Tesla is likely preparing for a market launch in India, although local production isn't part of its initial plans
Options discussed include expediting the bill or presenting a more detailed measure similar to it before Congress's July 4 recess
Elon Musk is stepping down just 130 days into his 180-day appointment as a 'special employee' by US President Donald Trump to lead DOGE in cutting $2 trillion in federal spending
Donald Trump's showpiece tax bill, dubbed the 'One Big Beautiful Bill', aims to expand the 2017 Tax Cuts and Jobs Act, but Musk says it will hurt cost-cutting efforts
Wisconsin could go down as billionaire Elon Musk's last big spend on a political campaign. And it was a flop. Musk, the richest person in the world, said Tuesday that he would be spending less on political campaigns. The announcement came as Musk is stepping back from his role in the Trump administration, saying he will spend more time focused on his businesses, and just seven weeks after the candidate he backed in Wisconsin's Supreme Court race lost by 10 percentage points. Democrats in the swing state said Musk's comments show that a party-led effort in this spring's election, dubbed People vs. Musk, succeeded in making Musk and his money toxic. The people have won, said Wisconsin Democratic Party Chairman Ben Wikler. The biggest funder in Republican politics is taking his toys and going home." Brandon Scholz, a retired longtime Republican strategist in the state, said that at least in Wisconsin, after that court race he deserves to be labelled as toxic. But that doesn't mean
Billionaire Elon Musk said Tuesday he's committed to being CEO of Tesla in five years' time as the automaker faced intense consumer and stock-price pressure over his work with President Donald Trump's government. The question came as Musk made a video appearance at the Qatar Economic Forum hosted by Bloomberg after Musk recently travelled to Doha as part of Trump's Mideast trip last week. The SpaceX and Starlink chief offered terse sentences and grew combative over questions regarding his businesses and how his involvement in American politics had affected his businesses. A moderator asked: Do you see yourself and are you committed to still being the chief executive of Tesla in five years' time? Musk responded: Yes. The moderator pushed further: No doubt about that at all? Musk added, chuckling: I can't be still here if I'm dead." Tesla has faced intense pressure as Musk worked with Trump as part of its self-described Department of Government Efficiency effort, particularly amid
Denmark's Tscherning drops entire Tesla fleet, citing Elon Musk's political stance; says move reflects company values, not concerns about EV performance
Tesla changed its bylaws to require investors to hold at least 3% of shares to file or maintain a derivative lawsuit, aiming to limit future legal challenges like those over Musk's pay package
Tesla CEO Elon Musk's interest in launching robotaxis in Saudi Arabia comes at a time when the Kingdom's transport authority has already signed MoU with Uber to roll out self-driving cars by 2025
Prashanth Menon's resignation comes as Tesla plans entry into Indian markets
Another application by Tesla to trademark the term "Robotaxi" for its upcoming ride-hailing service is still under examination by the office, the report said
Tesla sales plunged by more than half last month in several European countries in a sign that Elon Musk could struggle to revive the company after he shifts from his Washington work to running the automaker again. Tesla sales collapsed in April by more than two-thirds from a year earlier in Sweden, the Netherlands and Denmark, according to auto groups and government agencies Friday. Sales at the Austin, Texas, company dropped by 59% in France and 38% in Norway. The countries are not major drivers of sales overall, but they are the first to report April results and thus a foretaste of possible trouble elsewhere as Tesla reels from protests and boycotts over Musk wading into politics. In Germany, where he told voters their country was lost if they didn't vote for a candidate widely derided for her extreme views, sales plunged 62% in the first three months this year. German sales for April are not out yet. Financial analysts covering Tesla are worried about the Musk backlash but cauti
US President Donald Trump praised Elon Musk for saving $160 bn through DOGE as he bid him farewell. Musk hinted at shifting focus back to Tesla
Tesla CFO Vaibhav Taneja said that 100% import tariffs create anxiety
The bigger problem is that Tesla's ageing vehicle lineup has collided with increasing competition, something that Musk's DOGE duties compounded but did not create
Telecom Minister Jyotiraditya Scindia on Tuesday threw his weight behind having more players in satellite internet space, saying the service was needed particularly in the rural and underserved areas of the vast market that is India. The government has already granted licences to firms backed by billionaires Mukesh Ambani and Sunil Bharti Mittal to offer satellite internet services, and Scindia indicated more may be granted if players meet security and regulatory norms. The minister's statement is a positive one for Elon Musk's Starlink that has aspirations to operate in the world's most populous nation. Starlink, which had been vying for an India licence for sometime now, last month signed pacts with Ambani's Reliance Jio and Mittal's Bharti Airtel -- which together control more than 70 per cent of the country's telecom market -- to bring the US satellite internet giant's services to India. Citing the licences granted to Bharti Group-backed Eutelsat OneWeb and Jio Satellite ...
After Tata Electronics, Tesla has held discussions with Mumbai-headquartered CG Semi for potential chip sourcing
Elon Musk confirmed he will visit India later this year, as Tesla prepares to launch its electric vehicles in the country
The White House, in a statement about the protests, said President Trump's position is clear: He will always protect Social Security, Medicare, and Medicaid for eligible beneficiaries
There have been some instances of unruly protests and vandalism in Europe. But much of the anti-Musk sentiment has taken the form of political satire