wednesday elected the new president of the Supreme Court Bar Association (SCBA). Aggarwala defeated his nearest rival Senior Counsel Dushyant Dave. Aggarwala secured 668 votes as against Dave's 477.

  • Tesla lawyers want court to reconsider Elon Musk tweet deemed 'threat' amid labor dispute May 17, 2023 06:25 AM IST

    Tesla lawyers want court to reconsider Elon Musk tweet deemed 'threat' amid labor dispute

    Three judges on the 5th U.S. Circuit Court of Appeals in New Orleans, in a March ruling, upheld a National Labor Relations Board order that the tweet be deleted. The panel also upheld an order that a fired Tesla employee be rehired with back pay.

  • Elon Musk reverses course and says Tesla will advertise its cars May 17, 2023 06:15 AM IST

    Elon Musk reverses course and says Tesla will advertise its cars

    Elon Musk said it was "ironic" that as CEO of Tesla, he now owns Twitter. The social media platform is highly dependent on ads and will soon be led by advertising veteran Linda Yaccarino, who he hired last week.

  • Ahead of Tesla team's India visit, a look at EV maker's manufacturing presence worldwide May 17, 2023 07:32 AM IST

    Ahead of Tesla team's India visit, a look at EV maker's manufacturing presence worldwide

    The visit holds potential to create a thaw between Tesla and the Indian government, as Elon Musk had earlier criticised New Delhi over its EV policy and the "high taxes" imposed on the import of vehicles.

  • ‘Reminds me of Magneto’: Elon Musk slams George Soros after he dumps full Tesla stake May 16, 2023 06:16 PM IST

    ‘Reminds me of Magneto’: Elon Musk slams George Soros after he dumps full Tesla stake

    George Soros' family office, The Soros Fund Management, initially purchased 42,000 shares of Elon Musk's Tesla in 2022 and later increased their holdings to 132,000 shares.

  • Tesla succession planning, demand in focus ahead of shareholder meeting May 16, 2023 05:35 PM IST

    Tesla succession planning, demand in focus ahead of shareholder meeting

    Musk said the move would allow him to devote more time to the electric carmaker, but his commitments to other ventures such as a new AI startup remain a worry.

  • Tesla executives to meet govt officials today, tomorrow on firming up supply chain May 17, 2023 08:14 AM IST

    Tesla executives to meet govt officials today, tomorrow on firming up supply chain

    The discussions are expected to happen on Wednesday and Thursday, and will revolve around the possibility of local sourcing of components for Tesla's car models, as the company looks beyond China.

  • Tesla applies to expand Shanghai plant, add pouch battery cell output May 16, 2023 02:05 PM IST

    Tesla applies to expand Shanghai plant, add pouch battery cell output

    An undated public notice said the potential expansion would give the Shanghai Gigafactory the capacity to produce 1.75 million powertrain units annually, up from 1.25 million currently.

  • 'I will vet all new hires': Elon Musk tells Tesla staff May 16, 2023 01:09 PM IST

    'I will vet all new hires': Elon Musk tells Tesla staff

    According to the email, Musk told executives to send him a list of hiring requests on a weekly basis, while also cautioning them to "think carefully" before submitting such requests.

  • Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules May 15, 2023 09:16 PM IST

    Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules

    The summary order by the 2nd U.S. Circuit Court of Appeals in Manhattan was released just days after a three-judge panel heard lawyers' arguments in the case.

  • Samsung and Tesla execs meet to discuss cooperation in high-tech May 15, 2023 11:29 AM IST

    Samsung and Tesla execs meet to discuss cooperation in high-tech

    The two companies are currently seeking ways to cooperate in the development of IT-related technologies, such as semiconductors for autonomous vehicles, Samsung added.

  • China says Tesla to fix software for 1.1 million cars on braking issue May 16, 2023 09:29 AM IST

    China says Tesla to fix software for 1.1 million cars on braking issue

    The action is described as a product recall under Chinese regulations, the regulator said, but it was not immediately clear if drivers might need, or would be eligible, to return vehicles to Tesla for refunds.