Some industry officials fear that the messy corporate jockeying over charging technology could discourage people from buying electric cars
The Karnataka government on Friday invited Tesla Inc, the world's largest electric car maker, to invest in the state, saying it is the ideal destination for the company's expansion into India, and that the authorities here are ready to support the company and its ventures and provide the necessary facilities. Tesla said earlier this week that it is looking to make a significant investment in India. After meeting Prime Minister Narendra Modi in the US, Tesla chief Elon Musk said he saw India as holding more promise than any other large country around the globe. He said he plans to pay a visit to the country in 2024. "I am confident that Tesla will be in India and we will do so it as soon as humanly possible," Musk told reporters after the meeting. "We don't want to jump the gun on an announcement, but I think it's quite likely that it will be a significant investment, a relationship with India." India, the world's third-largest energy consumer, is pitching as an alternate ...
Following a meeting with Indian Prime Minister Narendra Modi in the U.S. on Tuesday, Musk said he was keen to launch Starlink in India which "can be incredibly helpful" in remote villages
Stocks in India have lured almost $10 billion in net foreign inflows since March, set to be the most in any quarter since the end of 2020
India has strong potential for a sustainable energy future including solar power, stationary battery packs and electric vehicles, Musk said
Apart from Elon Musk, PM Modi met Nassim Nicholas Taleb, Robert Thurman, and Neil deGrasse Tyson, among others on the first day of his US trip
The meeting, which will potentially include more than 20 other high-profile individuals, is expected to take place early evening in New York, the person said
Elon Musk-owned Tesla's much-awaited Cybertruck's prototype has been spotted arriving in New Zealand by plane, possibly for the electric pickup truck's last winter testing
With billions at stake in potential investment, EU leaders are jockeying to win over the world's richest man
BYD Co., China's homegrown company that's now become the world's hottest maker of electric vehicles, has a warning for the US
Shares of Indian small-cap renewable energy company Urja Global jumped nearly 40% in two sessions following a deal with Gurugram-based Tesla Power India
Meta CEO Mark Zuckerberg has praised Tesla and SpaceX CEO Elon Musk for making Twitter "a lot leaner" which has been "good for the industry" overall
Electric vehicles made by General Motors will be able to use much of Tesla's extensive charging network beginning early next year under an agreement the two companies have announced. In addition, GM will adopt Tesla's connector, the plug that links an electric vehicle to a charging station. GM joins Ford in shifting its electric vehicles to work with about 12,000 of Tesla's roughly 17,000 chargers, and both Detroit automakers are pushing to make Tesla's connector the industry standard. Barra and Musk made the announcement during a Twitter Spaces conversation. Their discussion comes two weeks after Ford CEO Jim Farley joined Musk to announce that Ford's electric vehicles would gain access to much of Tesla's EV-charging network, the largest in the nation. Farley also said Ford would switch to Tesla's charging network connector rather than to a different one that is used by the rest of the industry.
After relocation to India, vendors will be required to form joint ventures with Indian companies as India does not support 100% Chinese investments post-2020 Galwan clashes
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The union government is not looking at extending any tailor-made incentives to US-based electric car maker Tesla as of now, though states are free to offer concessions to the company, sources said. They also said that the company is talking about building a complete supply chain in the long run as they are showing keen interest in India. The representatives of the firms visited the country last month and held meeting with various parts of the government, including the commerce and industry ministry. "We have made it very clear that imports are not the preferred thing from our side...The company is talking big in terms of complete supply chains," one of the official sources said. When asked about extending incentives to the firms, they added that "the government is not looking at any tailored incentives as of now. States are a different matter. States might compete with each other and someone might give them (concessions)". In 2021, the US-based electric car maker demanded a reduct
Elon Musk-run Tesla has recalled 137 Model Y electric vehicles (EVs) in the US in response to an issue with the fastener for the steering wheel.
Tesla boss hails China's 'vitality, promise'; asked to boost investment in Shanghai by top party official
The Tesla Inc. chief executive officer surpassed luxury tycoon Bernard Arnault on Wednesday after shares of Arnault's LVMH fell 2.6% in Paris trading
China's industry minister met Tesla Ltd. CEO Elon Musk on Wednesday and the two discussed development of electric and intelligent networked vehicles, the ministry said. The ruling Communist Party is trying to revive investor interest in China's slowing economy. Foreign companies are uneasy following raids on consulting firms and given the strained Chinese relations with Washington. Jin Zhuanglong and Musk exchanged views on the development of new energy vehicles and intelligent networked vehicles, said a statement by the Ministry of Industry and Information Technology. It gave no details. China accounts for half of global electric vehicle sales and is the site of Tesla's first factory outside the United States. On Tuesday, Foreign Minister Qin Gang told Musk during a meeting that China's EV market has broad prospects for development, according to a ministry statement. Tesla opened the first wholly foreign-owned auto factory in China in 2019 after Beijing eased ownership restrictio