Page 67 - Elon Musk

Tesla pushes back on investor's latest move in Elon Musk's pay package row

If Tesla reincorporates in Texas and its board approves Musk's pay there, that would presumably have to be challenged in a new lawsuit under Texas law

Elon Musk once again richer than Mark Zuckerberg as fortunes reverse

The two billionaires switched ranks earlier this month, when Zuckerberg, 39, overtook Musk for the first time since 2020 following news that Tesla's vehicle deliveries fell in 3 months through March

Tesla CEO Elon Musk postpones India trip; to visit later this year

Elon Musk's trip to India has been postponed over reports claiming that he has a scheduled call with investors and analysts regarding Tesla's earnings on April 23

Did Elon Musk cancel Tesla factory plans in India?

On April 23, Tesla said it will use its existing factories to build new and more affordable vehicles. This comes after Elon Musk cancelled his India visit last minute, leaving investments in new facto

Elon Musk's X to take on YouTube with a video streaming app for smart TVs

X CEO Linda Yaccarino said that the new TV app for X will be "your go-to companion for a high-quality, immersive entertainment experience on a larger screen"

Tesla's shift on low-cost cars throws India investment plans into limbo

The world's top EV maker said it plans to raise production by 50% from 2023 to its current capacity of close to 3 mn vehicles before investing in new manufacturing lines

Musk slams Australian court over 'censorship' of alleged X terror posts

The pushback by the world's third-richest person sets up a new front in the battle between the world's largest internet platforms and countries and nonprofits

Elon Musk loses Australia court hearing over Sydney knife attack posts

In a hearing Monday night in Sydney, the Federal Court of Australia ordered X must hide all recordings of a terrorist attack at a church in the city on April 15 until Wednesday

Australia condemns X's fight against removal of Sydney attack images

Australian Prime Minister Anthony Albanese criticised the broadcast of violent images and said some social media content exacerbated the pain of many people

The localisation story of Elon Musk's Tesla: India versus China deal

The Tesla factory in China, on the other hand, sources 95% of its components locally after 5 years

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 ...