Page 29 - Tesla

Tesla lawyers want court to reconsider Musk tweet deemed 'threat'

Lawyers for Tesla have asked a federal appeals court to reconsider its ruling that CEO Elon Musk unlawfully threatened employees with a loss of stock options in a 2018 Twitter post amid a union organizing effort. Three judges on the 5th U.S. Circuit Court of Appeals in New Orleans, in a March ruling, upheld a National Labor Relations Board order that the tweet be deleted. The panel also upheld an order that a fired Tesla employee be rehired with back pay. The case arose from United Auto Workers' organizing efforts at a Tesla facility in Fremont, California. Tesla attorneys want the full 17-member court to rehear the case. The panel ruling, they argue in a Monday evening filing, conflicts with Supreme Court and appellate court precedents regarding First Amendment free speech protections. And they said the employee in the case was properly fired for giving false information during an investigation of employee harassment. Musk tweeted on May 20, 2018: Nothing stopping Tesla team at ou

Senior Tesla executives to visit India this week in pivot beyond China

The executives are scheduled to meet govt representatives including those from the office of Prime Minister Narendra Modi to discuss local sourcing of components for Tesla's models

Musk loses appeal of 'Twitter sitter' dispute with SEC over Tesla posts

The court in Manhattan on Monday ruled against Musk's free speech claims just days after a three-judge panel heard arguments in the case on Thursday

Tesla recalls 1.1 million electric cars from China over braking defect

Some 1.1 million electric cars that Tesla made at its Shanghai factory or imported into China between January 2019 and April this year will need to be fixed

Elon Musk credits father for teaching 'physics, engineering & construction'

Errol Musk had previously claimed in an interview that he used emeralds from an "under the table" mine in Zambia to finance his son's escape from South Africa to America

Elon Musk settles defamation suit brought by Indian-American Sikh

In April 2019, Tesla sought a restraining order against Hothi, alleging that the latter struck an employee with his car in a Tesla factory parking lot -- an accusation that Hothi vehemently denied

Tesla Power inks pact with Indian Oil Corp to sell batteries at petrol pump

Tesla Power USA on Thursday said it has inked an agreement with Indian Oil Corporation Limited (IOCL) to sell and service batteries at the state-owned firm's petrol pumps. The partnership will enable Tesla Power to sell and service batteries at over 36,000 IOCL petrol pumps across India, the US-based firm said in a statement. "This will be the first national-level tie-up with Indian Oil Corporation Ltd for battery distribution. To start with, Tesla Power USA batteries will be available at the select IOCL fuel pumps in the Delhi-NCR region, which will be subsequently expanded to other states," it added. Kavinder Khurana, MD, Tesla Power USA, said his company currently has over 5,000 distribution points in India and aims to double it in 2023. The addition of IOCL petrol pumps can potentially offer Tesla Power USA a distribution reach of over 40,000-mark.

Elon Musk likely to testify under oath about his Autopilot tweets

Musk previously tweeted a 2016 promotional video for Autopilot as evidence that Tesla "drives itself" with "no human input at all"

Musk tweets 'demographics is destiny' as Indian population surpasses China

India's population is projected to be at 1.42 billion or 1,428,600,000 against China's 1,425,700,000. So, India now has 2,900,000 more people than China

Musk's wealth nosedives $12.6 bn after chaos at SpaceX, Tesla, Twitter

Musk still remains the world's second-richest person despite this latest tumble in net worth, behind French tycoon Bernard Arnault

Tesla investors flag mismanagement, demand review of Musk performance

The 17 shareholders, who hold more than $1.5 billion of Tesla stock, said Musk is distracted by his commitments to other companies and must be reined in

Tesla earnings drop 20% but Elon Musk to put sales ahead of profit

Stock tanks 8%; operating margin shrinks to 11.4%, a roughly two-year low, after several price cuts

Tesla's income decreases by 24% to $2.7 billion amid EV price cuts

Tesla's operating income decreased 24 per cent to $2.7 billion in Q1 2023 as the Elon Musk-run EV maker continues to cut prices of its vehicles

Tesla goes for price cut in US for sixth time this year to spur demand

The cuts came ahead of the electric-vehicle maker's first-quarter earnings due on Wednesday and sent the stock down nearly 3 per cent in early trading

Is Tesla coming to India? Users ask as Elon Musk follows PM Modi on Twitter

Musk is the most followed person on Twitter with 134.3 million followers. PM Modi is also among the most followed leaders on Twitter with 87.8 million followers

Tesla new battery plant in Shanghai cements China's place in energy storage

China already had more than 1,400 gigawatt-hours of battery manufacturing capacity, with another 6,000 gigawatt-hours under construction or announced

Tesla to build new Shanghai factory for Megapack battery, says report

The company led by Elon Musk, who is visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai, the report said

Elon Musk to visit China this weekend with possible Tesla plant stop

Musk is travelling with Tom Zhu, who was named Tesla's senior vice president of automotive this month

Tesla cuts prices on EV models for 3rd time this year in US to lure buyers

Tesla cut prices on its entire U.S. electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates. The cuts that appeared Friday on Tesla's website ranged from $5,000 per vehicle for Tesla's slower-selling more expensive models, the S large sedan and the X big SUV. The company lopped $2,000 off the price of the Y small SUV, its most popular model, and added a lower-cost dual-motor version priced at $49,990. The 3 small sedan saw a $1,000 price cut. The moves come as Tesla's first-quarter sales grew 36% but fell short of analysts' expectations. The company said Sunday that it delivered a quarterly record of 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago. But the increase fell short of analyst estimates of 432,000 for the quarter, according to FactSet. A message was left Friday seeking comment from the Austin, Texas-based Tesla on why the prices were cut. Guidehouse Research

Tesla slashes prices of its electric vehicles in US to spur demand

Tesla doubling down on a discount drive against the backdrop of a weakening economy