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
The move comes days after a Bloomberg investigation uncovered a series of incidents in which people were injured or died after being unable to open doors when the power is lost, particularly after crashes.
Tesla officially debuted in the Indian market on July 15 with the opening of its inaugural showroom in Mumbai.
Investor sentiment on the automaker has been dampened by faltering EV demand, as well as Musk's focus on politics
The increase lifted Larry Ellison's total fortune to $393 billion, ahead of Musk who sits at $385 billion
The jump in fortune is mainly attributable to Ellison’s 41 percent stake in software company Oracle.
The decline highlights the threat from automakers ramping up EV incentives at a difficult time for the industry
The plan, which runs for 10 years and must be approved by shareholders, provides for the granting of shares to Musk based on Tesla's market valuation.
The electric vehicle maker shipped 83,192 units from the plant last month, according to preliminary data
Tesla Delhi launch: Tesla will open its second India showroom in New Delhi's Aerocity, offering the Model Y in two variants, following its first outlet launch in Mumbai last month.
The lease deed showed that the space leased at Orchid Business Park will serve as Tesla’s electrical vehicle service centre, retail store and delivery centre.
Tata Power’s move can be an indicator of an overall decline in the pace of installation of public EV charging units in India. Last month, Karnataka government had to scrap its ambitious plan of to set up 2,500 EV charging stations across the state citing poor response from private companies.
Tesla has awarded Elon Musk $29 billion in shares as a “good faith” move amid legal battles and falling sales, aiming to retain him as CEO and keep him focused on the company’s future.
Tesla opened its maiden showroom in India in Mumbai on July 15.
Starting next year, Neue Klasse model production will initially run parallel to current cars. From the end of 2027, BMW’s flagship plant will be the first existing site in its global production network to exclusively manufacture all-electric vehicles.
The Tesla charging station launch follows the introduction of the Model Y in India on July 15.
ICICI Lombard CFO Balachandran told Moneycontrol growing those segments may not make financial sense, citing stagnant third-party premium rates over the past 4-5 years.
Shares fell nearly 5% after Musk responded on a quarterly results conference call to questions about new U.S. government policies under President Donald Trump
While Tesla is globally known for its real-time, telematics-powered insurance model, regulatory and data privacy constraints in India may force it to follow a more conservative model
A Miami courtroom is hearing emotional testimony in a rare federal case scrutinizing Tesla’s driver-assist tech and Elon Musk’s safety claims
In FY25, China accounted for 61.1 percent of the nearly 10,000 electric vehicles imported by India, up sharply from 22.8 percent the previous year. Imports from China have surged nearly 20-fold over the last four years—from just 332 vehicles—to dominate the Indian imported EV landscape.
A verdict against Tesla would be a blow at a time when the company is staking its future on self-driving and pushing to launch a long-promised robotaxi business
Transport Minister Pratap Sarnaik accompanied Shinde as a passenger as they arrived at the Maharashtra Assembly in the electric vehicle.
The experts believe that although the arrival of Tesla may not bring a big jump in EV volumes immediately, it will change people's perception about EVs.
Tesla's global electric car sales declined 13.5% y-o-y in the June quarter.
Planning to book the Tesla Model Y? Here is a step-by-step guide to ease the process for you.