Page 25 - Tesla

After Tesla eases monitoring of ones using autopilot, regulators seek reply

Tesla is allowing some drivers use its Autopilot driver-assist system for extended periods without making them put their hands on the steering wheel, a development that has drawn concern from US safety regulators. The National Highway Traffic Safety Administration has ordered Tesla to tell the agency how many vehicles have received a software update making that possible and it's seeking more information on what the electric vehicle maker's plans are for wider distribution. NHTSA is concerned that this feature was introduced to consumer vehicles, and now that the existence of this feature is known to the public, more drivers may attempt to activate it, John Donaldson, the agency's acting chief counsel, wrote in a July 26 letter to Tesla that was posted Wednesday on the agency's website. The resulting relaxation of controls designed to ensure that the driver remain engaged in the dynamic driving task could lead to greater driver inattention and failure of the driver to properly ...

Apple, Tesla links mean China can't pressure business: Foxconn's Terry Gou

If China were to confiscate assets of Hon Hai Precision Industry Co., it would hurt the interests of major global pension funds, and "no foreign investor will dare to invest," he said

Elon Musk told Pentagon that he spoke to president Putin directly: Report

Musk made the comments during an October conversation with Colin Kahl, then the Pentagon's top policy official, about Ukrainian forces losing connection to Space X's Starlink service

Tesla didn't fix autopilot after fatal 2016 Florida crash, engineers say

Tesla also is in the cross-hairs of multiple investigations by the National Highway Traffic Safety Administration over possible defects in Autopilot linked to at least 17 deaths since June 2021

Tesla cuts prices 2nd time in 3 days, concerns of reigniting price war

The automaker announced last month that global production would drop in the third quarter due to downtime for factory upgrades, without offering specifics

Meet Vaibhav Taneja, Tesla's Indian-origin CFO

Tesla finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said on Monday and appointed accounting head Vaibhav Taneja in his place. >

In China, it's already cheaper to buy electric vehicles than gasoline cars

Tesla's Model Y crossover SUV has comfortably outsold every competitor since Feb, while BYD Co.'s Dolphin hatchback has already overtaken established competitors just months after deliveries began

Vaibhav Taneja appointed as Tesla's new CFO as Kirkhorn steps down

Taneja, 45, joined Tesla after the automaker acquired SolarCity in 2016

How the car industry got computer as its wheels

Tesla created software which runs as a single system in its cars, enabling it to update, upgrade and improve features on its own. Legacy car firms are now attempting to follow Tesla

In India, it's advantage Tesla as Chinese automakers face scrutiny

Those talks continued over the past week with Tesla discussing minute details of its plans to gain access to India's fast-growing EV market, and Modi personally tracking developments, sources say

'Govt asks Tesla to copy Apple in pairing Chinese, Indian suppliers'

Tesla wants to use some Chinese vendors, India wants workaround

Tesla executives hold market entry talks with India investment agency

Many Indian states are keen to woo Tesla to set up its plant in their region, but the carmaker is currently focussed on discussing its proposal with the federal government in New Delhi

Tesla to discuss factory plan for new $24,000 car with Goyal: Report

The $24,000 EV Tesla representatives were said to have described in discussions about a potential Indian plant would be 25% cheaper than its current lowest priced offering

'No special policy for Tesla, can seek incentives under existing schemes'

The government so far is not looking to frame a separate policy for providing incentives to US-based electric car maker Tesla, and the company can apply to avail support measures under existing schemes like PLI for auto and advanced chemistry cells, a government official has said. The government has already rolled out the production-linked incentives schemes (PLI) for advanced chemistry cell (ACC) battery storage with an outlay of Rs 18,100 crore and Rs 26,058 crore PLI scheme for auto, auto-components and drone industries. "We have told Tesla that the policies, which are already there for all, they can also apply under that PLI. They are welcome. Generally, the policy will be the same for all. For a single company, the government may not like to make separate policies. So far, there is no plan to give special treatment," the official said. Representatives of Tesla's biggest supplier of batteries Panasonic have met "us and they have stated that they want to make batteries. We have .

Elon Musk's wealth slumps $20 billion after Tesla Inc's shares tumble

The drop in net worth to $234.4 billion is the seventh-largest decline ever among those in the Bloomberg Billionaires Index, and further narrows the wealth gap between Musk and Bernard Arnault

Elon Musk open to price cuts as Tesla bets on self-driving future

Tesla saw a spike in the usage of FSD Beta in the second quarter, with cumulative miles driven with the technology coming in at more than 300 million miles

Top headlines: Can Tesla sell a Rs 20L electric car, FTA with UAE, and more

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Tesla's income jumps 20% but shares fall after hours amid profit concerns

Elon Musk's big bet that Tesla price cuts could boost sales and profits amid increasing competition and poor economic sentiment appears to be yielding mixed results. Sales jumped and the company beat analyst expectations for net income in the April-June quarter, although the company's profit margins declined. Tesla shares followed suit in after-hours trading. The Austin, Texas, maker of electric vehicles, solar panels and batteries reported net income of USD 2.7 billion in the quarter, a 20 per cent increase from a year ago. Earnings per share also rose 20 per cent to 78 cents when measured via generally accepted accounting principles. Total revenue rose 47 per cent to USD 24.93 billion. Analysts, however, tend to focus on Tesla's own measurement of profit, which excludes stock-based compensation expense. By that measure, Tesla's net income zoomed to USD 3.15 billion, or 91 cents a share, sharply exceeding average analyst estimates of 80 cents per share according to FactSet. Some ...

Tesla board to return $735 mn in stock awards to end suit over pay packages

The Tesla directors denied wrongdoing as part of the accord, but said they agreed to settle the case to eliminate the uncertainty, risk, burden, and expense of further litigation

Musk told to focus on Tesla as electric car rivals BYD, GM pick up pace

Rival automakers pouncing on booming demand for electric vehicles pose the biggest challenge for Tesla over the next two years