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
Jul 04, 2022 07:04 PM ISTAs 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.
Jul 04, 2022 06:51 AM IST 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.
Jul 03, 2022 10:13 AM IST Many Tesla employees have shared their termination stories online, seeking to connect with potential employers.
Jul 03, 2022 06:51 AM IST 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
Jul 02, 2022 06:23 PM IST 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
Jul 01, 2022 06:55 AM IST 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.
Jun 29, 2022 11:39 AM IST Tesla’s factory in Fremont, California is struggling to accommodate the influx of workers caused by the return to office mandate.
Jun 29, 2022 09:29 AM IST 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.
Jun 28, 2022 11:54 AM IST 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.
Jun 28, 2022 06:54 AM IST 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.
Jun 27, 2022 09:16 AM IST A Tesla parked at a wrecking yard in Sacramento, California erupted in flames earlier this month.
Jun 26, 2022 05:00 PM IST 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.
Jun 25, 2022 02:46 PM IST 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.
Jun 24, 2022 02:33 PM IST “We at Paytm allow you to work from home/anywhere for product, tech and business roles,” Vijay Shekhar Sharma wrote on Twitter.
Jun 23, 2022 07:46 PM IST 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.
Jun 23, 2022 08:47 AM IST "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.
Jun 23, 2022 07:19 AM IST 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.
Jun 22, 2022 06:52 AM IST 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.
Jun 21, 2022 01:52 PM IST 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.
Jun 21, 2022 11:10 AM IST Indonesian President Joko Widodo suggested Musk set up Tesla's entire supply chain in the country.
Jun 21, 2022 09:47 AM IST 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.
Jun 21, 2022 08:33 AM IST 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.
Jun 19, 2022 04:17 PM IST 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.”
Jun 19, 2022 12:18 PM IST The shareholder accused Tesla's CEO Elon Musk and the company's board of directors of ignoring employees' complaints of racism and sexual harassment.
Jun 18, 2022 06:40 PM IST 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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