Page 66 - Elon Musk

Tesla cuts prices for 3 of its EV models in US following a difficult week

Tesla knocked USD 2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model and the top-selling electric vehicle in the US, and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same. The cuts reduced the starting price for a Model Y to USD 42,990 and to USD 72,990 for a Model S and USD 77,990 for a Model X. The move came the day after Tesla's stock tumbled below USD 150 per share, eliminating all gains made over the past year. The Austin, Texas, company's stock price has dropped about 40 per cent so far this year amid falling sales and increased competition. Discounted sticker prices are a way to try to entice more car buyers. Musk posted early Saturday on X, the social media platform known as Twitte

Highlights of the day: Delhi records maximum temperature of 37.2 degrees Celsius

From the events of the ongoing general elections to EV-maker Tesla's dwindling market-cap, catch all the latest news from around the world here. Stay tuned

Govt aims to make India attractive for manufacturing, services: Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday said the Centre has tailored policies to make India an attractive destination for manufacturing and services, and the aim was to produce not just for the domestic market but for exports as well. She was responding to a query on American tech billionaire Elon Musk postponing his meeting with Prime Minister Narendra Modi. "Policies have been made to attract investments. We want manufacturers and investors to come and produce not just for India but also for exports. We will try to attract manufacturers and investors through policies," she told reporters. Tesla CEO Musk on Saturday said his visit to India has been delayed due to the company's heavy obligations. "When big companies show interest to come to India, we will do everything to make it attractive for them to come and invest. In that process, if there is anything to discuss, we will certainly discuss. But whatever we have done, we have done it through policy," Sitharaman ...

Exxon Mobil's market value surpasses Tesla's as oil rises, EV sales slow

Tesla fell 1.9 per cent to $147.05 a share on Friday, making it the second-worst performing stock in the S&P 500 Index this year

As Israel fires missiles at Iran, Elon Musk shares message of peace

The development comes after Iran's state media reported explosions in the central province of Isfahan

Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi

The Elon Musk-led company's shares fell 2.7% to $151.26 after the brokerage downgraded the stock to 'Hold' and cut its price target to $123 from $189

Elon Musk's Tesla initiates formal dialogue with govt on new EV policy

Meeting attended by other global and Indian OEMs sought to offer clarity on EV manufacturing scheme

Elon Musk supports India for UNSC: US State Department reacts

The US supports much-needed reform of the United Nations, including the Security Council, to make it reflective of the 21st-century world, a senior Biden administration official has said, amidst growi

Musk's India visit sparks expectations for Tesla investment and expansion

Reports suggest that Elon Musk is set to announce an investment in India of $2-$3 billion along with Tesla Inc's long-awaited entry into India

US supports UN reform: Biden admin on Musk's remarks on UNSC seat for India

The US supports much-needed reform of the United Nations, including the Security Council, to make it reflective of the 21st-century world, a senior Biden administration official has said, amidst growing calls for inclusion of India as the permanent member of the powerful organ of the world body. State Department's Principal Deputy Spokesperson Vedant Patel's remarks came as he responded to a question about billionaire tech magnate Elon Musk's assertion that there is no meaning in having the UN without India's permanent seat on the United Nations Security Council. He said President Joe Biden has spoken about this (the need for reforms) before in his remarks to the UN General Assembly. "We certainly support reforms to the UN institution, including the Security Council, to make it reflective of the 21st-century world that we live in. I don't have any specifics to offer on what those steps are, but certainly, we recognise that there is a need for reform," Patel said during a press ...

OpenAI's ChatGPT, Google Gemini can end civilisation, says Elon Musk

Elon Musk says that ChatGPT is "too woke" and Google Gemini and ChatGPT can end the civilisation

Musk vs the rest: Who will be Tesla's biggest competitors in India?

Elon Musk is set to visit India and meet PM Modi. With the likelihood of a Tesla plant coming up in India, which are the EV makers they will compete with? Here is a list

Tesla plant likely in India: A look at its gigafactories in other countries

Tesla has six Gigafactories in Fremont, California; Sparks, Nevada; Berlin, Germany; Shanghai, China; Austin, Texas; and Buffalo, New York

US reacts to Elon Musk's X post backing India for permanent seat at UNSC

Elon Musk is expected to announce a Tesla EV manufacturing factory in India during his visit next week

What Elon Musk's pay package vote means for his $174 billion fortune

Tesla's 2024 proxy statement, filed Wednesday, asks shareholders to approve the same 2018 compensation package for its chief executive officer that was rejected by Delaware court

Tesla's Musk likely to unveil $2-3 billion India investment during visit

Musk's visit comes as Tesla battles slowing sales in the major markets of the United States and China, and has this week announced layoffs affecting 10% of its workforce

Elon Musk's satcom firm Starlink may soon get approval from Centre: Report

The Digital Communication Commission, an inter-ministerial panel and the highest decision-making body of the DoT, is likely to address the Starlink case ahead of the Tesla chief's visit to India

Not quite in orbit: Elon Musk's Starlink faces delays in India

Elon Musk is scheduled to visit India next week. However, his company Starlink's plans to launch services here might face a delay of over three months. But why the holdup? Watch the video to know.

Tesla asks investors to approve Musk's $56 bn compensation package again

In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company's state of incorporation to Texas from Delaware. The carmaker will convene its annual meeting on June 13

New X users may need to pay an annual fee to post on platform: Elon Musk

CEO of Tesla and SpaceX stated that the move was aimed at curbing spam accounts on the social media platform