Page 26 - Tesla

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

Finance ministry not considering tax waivers for Tesla: Revenue Secy

Last month, Tesla CEO Elon Musk said Indian Prime Minister Narendra Modi was pushing the car maker to make a "significant investment" in the country, adding that such an announcement was expected soon

India Finance Minister not considering tax waivers for Tesla: Official

India's finance ministry is not considering any duty waivers for U.S. automaker Tesla Inc, Revenue Secretary Sanjay Malhotra told Reuters on Thursday

Tesla battery supplier Panasonic in talks to set up plant in India

The carmaker has asked its other battery suppliers also to initiate talks for hubs

Tesla in talks with India to set up factory with 500,000 annual capacity

India was keen for Tesla to manufacture vehicles locally, but the company said it wanted to export its cars first so that it could test the strength of demand

'Refer & earn': EV maker Tesla rolls out global incentives to boost sales

Automakers have historically used employee and loyalty discounts to lower the sticker price

US agency seeks updated responses, data from Tesla in Autopilot probe

NHTSA has said evidence had raised questions about the effectiveness of Tesla's alert strategy, which seeks to compel driver attention

Tesla sales jump 83% from a year ago on tax credits, broader adoption

Tesla's second-quarter deliveries rose 83 per cent from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said Sunday that it sold a record 466,140 vehicles worldwide from April through June, nearly doubling the 254,695 it sold during the same period a year earlier. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions. But the price cuts, both for special orders and on existing inventory, raised questions from analysts who expect the cuts to reduce Tesla's profit margins when it announces second-quarter earnings on July 19. Tesla's sales were better than Wall Street expectations. Analysts polled by data provider FactSet expected deliveries of 445,000 for the quarter. The company produced 479,700 vehicles from April through June, about 13,000 more than it sold, indicating that inventories may be ...