Page 24 - Tesla

Tesla on two wheels? India's Ola Electric feels the strains of success

Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years

Tesla sues Swedish co as striking workers halt delivery of license plates

Tesla has filed a lawsuit against the Swedish Transport Agency as striking workers in the Scandinavian country halted the delivery of license plates of new vehicles manufactured by the Texas-based automaker, reported Sweden's Dagens Industri on Monday. Mikael Andersson, a press spokesman for the agency, told local broadcaster SVT that the lawsuit was filed early morning so we have not seen it yet. We need to hear their reasoning first before we can give any further comment, Andersson told SVT. Leading business paper Dagens Industri reported that Tesla which is non-unionized globally was suing the government agency because not accessing the registration plates constitutes an unlawful discriminatory attack directed at Tesla. On October 27, 130 members of the powerful metalworkers' union IF Metall walked out at seven workshops across the country where the popular electric cars are serviced, demanding that the carmaker sign a collective bargaining agreement, which most employees in .

Tesla may invest $2 billion for manufacturing in India but with conditions

Tesla is also likely to commit 20% localisation in its Made in India cars in the first two years and it may increase to 40% in four years

Tesla driver's family can seek punitive damages over fatal crash: Judge

The judge found the deceased driver's widow presented sufficient evidence of misconduct and negligence that she should be allowed to ask a jury to punish the electric-car maker

India closer to agreement with Tesla to import EVs, set up facility

Tesla would commit an initial minimum investment in any plant of around $2 billion and would look to increase purchases of auto parts from the nation to as much as $15 billion

Fallout from Musk's antisemitic post spreads, Tesla investors worried

Facebook co-founder Dustin Moskovitz, also chief executive officer of project-management software maker Asana Inc., called on the billionaire to resign

IBM suspends X advertisements after report of placement near Nazi posts

Elon Musk, the billionaire owner of X, on Wednesday endorsed an antisemitic post on the service

'My apologies': Elon Musk unable to meet Piyush Goyal at Tesla facility

Elon Musk was unable to meet with Piyush Goyal in person as he was unwell and could not travel to California

Tesla to double its components imports from India, says Piyush Goyal

He said in September Tesla was aiming to source components worth between $1.7 billion and $1.9 billion from India this year, having bought $1 billion of components last year

Tesla to import completely made electric cars from Germany into India

Earlier this month, Reuters reported that Tesla is planning to build a $26,838 car at its factory near Berlin

Piyush Goyal to meet Tesla's Musk amid market entry talks: Report

Tesla and India have been in talks for several months with the US carmaker open to setting up a factory but also keen to get lower import taxes for some of its high-end vehicles

Tesla plans to build $26,838 car at its factory in Germany: Report

Musk had long planned to make a more affordable electric car, but said in 2022 he had not yet mastered the technology and shelved the plan

Cooling electric vehicle sales have Tesla, GM & Ford rethinking investments

While the battery-powered vehicle market is still expanding, the pace of growth has slowed considerably

Justice dept expanding probe, issuing subpoenas for information: Tesla

Federal prosecutors have expanded investigations into Tesla beyond the electric vehicle maker's partially automated driving systems, and they have issued subpoenas for information instead of simply requesting it, the company disclosed Monday. In a quarterly report filed with the Securities and Exchange Commission, Tesla said the Department of Justice is looking into personal benefits, related parties, vehicle range and personnel decisions without giving details. The additional investigation topics and the subpoenas suggest that prosecutors have broadened their inquiry, and they have found the need to force Tesla to disclose information, legal experts say. The filing indicates prosecutors may be investigating Tesla CEO Elon Musk, and whether the company has been candid in describing the features of its vehicles, they say. In January, Tesla disclosed that the Justice Department had requested documents related to its Autopilot and Full Self-Driving features. Both features are classifi

Tesla to exceed $9 bn spending target this year as it rolls out new models

The company's spending is, however, expected to return to the $7 billion and $9 billion range in the next two years, a regulatory filing showed

Tesla misses margin estimates amid price cuts, sticks to production goal

The company said on Wednesday that upgrades made to its factories in the third quarter will help it in cutting production costs. "An industry leader needs to be a cost leader," it said in a statement

Tesla CEO Musk raises alarm on interest rates, hesitates on Mexico factory

"If interest rates remain high ... it's that much harder for people to buy the car. They simply can't afford it," he said on a conference call with analysts

Tesla to recall nearly 55,000 Model X vehicles, says auto regulator

Tesla has released an over-the-air (OTA) software update, free of charge, to fix the issue, the National Highway and Traffic Safety Administration (NHSTA) said

BYD set to race past Tesla as world's biggest electric car seller: Report

China's best-selling car brand came within a whisker of toppling Tesla last quarter after factory downtime led to the US automaker's first delivery decline in more than a year

Tesla Inc's sales drop brings BYD the closest ever to global EV crown

Including hybrids, Shenzhen-based BYD sold a total 822,094 vehicles for another record quarter, helping it cement its lead as China's best-selling car brand