Tesla’s practice of selling its emission credits to the highest bidder has plumped gross margins by a quarterly average of 400 basis points since last September
Aaditya Thackeray further explained that the ruling government in the state is "firmly committed to policy building and changes for sustainable development."
In case you missed them, here are the biggest developments from the world of tech from the week ending October 10.
The potential Gigafactory will manufacture Tesla’s electric vehicles and batteries, but talks are preliminary and is likely to be “long drawn”
Tesla delivered 124,100 units of its new Model Y sport utility vehicle and Model 3 vehicles in the period as US production recovered after being suspended from the end of March to early May due to the COVID-19 lockdown.
The price for Model 3 vehicles with a longer range is now 309,900 yuan, down from 344,050 yuan.
This would be the most affordable Tesla electric vehicle that the company would have ever made.
Musk's warning comes ahead of a "battery day" later on Tuesday, when Tesla is expected to unveil steps to boost battery production.
Energy, in the form of electricity, is discharged from the battery cell when lithium ions flow from the negative electrode, or anode, to the positive electrode, or cathode. When the cell is charging, those ions flow in the opposite direction, from cathode to anode.
If the talks are successful, the facility in Bengaluru would be Tesla's second research centre outside the US.
Elon Musk's record shows he is more of a fast learner who forged alliances with firms that had technology Tesla lacked, hired some of their most talented people, and then powered through the boundaries that limited more risk-averse partners.
Tesla CEO Elon Musk in a recent earnings conference call had said that the real limitation to Tesla's growth is battery cell production at an affordable price.
The US automaker, which started delivering Model 3 electric sedans from its Shanghai factory in December, also plans from next year to sell China-made Model 3 vehicles to Japan and Hong Kong, one of the sources said.
In a surprise announcement, the S&P Dow Jones Indices decided to add online craft seller Etsy Inc, semiconductor equipment maker Teradyne Inc and pharmaceutical technology company Catalent Inc to the S&P 500 instead.
The sales agents include major banks such as Goldman Sachs & Co, Bank of America Securities Inc, Citigroup Global Markets Inc and Morgan Stanley & Co, the electric carmaker said in a filing.
A Russian man allegedly offered Tesla employee $1 million to install malware into Tesla’s internal network
Tesla founder-CEO Elon Musk, the world's fourth-richest person, does not take home a salary and his compensation mostly relies on stock options.
Researchers have said the energy density of Panasonic's "2170" batteries used in Tesla's Model 3 is around 260Wh/kg, meaning a 50 percent jump from the current energy density which is key to achieving a longer driving range.
Tesla has asked the Federal Communications Commission for approval to market a short-range interactive motion-sensing device that could help prevent children from being left behind in hot cars and boost theft-prevention systems.
Tesla Inc shares gained 11 percent on August 17, boosting Musk's net worth by $7.8 billion or Rs 57,727 crore in a day.
Chief Executive Masayoshi Son last week announced a new investment management subsidiary that would park excess cash from a massive asset sale programme in liquid stocks.
Panasonic introduced the "2170" lithium-ion cells, with the nickel-cobalt-aluminium (NCA) cathode chemistry, for Tesla's Model 3 in 2017. Researchers say it already has the highest energy density at above 700 watt-hour per litre.
“Elon Musk delivers results that many thought was impossible. They show that you can be profitable with electric cars."
“Elon’s positioning is to maintain a high level of outrageous comments.”
Tesla has previously supplied batteries to Mercedes and Toyota Motor under separate partnership deals. Battery manufacturing is an area that analysts and industry officials say the US electric car maker has a competitive edge compared with legacy automakers.