Page 4 - Elon Musk Tesla Cars

Tesla scouts for 1st India showroom locations; plans to begin sales in 2024

It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each city, said one of the people familiar with the plans

Tesla to scout locations for $2-3 billion electric car plant in India

The US EV firm had demanded tariff cuts, concessions as a prerequisite for investment

Tesla also losing market share in China as it disappoints globally

Tesla's sales and production are consistently backloaded in China, with the third month of each quarter the strongest for local shipments

Potential Tesla buyers snub company as Musk's reputation dips: Survey

Market intelligence firm Caliber cited strong associations between Tesla's reputation and that of Musk for the scores

Lawyers who killed Elon Musk's $56 bn pay package seek Tesla stock

Austin-based Tesla, with a $645 billion valuation, is among the largest companies in the world by market cap

Tesla to recall over 2 mn vehicles in US due to warning font size issue

The recall includes nearly all of its models, including Model S, Model X, 2017-2023 Model 3, Model Y, and 2024 Cybertruck vehicles, NHTSA said

Tesla expects slowing of growth before new EV model launch in 2025: Musk

Tesla started slashing the prices of its cars in late 2022, igniting a price war that singed US rivals including Ford, who have all slowed EV production

Amid Red Sea attacks, Tesla puts German factory production on hold

Tesla says it's temporarily halting most production at its German factory because of attacks in the Red Sea, a vital global shipping corridor. The electric vehicle maker said in a statement Thursday night that its factory near Berlin, which makes Model Y vehicles and batteries, will pause from Jan. 29 to Feb. 11. It's a fresh sign of how the hostilities in the Mideast are disrupting global manufacturing supply chains, with shipping companies reporting that they're being forced to reroute vessels carrying goods and components on the longer route around the southern tip of Africa. Analysts say the detour adds 10 days or more to the journey. The armed conflicts in the Red Sea and the associated shifts in transport routes between Europe and Asia via the Cape of Good Hope are also affecting production in Grnheide," Tesla said. The significantly longer transport times create a gap in the supply chains. The U.S. led airstrikes on Thursday against Yemen's Houthi rebels in response to their

Tesla shares fall on long wait for Cybertruck payoff, hefty price tag

Musk has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025

Tesla may invest $2 billion for manufacturing in India but with conditions

Tesla is also likely to commit 20% localisation in its Made in India cars in the first two years and it may increase to 40% in four years

Tesla driver's family can seek punitive damages over fatal crash: Judge

The judge found the deceased driver's widow presented sufficient evidence of misconduct and negligence that she should be allowed to ask a jury to punish the electric-car maker

'My apologies': Elon Musk unable to meet Piyush Goyal at Tesla facility

Elon Musk was unable to meet with Piyush Goyal in person as he was unwell and could not travel to California

Tesla misses margin estimates amid price cuts, sticks to production goal

The company said on Wednesday that upgrades made to its factories in the third quarter will help it in cutting production costs. "An industry leader needs to be a cost leader," it said in a statement

Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey

Turkish President Recep Tayyip Erdogan called on Elon Musk, the head of electric carmaker Tesla, to establish a factory in Turkiye during a meeting in New York, Erdogan's office said on Monday. Erdogan, who is in the US to attend the UN General Assembly, also discussed potential cooperation between Musk's space exploration firm SpaceX and Turkiye's space programme, the Turkish president's office said. The statement said Erdogan told Musk that Turkiye would welcome cooperation on artificial intelligence and Starlink, SpaceX's satellite internet service. Musk said SpaceX wanted to secure the necessary license to offer Starlink in Turkiye. Images of the meeting showed Musk holding one of his sons as he talked to Erdogan. Turkish Industry and Technology Minister Mehmet Fatih Kacir, who attended the meeting, said Musk described Turkiye as among the most important candidates for Tesla investment. He added that Musk and Erdogan also discussed Turkiye's armed aerial drone programme.

Top headlines: Can Tesla sell a Rs 20L electric car, FTA with UAE, and more

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Elon Musk advises Toyota to join NACS; all you need to know about it

NACS stands for North American Charging Standard (NACS) which was previously known as a Tesla charging connector. It has been developed by Tesla Inc

Tesla Model Y becomes 1st EV to earn world's best-selling car tag

The 2023 Model Y starts at $47,490, considerably more than the 2023 Corolla ($21,550) and RAV4 ($27,575), said the report

Tesla raises US prices on Model S, X, and Y EVs: All you need to know

Since April 19, when Tesla deducted prices for a few of its vehicles in the US, this is the second time that the Model S, Model X, and Model Y have seen their prices increase

Tesla cuts prices on EV models for 3rd time this year in US to lure buyers

Tesla cut prices on its entire U.S. electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates. The cuts that appeared Friday on Tesla's website ranged from $5,000 per vehicle for Tesla's slower-selling more expensive models, the S large sedan and the X big SUV. The company lopped $2,000 off the price of the Y small SUV, its most popular model, and added a lower-cost dual-motor version priced at $49,990. The 3 small sedan saw a $1,000 price cut. The moves come as Tesla's first-quarter sales grew 36% but fell short of analysts' expectations. The company said Sunday that it delivered a quarterly record of 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago. But the increase fell short of analyst estimates of 432,000 for the quarter, according to FactSet. A message was left Friday seeking comment from the Austin, Texas-based Tesla on why the prices were cut. Guidehouse Research

US FDA rejected Musk-run Neuralink's bid to implant chip in human brain

The US Food and Drug Administration (FDA) rejected Elon Musk-run company Neuralink's bid to implant a chip in a human brain over safety risks, the media reported.