Page 2 - Tesla

Delhi HC grants interim relief to Musk-owned Tesla in infringement case

Musk's Tesla had moved the Delhi High Court in May 2024 to restrain Gurugram-based Tesla Power India from using the Tesla trademark for their electric vehicles

Elon Musk's xAI in advanced talks to raise $15 bn at $230 bn valuation

The details of the fundraising were shared by Musk's wealth manager Jared Birchall, but it isn't clear whether the valuation number is before or after the new funding comes in

Best of BS Opinion: A new migration survey offers hope for policymaking

Best of BS Opinion explains the need for a new migration survey, diplomatic challenges after Sheikh Hasina's death sentence, China's internal tremors, and governance lessons from Tesla and OpenAI

VinFast slightly outsells Tesla in close fight during festival season

Vinfast sold 137 cars versus Tesla's 109 during the festive months of September and October, as BYD maintained a strong lead with over 1,100 cars sold, according to Fada data

Musk expects Tesla's full self-driving software to get China's nod in 2026

The Tesla system, known as FSD for short, has been partially approved in China since February. Before that Tesla owners could use a less advanced and cheaper autopilot option

Elon Musk secures $1 trillion Tesla pay package: Here's what he needs to deliver | Tesla

In a historic move, Tesla shareholders have approved CEO Elon Musk’s record-breaking $1 trillion pay package, the largest in corporate history. Here’s what it means for Tesla

Musk says Tesla needs to build 'gigantic' chip fab plant to meet AI demand

The electric carmaker currently relies on contract chipmakers, including Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics, to manufacture its chip designs

Musk secures historic $1 trn Tesla pay package with shareholder approval

The plan won over 75 per cent support at Tesla's annual meeting in Austin, Texas, as investors endorsed Musk's vision of turning Tesla into an AI and robotics powerhouse

Elon Musk the trillionaire? Debate over his Tesla pay package rages

Elon Musk turned off many potential buyers of his Tesla cars and sent sales plunging with his foray into politics. But the stock has soared anyway and now he wants the company to pay him more -- a lot more. Shareholders gathering on Thursday for Tesla's annual meeting in Austin, Texas, will decide in a proxy vote whether to grant Musk, the company's CEO and already the richest person in the world, enough stock to potentially make him history's first trillionaire. It's a vote that has sparked heated debate on both sides of the issue, even drawing the pope's comments on it as an example of income inequality. Several pension funds have come out against the package, arguing that the board of directors is too beholden to Musk, his behaviour too reckless lately and the riches offered too much. Supporters say Musk is a genius who is the only person capable of ushering in a Tesla-dominated future in which hundreds of thousands of self-driving Tesla cars -- many without steering wheels -- w

Norway fund to vote against Tesla's $1 trn compensation for Elon Musk

Investors in the electric-vehicle maker will decide on November 6 whether to approve the package, likely the largest-ever CEO compensation agreement

Tesla hires ex-Lamborghini chief Sharad Agarwal to lead India operations

Before joining Tesla, Sharad Agarwal led Lamborghini India for nearly a decade, helping the brand dominate the country's super-luxury market

Chinese firm begins trial production of flying cars, ahead of Tesla

A Chinese firm this week began trial production of flying cars stated to be the next generation in the world of transportation, ahead of US firm Tesla and others plans to launch the same shortly. Xpeng Aeroht, the flying car affiliate of Chinese electric vehicle maker Xpeng on Monday began trial production at the world's first intelligent factory for mass-produced flying cars --- a milestone in the commercialisation of next-generation transport. Located in the Huangpu district of Guangzhou, the capital of south China's Guangdong Province, the 120,000-square-metre plant has already rolled out the first detachable electric aircraft of its modular flying car, the Land Aircraft Carrier, the state-run Xinhua news agency reported. The facility is designed to have an annual production capacity of 10,000 detachable aircraft modules, with an initial capacity of 5,000 units. It has the largest production capacity of any factory of its kind, and will be capable of assembling one aircraft ever

Sam Altman cancels Tesla Roadster reservation after '7.5 years of wait'

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 looks at internal CEO candidate if Musk leaves over pay package vote

Robyn Denholm, chair of Tesla's board, said to ensure an 'orderly transition, the most likely would be internal'. However, Denholm has not ruled out the possibility of external candidates

Tesla profit tumbles 31% despite record sales of EVs as costs rise

Elon Musk highlighted Tesla's Q3 AI and robot projects and his trillion-dollar pay plan, but gave few details on reviving EV sales after a 40 per cent profit drop

Samsung now taking bigger role in making Tesla chips, says Elon Musk

In July, Musk said Samsung made Tesla's AI4 chip and would produce the next-gen AI6, while TSMC handles the current in-development version

Tesla urges Delaware Supreme Court to restore Musk's $56 billion payday

One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded the Tesla CEO's record compensation in January 2024

Global EV price war heats up as Tesla, Nissan and Hyundai slash prices

Automakers worldwide are cutting electric vehicle prices as demand slows; Tesla, Hyundai, Nissan and Chinese brands lead a global price war to attract buyers

Tesla launches cheaper versions of 2 EVs in bid to win back market share

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

Tesla to unveil cheaper version of Model Y to offset loss of tax incentives

The move follows the company's decision to introduce a more affordable version to offset the impact of reduced US incentives for electric cars