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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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  • More than 12,000 Indian startup employees lost their jobs in 2022: Report Jul 04, 2022 07:04 PM IST

    More than 12,000 Indian startup employees lost their jobs in 2022: Report

    As startups in India keep sacking their employees to navigate through the "funding winter", the country is expected to witness more than 60,000 job losses in 2022 alone.

  • Tesla's deliveries fall, hurt by China's COVID shutdown Jul 04, 2022 06:51 AM IST

    Tesla's deliveries fall, hurt by China's COVID shutdown

    The world's biggest electric car maker said on Saturday that it delivered 254,695 vehicles in the April to June period, compared with 310,048 vehicles in the preceding quarter, ending a nearly two-year-long run of record quarterly deliveries.

  • Tesla employee says sacked from dream job after just 2 months: ‘Sat in shock, cried’ Jul 03, 2022 10:13 AM IST

    Tesla employee says sacked from dream job after just 2 months: ‘Sat in shock, cried’

    Many Tesla employees have shared their termination stories online, seeking to connect with potential employers.

  • Tesla reports decline in deliveries, hurt by China's Covid shutdown Jul 03, 2022 06:51 AM IST

    Tesla reports decline in deliveries, hurt by China's Covid shutdown

    The world's biggest electric car maker said on Saturday that it delivered 254,695 vehicles in the April to June period, compared with 310,048 vehicles in the preceding quarter, ending a nearly two-year-long run of record quarterly deliveries

  • Elon Musk ends Twitter hiatus, shares pics with Pope and ex-wife Jul 02, 2022 06:23 PM IST

    Elon Musk ends Twitter hiatus, shares pics with Pope and ex-wife

    Elon Musk ended his 10-day Twitter hiatus – his longest break ever from the microblogging platform he hopes to buy – with two pictures from Italy

  • Tesla’s EV market share may plunge to 11% by 2025: BofA Jul 01, 2022 06:55 AM IST

    Tesla’s EV market share may plunge to 11% by 2025: BofA

    Elon Musk’s company will still be growing as EV sales continue to soar, but its share of the market will fall to about 11% in 2025 from over 70% today, Murphy wrote. Tesla has loyal fans, but the company won’t be able to keep up with the pace of new models coming from General Motors Co., Ford Motor Co. and several foreign automakers.

  • Tesla workers face shortage of desks, parking spots on returning to office: Report Jun 29, 2022 11:39 AM IST

    Tesla workers face shortage of desks, parking spots on returning to office: Report

    Tesla’s factory in Fremont, California is struggling to accommodate the influx of workers caused by the return to office mandate.

  • Tesla lays off about 200 autopilot workers, most of them hourly Jun 29, 2022 09:29 AM IST

    Tesla lays off about 200 autopilot workers, most of them hourly

    Surprisingly, the majority of those who were let go were hourly workers, said the people, who asked not to be identified discussing private information. As recently as last week, Chief Executive Officer Elon Musk had outlined plans to cut 10% of salaried staff but said he’d be increasing hourly jobs.

  • Elon Musk joins an elite club on 51st birthday. He just crossed this Twitter milestone Jun 28, 2022 11:54 AM IST

    Elon Musk joins an elite club on 51st birthday. He just crossed this Twitter milestone

    Before his 51st birthday today, Elon Musk became one of only six people in the world to cross more than a 100 million followers on Twitter.

  • Sony's next tech push is helping Honda take on Tesla Jun 28, 2022 06:54 AM IST

    Sony's next tech push is helping Honda take on Tesla

    As Yoshida wrapped up his 30-minute presentation, the lights on stage dimmed and a glowing grille emerged from the shadows. The CEO raised his hands as a sleek, Sony-branded car rolled onto the stage. Like mobile phones during the past decade, “the next megatrend will be mobility,” Sony’s chief declared.

  • Watch: Tesla buried in water-filled pit to extinguish fire Jun 27, 2022 09:16 AM IST

    Watch: Tesla buried in water-filled pit to extinguish fire

    A Tesla parked at a wrecking yard in Sacramento, California erupted in flames earlier this month.

  • SpaceX tells the world its boss Elon Musk can do no wrong Jun 26, 2022 05:00 PM IST

    SpaceX tells the world its boss Elon Musk can do no wrong

    When it comes to thin-skinned leaders, employees are better off playing cheerleaders. It is a lesson that employees in Indian companies have known all along.

  • Netflix, Amazon, Meta: How top companies are helping women in wake of Roe v Wade ruling Jun 25, 2022 02:46 PM IST

    Netflix, Amazon, Meta: How top companies are helping women in wake of Roe v Wade ruling

    Several major companies in the United States said they will cover travel costs for employees who needed to travel outside their home states for an abortion.

  • Paytm to allow ‘work from home’ for these roles. See CEO Vijay Sharma’s tweet Jun 24, 2022 02:33 PM IST

    Paytm to allow ‘work from home’ for these roles. See CEO Vijay Sharma’s tweet

    “We at Paytm allow you to work from home/anywhere for product, tech and business roles,” Vijay Shekhar Sharma wrote on Twitter.

  • Musk says Tesla's new car factories 'losing billions of dollars' Jun 23, 2022 07:46 PM IST

    Musk says Tesla's new car factories 'losing billions of dollars'

    Tesla Inc's new car factories in Texas and Berlin are "losing billions of dollars" as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday.

  • Elon Musk says Tesla's new car factories 'losing billions of dollars' Jun 23, 2022 08:47 AM IST

    Elon Musk says Tesla's new car factories 'losing billions of dollars'

    "Both Berlin and Austin factories are gigantic money furnaces right now. Okay? It's really like a giant roaring sound, which is the sound of money on fire," Musk said in an interview with Tesla Owners of Silicon Valley, an official Tesla-recognized club, in Austin, Texas, on May 31.

  • Tesla plans 2-week suspension for most Shanghai production for upgrade Jun 23, 2022 07:19 AM IST

    Tesla plans 2-week suspension for most Shanghai production for upgrade

    After the upgrade, the U.S. automaker aims to boost the plant's output to a new record high by the end of July to get closer to its goal of producing 22,000 cars per week in Shanghai, according to the memo.

  • Tesla worker rejects $15 million payout in race bias lawsuit Jun 22, 2022 06:52 AM IST

    Tesla worker rejects $15 million payout in race bias lawsuit

    Lawyers for Owen Diaz, who had sued Tesla in 2017, turned down the judge's award in a brief filing in federal court in San Francisco. They said in a statement that the award was unjust and would not deter future misconduct by Tesla.

  • Elon Musk talks about "unresolved matters" with Twitter at Qatar Economic Forum Jun 21, 2022 01:52 PM IST

    Elon Musk talks about "unresolved matters" with Twitter at Qatar Economic Forum

    The billionaire had put the $44 billion Twitter offer on "temporary hold" on May 13 until it could be determined whether fake users make up fewer than 5% of the platform's entire userbase.

  • As India puts off Elon Musk, Indonesia swoops in to grab Tesla manufacturing opportunity Jun 21, 2022 11:10 AM IST

    As India puts off Elon Musk, Indonesia swoops in to grab Tesla manufacturing opportunity

    Indonesian President Joko Widodo suggested Musk set up Tesla's entire supply chain in the country.

  • Tesla cars barred for 2 months in Beidaihe, site of China leadership meet Jun 21, 2022 09:47 AM IST

    Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

    The decision by the Beidaihe authorities comes just weeks after Tesla cars were also barred from driving on to some roads in the central city of Chengdu in early June, which coincided with a visit by Chinese President Xi Jinping to the city.

  • Elon Musk’s daughter files for name change: I ‘no longer wish to be related’ to him Jun 21, 2022 08:33 AM IST

    Elon Musk’s daughter files for name change: I ‘no longer wish to be related’ to him

    Elon Musk's trans daughter Xavier Alexander Musk, born male, has filed to change their name legally to reflect their new gender identity as a female.

  • Elon Musk hints there's 'more down the road’ for Dogecoin after Tesla, SpaceX merch Jun 19, 2022 04:17 PM IST

    Elon Musk hints there's 'more down the road’ for Dogecoin after Tesla, SpaceX merch

    When dogecoin’s co-creator Billy Markus said that he wants that people actually “use it for something... so it has a reason to exist,” Musk wrote: “Tesla and SpaceX merch, maybe more down the road.”

  • Elon Musk sued by Tesla shareholder for company's 'toxic workplace culture' Jun 19, 2022 12:18 PM IST

    Elon Musk sued by Tesla shareholder for company's 'toxic workplace culture'

    The shareholder accused Tesla's CEO Elon Musk and the company's board of directors of ignoring employees' complaints of racism and sexual harassment.

  • Tesla, Elon Musk welcome to India but only as per govt policies: Heavy industries minister Jun 18, 2022 06:40 PM IST

    Tesla, Elon Musk welcome to India but only as per govt policies: Heavy industries minister

    American electric carmaker Tesla, which has been seeking reduction in import duties to sell its vehicles in India, will not manufacture its products locally unless it is allowed to first sell and service its cars in the country, company founder and chief executive Elon Musk had said last month.

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