Page 6 - Tesla Inc

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

Elon Musk's X wins lawsuit against music publishers over copyright

Sony Music, Universal Music and other members of the National Music Publishers' Association trade group had sued X last June, seeking more than $250 million of damages

Tesla ordered to pay $1.5 mn over alleged hazardous waste violations

A California judge on Friday ordered Tesla Inc. to pay USD 1.5 million as part of a settlement of a civil case alleging the company mishandled hazardous waste at its car service centers, energy centers and a factory, multiple county district attorneys announced. The complaint filed in San Joaquin County alleged illegal disposal of hazardous waste and violation of laws involving storage and management of the waste, according to statements from several of 25 district attorneys offices in California involved in the case. Tesla did not immediately respond to an Associated Press email seeking comment. The district attorneys' statements said Tesla cooperated with the investigation and acted to improve compliance with laws that were brought to its attention by the prosecutors. Electric vehicles play a role in environmental betterment, yet it's imperative to recognize that their production and maintenance yield detrimental waste," said San Joaquin County District Attorney Ron Freitas. Tesl

Tesla to take shareholder vote on shifting incorporation to Texas: Musk

Tesla Inc will move immediately to hold a shareholder vote to transfer the electronic vehicle (EV) maker's state of incorporation to Texas from Delaware, Musk said

WATCH: Elon Musk 'goes for a walk' with Tesla's humanoid robot 'Optimus'

'Optimus', the Tesla humanoid robot is being designed as a general-purpose bot, which is capable of performing tasks that are "unsafe, repetitive or boring"

Delaware judge rules 'unfathomable' pay deal made Tesla CEO overpaid

The judge called Tesla's process of approving the pay package "deeply flawed"

Elon Musk risks losing world's richest title after pay package voided

It remains unclear whether Musk will appeal Tuesday's ruling or Tesla's board will draw up a new pay package

Louis Vuitton's Bernard Arnault overtakes Elon Musk as world's richest man

At 11th rank globally, Mukesh Ambani, chairman and managing director, Reliance Industries, continued to be the richest Indian on the list

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

Apple reclaims most valued brand title; Tata only Indian brand in top 100

Tesla (brand value down 12 per cent to $58.3 billion) has dropped out of the top 10, falling to 18th place in the ranking

M&M calls for level playing field for EVs amid Tesla's India entry plans

DAVOS, Switzerland, Jan 16 (Reuters) - Indian automaker Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla.

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 is raising worker wages as auto union tries to raise its EV plants

Factory workers at Tesla have been told to expect pay raises this year, a move that comes as the United Auto Workers union tries to organize the electric vehicle maker's U.S. plants. The UAW said Thursday that Tesla workers have told the union about company statements on the raises, which did not give details about the size of the increases. After winning strong contracts with Detroit's three automakers last year, the union has embarked on an effort to organize all nonunion auto plants in the U.S., including Tesla's assembly and battery factories in Texas, California and Nevada. The Tesla raises come after nearly all companies with nonunion auto plants announced worker pay increases shortly after the UAW contracts were ratified. The UAW said its organizing drive will target more than a dozen U.S. plants run by Toyota, Honda, Hyundai, Nissan, Subaru, Mazda, Volkswagen, Mercedes, BMW and Volvo. Tesla also is on the list, along with EV startups Rivian and Lucid. UAW President Shawn F

LSD, cocaine: Elon Musk's drug use concerns Tesla and SpaceX execs

Musk has used LSD, cocaine, ecstasy and psychedelic mushrooms, often at private parties, the Journal said, citing unnamed witnesses and others with knowledge of the matter

How China's top automobile manufacturer BYD beat Tesla at its own game

The company is able to offer a wide range of affordable EVs at low prices, maximizing sales (if not revenue) while expanding its footprint in new markets

BYD pulls ahead as world's biggest producer of battery passenger cars

After a $12 billion selloff during November, BYD is as cheap as it has been going back to the start of 2010, despite 31 out of 32 analysts putting a Buy rating on the stock