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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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  • Tesla plans to ramp up Model Y production from Giga Texas in 2023 Dec 01, 2022 06:27 AM IST

    Tesla plans to ramp up Model Y production from Giga Texas in 2023

    The electric-vehicle manufacturer is currently preparing to roll out 75,000 Model Y vehicles from Gigafactory Texas in the first quarter of 2023, according to the report.

  • Elon Musk criticises Apple's App Store fee policy but is it warranted? Nov 29, 2022 06:06 PM IST

    Elon Musk criticises Apple's App Store fee policy but is it warranted?

    Apple takes a 30 percent cut from all the paid app revenues and in-app purchases of apps downloaded from the App Store.

  • Elon Musk: Apple threatened to yank Twitter from App Store Nov 29, 2022 06:47 AM IST

    Elon Musk: Apple threatened to yank Twitter from App Store

    The action, unconfirmed by Apple, would not be unusual as the company has routinely enforced its rules and previously removed apps such as Gab and Parler

  • Elon Musk sleeps with guns next to his bed? Photo raises questions Nov 28, 2022 04:59 PM IST

    Elon Musk sleeps with guns next to his bed? Photo raises questions

    The presence of two revolvers right next to Elon Musk's bed became a point of conversation for his followers.

  • Stephen King calls Elon Musk 'a visionary but a terrible fit for Twitter'. 'Chief Twit' responds Nov 28, 2022 01:17 PM IST

    Stephen King calls Elon Musk 'a visionary but a terrible fit for Twitter'. 'Chief Twit' responds

    Stephen King's criticism did not go unnoticed by Elon Musk who responded with a short message...

  • Charlie Munger's 'brutal honesty' made him one of Nithin Kamath's favourites Nov 24, 2022 12:48 PM IST

    Charlie Munger's 'brutal honesty' made him one of Nithin Kamath's favourites

    Staying true to being "brutally honest", legendary investor Charlie Munger had recently called Tesla's achievements in the automotive industry a "minor miracle" and stated that digital cryptocurrency was "a very, very bad thing".

  • Tesla safety at centre of South Korean trial over fiery, fatal crash Nov 21, 2022 06:18 AM IST

    Tesla safety at centre of South Korean trial over fiery, fatal crash

    Prosecutors have charged the driver with involuntary manslaughter. He blames Tesla.

  • Tesla recalls 321,000 U.S. vehicles over rear light issue Nov 19, 2022 07:13 PM IST

    Tesla recalls 321,000 U.S. vehicles over rear light issue

    The Texas-based electric vehicle manufacturer said the recall covers some 2023 Model 3 and 2020-2023 Model Y vehicles

  • Elon Musk's 5 productivity rules: 'Get rid of frequent meetings' and 5 other points Nov 18, 2022 01:20 PM IST

    Elon Musk's 5 productivity rules: 'Get rid of frequent meetings' and 5 other points

    Elon Musk had earlier cracked the whip on Twitter employees with hundreds quitting after he took over the micro-blogging site. Recently, he shared a list of productivity hacks with the staff.

  • Video of Tesla car crash in China goes viral. Company warns against rumours Nov 17, 2022 08:51 PM IST

    Video of Tesla car crash in China goes viral. Company warns against rumours

    According to data released by the US government, Of the 18 fatal crashes reported since July 2021 that had to do with driver assistance systems, nearly all involved Tesla vehicles.

  • This house comes with a free Tesla, is on sale for... Nov 17, 2022 02:55 PM IST

    This house comes with a free Tesla, is on sale for...

    A property owner gets creative amid market slump.

  • ‘Will continue to run Twitter till…’: Elon Musk on finding a new leader Nov 17, 2022 10:56 AM IST

    ‘Will continue to run Twitter till…’: Elon Musk on finding a new leader

    Twitter's new boss Elon Musk says he intends to reduce his time at the social network over time.

  • Elon Musk says he made some Tesla decisions without board nod, defends $56 billion pay Nov 17, 2022 06:26 AM IST

    Elon Musk says he made some Tesla decisions without board nod, defends $56 billion pay

    Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to prove that Musk used his dominance over Tesla's board to obtain an outsized compensation package that did not require him to work at the electric car maker full-time.

  • Musk testifies in lawsuit over Tesla compensation package Nov 16, 2022 10:16 PM IST

    Musk testifies in lawsuit over Tesla compensation package

    Musk denied that he dictated terms of the compensation package or attended any meetings at which the plan was discussed by the board, its compensation committee, or a working group that helped develop it.

  • Elon Musk says he was focused on reviving Tesla defending his $56 billion pay Nov 16, 2022 09:11 PM IST

    Elon Musk says he was focused on reviving Tesla defending his $56 billion pay

    Musk, known for his combative testimony, told the court in his opening remarks that he thought it was "extremely unlikely" that Tesla Inc would succeed in achieving his vision in 2016, requiring his full attention.

  • Amid Twitter turmoil, Elon Musk takes stand in $56 billion Tesla pay trial Nov 16, 2022 04:45 PM IST

    Amid Twitter turmoil, Elon Musk takes stand in $56 billion Tesla pay trial

    Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to prove that Musk used his dominance over the electric vehicle maker’s board to dictate terms of the package, which did not require him to work at Tesla full-time.

  • Charlie Munger calls Tesla a ‘minor miracle’. Elon Musk’s response Nov 16, 2022 04:18 PM IST

    Charlie Munger calls Tesla a ‘minor miracle’. Elon Musk’s response

    Elon Musk has done some good things that others couldn’t, Charlie Munger, an aide to veteran investor Warren Buffet, said in an interview with CNBC.

  • Musk's all-nighters at Twitter raise concern for Tesla investors Nov 16, 2022 06:52 AM IST

    Musk's all-nighters at Twitter raise concern for Tesla investors

    A self-described "nanomanager," Musk's penchant for working long hours in moments of crisis has been a well-known part of his brand. But the billionaire's deep dive into Twitter, after a protracted buyout that he tried to scrap, has some Tesla investors worried about his capacity to focus on his role as CEO of the world's most valuable carmaker

  • How Elon Musk scored a $55 billion pay package that’s now under fire Nov 15, 2022 07:34 AM IST

    How Elon Musk scored a $55 billion pay package that’s now under fire

    Taking the stand Monday as the first witness in a trial over the propriety of paying Musk some $55 billion, Ira Ehrenpreis said the Tesla board recognized in 2017 that the chief executive officer was a “serial entrepreneur” and wanted to make sure he didn’t leave the company to pursue other interests.

  • Elon Musk publicly punishes Twitter engineers who call him out online Nov 15, 2022 07:31 AM IST

    Elon Musk publicly punishes Twitter engineers who call him out online

    In one case, Musk announced the firing in a tweet. In another, the former employee said he was fired after he openly rebuked Musk.

  • Elon Musk says he’s working morning to night, seven days a week Nov 14, 2022 10:39 AM IST

    Elon Musk says he’s working morning to night, seven days a week

    The newly installed “Chief Twit” of Twitter Inc. beamed into the conference via video link. The comments come as Musk brings his unique brand of management to the social-media platform, firing close to 3,700 people just over a week ago.

  • Tesla mulls exporting China-made EVs to United States: Sources Nov 11, 2022 08:40 PM IST

    Tesla mulls exporting China-made EVs to United States: Sources

    Tesla's Shanghai Gigafactory has the capacity to produce 1.1 million electric vehicles per year after an upgrade earlier this year, making it Tesla's most productive manufacturing hub.

  • ‘Verified’ Tesla spoof account trolls Elon Musk’s EV maker, suspended Nov 11, 2022 04:04 PM IST

    ‘Verified’ Tesla spoof account trolls Elon Musk’s EV maker, suspended

    Parody accounts are now appearing on Twitter with blue check marks, thanks to Elon Musk's new pay-for-verification plan.

  • Tesla loses valuation race to Berkshire as growth stocks sputter Nov 09, 2022 07:46 AM IST

    Tesla loses valuation race to Berkshire as growth stocks sputter

    The Elon Musk-led electric-vehicle maker’s shares closed with a market valuation of $604 billion Tuesday, versus nearly $645 billion for Warren Buffett’s conglomerate, underscoring this year’s great economic upheaval as former high-flying technology stocks plunge anew while industrial companies outperform.

  • Elon Musk sells nearly $4 billion in Tesla stock: SEC filing Nov 09, 2022 07:41 AM IST

    Elon Musk sells nearly $4 billion in Tesla stock: SEC filing

    The US Securities and Exchange Commission documents show Musk, who financed much of his Twitter purchase with Tesla stock, sold 19.5 million shares worth some $3.95 billion.