Tesla aims to make charging easier across India with new stations, encouraging more people to switch to electric vehicles
Tesla expects Indian Model Y buyers to recover around a third of the ₹60 lakh cost through fuel and maintenance savings, with cheap home charging, and high resale value
Last year, Musk said the Roadster's design was nearing completion and promised it would be "something spectacular," indicating that production was planned for 2025
Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales but investors dumped its stock anyway. The new Model Y, costing just under USD 40,000 with a stripped-down interior, comes in a brutal year for Tesla as it tries to attract more customers despite an aging lineup, stiff competition from foreign EV makers and anti-Elon Musk boycotts targeting the company. The reaction from the stock market after the news broke suggests the new models are not expected to help much. Investors were looking for something truly different, not an iteration of a old product, said Edmunds analyst Ivan Drury, speaking as Tesla stock dropped sharply in the last minutes of trading. I can't imagine this will bring levels back to what they want. Tesla also announced a cheaper version of its Model 3 for under USD 37,000. For New York residents taking advantage of a state rebate, the price was below USD 35,000. Tesla has talked
The electric vehicle maker now intends to ship between 350 and 500 cars to India this year, with the first batch expected to arrive from Shanghai in early September
Electric carmaker adds to outlets in Mumbai and Gurgaon as part of expansion plans
Tesla will open its second showroom in India at Delhi's Aerocity on August 11, following its Mumbai launch and Model Y debut
Many see Tesla's India entry as an attempt to address the capacity glut at its global plants, from where excess inventory might be brought to India
Tesla has removed the 'order now' option for Model S and Model X in China as it battles falling sales, rising local competition, and deepening US-China trade tensions
The Model Y crossover is the best-selling car in China among all power types
Tesla's recall notice says that an unlocked trunk lid could open during driving, interfering with the driver's vision
Tesla CEO Elon Musk has appeared to confirm a report that the company's much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug 8 date. Musk didn't give a new date for the event, but in a posting on X on Monday, the social media site he owns, he wrote that he requested a design change to the front of the vehicle. "The extra time allows us to show off a few other things, he wrote. A message was left Monday seeking comment from Tesla. Bloomberg News reported on Thursday that the robotaxi event would be delayed until October due to changes sought by Musk. That sent Tesla shares down 8% for the day. But they have since rallied and were up nearly 3% in Monday afternoon trading. Tesla shares had been down more than 40% earlier in the year, but are up more than 80% since hitting a 52-week low in April. For many years Musk has said Tesla's Full Self Driving system will allow a fleet of robotaxis to generate income for the company and Tesla owners, making use o
Several similar cases filed by former Twitter employees and executives are moving through the courts
The engineers - four women and four men - claim Musk ordered their firing in 2022 after they circulated a letter calling the billionaire a 'distraction and embarrassment'
The opposition comes days after another prominent proxy adviser, Glass Lewis & Co., recommended investors vote down the Musk remuneration plan
After surging 15 per cent following Musk's Beijing visit, the stock has retraced more than half those gains, as the company deals with a myriad of issues
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
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
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
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