Page 20 - Tesla

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

Musk vs the rest: Who will be Tesla's biggest competitors in India?

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

Tesla plant likely in India: A look at its gigafactories in other countries

Tesla has six Gigafactories in Fremont, California; Sparks, Nevada; Berlin, Germany; Shanghai, China; Austin, Texas; and Buffalo, New York

Tesla asks investors to approve Musk's $56 bn compensation package again

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

Tesla's $1 billion India connection that powers its auto ecosystem

Like several other big companies, Tesla too started to de-risk its supply chain after the pandemic shock and looked towards Indian component makers

Rajasthan enters fray to attract Tesla India plant ahead of Musk's visit

Preliminary talks on with automaker; proximity to NCR seen as an advantage

Tesla's market valuation declines below $500 billion as risks pile up

The stock tumbled about 4% to below $154 at one point on Tuesday in New York, bringing this year's drop to some 38%

Tesla layoffs: Global job cuts to impact leading markets US, China

Tesla faces increasing competition in China in a fierce price war with rivals led by BYD, slowing sales in the United States, as well high investment costs in new models and artificial intelligence

Tesla plans to lay off more than 10% of its staff amid softening demand

The world's largest automaker by market value had 140,473 employees globally as of December 2023, its latest annual report shows

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

Tesla & Reliance may join hands for EV manufacturing plant in India: Report

Tesla has earmarked $2 billion for its forthcoming endeavours in India and has been scouting various locations, including Gujarat and Maharashtra, as potential sites for the plant

Tesla hunts for Indian partner: Is Reliance the one?

Tesla is potentially seeking a local partner to establish its operations in India. The American electric vehicle giant is considering the prospect of a joint venture with Reliance to construct

Elon Musk says AI will gain general intelligence, outsmart humans by 2025

"If you define AGI (artificial general intelligence) as smarter than the smartest human, I think it's probably next year, within two years," Musk said

Tesla investors brace for potential back-to-back vehicle sales decline

The carmaker faces a tough year-ago comparison in the current period, Ben Kallo, who rates Tesla's stock the equivalent of a buy, said in a note published Tuesday

New energy vehicles to account for 50% of China's car sales by 2030

The rating agency also anticipated the automobile industry to contribute 4.5 to 5 per cent of China's nominal GDP by 2030, offsetting weaknesses in other sectors like real estate

Tesla settles lawsuit over man's death in crash involving its Autopilot

Tesla has settled lawsuit brought by the family of a Silicon Valley engineer who died in a crash while relying on the company's semi-autonomous driving software. The size of the settlement was not disclosed in court documents filed Monday, just a day before the trial stemming from the 2018 crash on a San Francisco Bay Area highway was scheduled to begin. The family of Walter Huang filed a negligence and wrongful death lawsuit in 2019 seeking to hold Tesla and, by extension, its CEO Elon Musk liable for repeatedly exaggerating the capabilities of Tesla's self-driving car technology. They claimed the technology, dubbed Autopilot, was promoted in egregious ways that caused vehicle owners to believe they didn't have to remain vigilant while they were behind the wheel. Evidence indicated that Huang was playing a video game on his iPhone when he crashed into a concrete highway barrier on March 23, 2018. After dropping his son off at preschool, Huang activated the Autopilot feature on h

Tesla's low quarterly sales spark concerns over company's future growth

The growth issue around Tesla has become so sensitive, that a report on Friday saying the company was getting rid of its low-cost EV plans which were considered key to fixing its demand problem

Tesla scraps low-cost car plans amid Chinese EV competition; Musk denies

The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said

Tesla accused in suit of wage law violations against California workers

Tesla is also facing claims that CEO Elon Musk violated workers' labor rights by suggesting in a 2018 tweet that employees would lose stock options if they unionized

Tesla seeks support from Apple to prove driver killed in crash was gaming

The two sides are sparring over whether Tesla can call an Apple engineering manager as a witness for a two-month trial set to start next week in state court in San Jose