Page 5 - Tesla Inc

Tesla's plan for affordable cars follows playbook of its Detroit rivals

Tesla said the change would allow the company to launch low-cost vehicles swiftly but would result in smaller cost reduction than had been expected and modest volume growth

Electric car Tesla may set up manufacturing plants in India, Mexico in 2025

Elon Musk pointed out in Tuesday's earnings call that Tesla expects a 50 per cent increase in production over 2023

Tesla planning to cut more than 6,000 jobs across Texas, California

Tesla also revealed plans to lay off 3,332 employees across multiple sites in California, according to separate WARN notices filed in that state

Tesla to introduce new models ahead of planned timeline, shares jump

Currently, Tesla's Model 3 and Model Y, with starting prices of around $40,000, are its only volume sellers

Tesla could start selling Optimus robots by end of 2025: Elon Musk

Musk told investors on a conference call that he guessed the Tesla robot, called Optimus, would be able to perform tasks in the factory by the end of this year

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

Electric vehicle plant to spacetech: All eyes on X ahead of Elon Musk visit

Elon Musk is expected to meet PM Narendra Modi and announce that Tesla will set up a car and battery plant in India. He may push plans to launch Starlink's broadband services

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 lays off more than 10% of global workforce amid dwindling sales

Musk last announced a round of job cuts in 2022, after telling executives he had a "super bad feeling" about the economy

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 inks semiconductor deal with Tata electronics for global operations

This agreement comes amid Elon Musk-led Tesla's eagerness to penetrate Indian market, and his scheduled visit to the country this month

Five per cent someone: What kind of ride is Tesla likely to have in India

Initially, Elon Musk's Tesla will address only 5-6% of India's light vehicles market. What kind of ride is it likely to have?

Tamil Nadu to pitch itself aggressively as manufacturing site for Tesla

Tesla's Chief Executive Officer is set to visit India and meet with PM Modi, who's seeking a third term in office in federal elections starting later this month

Boosting Tesla employees' pay to stop OpenAI from poaching: CEO Musk

Musk was responding to an Information report about Tesla AI scientist Ethan Knight leaving the car company to join Musk's xAI startup

Why has Tesla stock tanked over 33% in 3 months? Here are 4 key reasons

Even before the sales numbers were unveiled, traders were aggressively selling off Tesla stock. The sell-off was attributed by analysts to a cooling-off in the electric vehicle (EV) market

Boosting Tesla employees' pay to stop OpenAI from poaching: CEO Musk

Musk was responding to an Information report about Tesla AI scientist Ethan Knight leaving the car company to join Musk's xAI startup

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

Chinese EV makers show latest models at Bangkok International Motor Show

Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota, Isuzu and Ford, as they expand exports across the globe. And Thailand, one of the biggest markets in Southeast Asia, a region of more than 600 million people, has made developing its EV market a priority. Tesla launched sales in late 2022, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China's BYD. BYD, or Build Your Dreams, displayed a wide range of its EV lineup, including its Dolphin, a pure EV that it says runs 490 kilometers (about 300 miles) on a single charge and is priced at 859,999 Thai baht (USD 23,700). At the higher end of the spectrum is the Seal, promising 580 kilometers (about 360 miles) on a charge and costing nearly 1.6 .

After Tesla, Polestar quits Australia auto lobby amid emissions issue

VW, which remains in the lobby group, was concerned about the exit of Tesla and Polestar and was discussing the situation, the spokesperson added, without giving specifics

Tesla CEO Musk meets with Trump as former president seeks 2024 donors

Musk is the world's third richest man but has not been a major political donor, especially considering the size of his fortune, estimated at $192 billion