Page 3 - Tesla

Tesla Group and SRAM & MRAM to build EV battery gigafactories in India

Battery energy storage systems maker Tesla Group a. s. and SRAM &AM Group, a global leader in technology and sustainable development, have inked a USD 1 billion agreement to set up electric vehicle battery facilities in India and other countries, according to a company official. As per the agreement, a total of five EV battery factories, also called gigafactories, will be set up in India and 15 other countries such as the US, Malaysia, Oman, Brazil, the UAE, and Cambodia, Sailesh L Hiranandani, Chairman of SRAM &AM Group, said in a statement. "The collaboration will create one of the largest battery manufacturing and storage supply chains for electric vehicles (EVs) globally," he added. SRAM &AM Group will lead efforts to secure single-window approvals, grants, subsidies, tax incentives, and local partnerships, while TESLA Group a.s. will oversee the design, engineering, and construction of these cutting-edge facilities to ensure seamless execution, he said. "By combining

Tesla faces probe as parents say faulty doors trapped children inside

Federal auto safety regulators opened an investigation Tuesday into possible defects in Tesla doors that have reportedly left parents with children trapped in the back seat and forced to break windows to get them out. The National Highway Traffic Safety Administration said the preliminary probe is focused on 2021 Tesla Model Ys after receiving nine reports of electronic door handles not working possibly due to low battery voltage. The company run by billionaire Elon Musk has installed manual door releases inside the vehicles but NHTSA noted that a child may not be able to reach or know how to operate the releases. In four cases, the parents had to break the windows to get inside. The investigation into Tesla's most popular model comes after numerous reported incidents in recent years of other problems with opening Tesla doors, sometime trapping drivers in burning vehicles after accidents and a loss of power. In April, a college basketball recruit said he was fighting time trying to

No more Trump BFF, Elon Musk nearly recovers wealth lost earlier this year

Elon Musk's net worth has rebounded to around $430 billion after a rocky year of political controversies, Tesla stock swings, and a public falling-out with US President Donald Trump

Tesla market share in US drops to lowest since 2017 as competition heats up

The decline highlights the threat from automakers ramping up EV incentives at a difficult time for the industry

Elon Musk to be world's first trillionaire with new compensation package?

Tesla has proposed a $1-trillion performance award for Elon Musk, granting him 12% of shares if the company's market cap hits $8.5 trillion and key milestones are met

Tesla's India sales fall short with only 600 cars ordered since July

The electric vehicle maker now intends to ship between 350 and 500 cars to India this year, with the first batch expected to arrive from Shanghai in early September

Tesla's sales rout in some European markets extends to eighth month

Registrations of new Tesla cars in France were down 47.3% in August from August 2024, while the overall car market grew nearly 2.2%, data showed on Monday

Tesla sees retail exodus in South Korea as investors turn to crypto

The exodus signaled waning enthusiasm among one of Tesla's most loyal global retail bases, whose buying sprees once amplified the stock's rallies

Tesla EU sales plunge 40% in July as anger at Musk drives 7th monthly drop

Europeans angry at Elon Musk still aren't buying his cars months after the billionaire predicted a major rebound in Tesla sales, data released Thursday shows. Tesla sales plunged 40 per cent in July in the 27 European Union countries compared with the year earlier even as sales overall of electric vehicle soared, according to the European Automobile Manufacturers' Association. Meanwhile sales of Chinese rival BYD continued to climb fast, grabbing 1.1 per cent market share of all car sales in the month versus Tesla's 0.7 per cent. Tesla stock fell 1.5 per cent in afternoon trading Thursday. Musk angered many Europeans by wading into politics there, embracing far-right candidates, calling a British prime minister an evil tyrant who belongs in prison and telling Germans things will get very, very much worse in their country if they didn't vote for the anti-immigrant Alternative for Germany party. Protests broke out in several cities, including a hanging of the billionaire in effigy in

China's Tesla rival Unitree's H1 wins humanoid race at Beijing showcase

The three-day event hosted in the Chinese capital is the latest showcase for the nation's challengers to Tesla Inc and other US companies developing products in the emerging field of advanced robotics

Tesla opens showroom in Delhi Aerocity, EV deliveries to begin by Sept

Tesla to open its first NCR showroom in Delhi's Aerocity, marking its second India outlet in a month; Model Y will be on display and sale

Tesla disbands Dojo supercomputer team as leader Peter Bannon exits

The team has lost about 20 workers recently to newly formed DensityAI, and remaining Dojo workers are being reassigned to other data center and compute projects within Tesla

Tesla bets big on NCR: ₹40 lakh/monthly lease inked in Gurugram for 9 years

Tesla has paid a security deposit of ₹2.41 crore for the property

Elon Musk, Tesla sued by shareholders over concealing Robotaxi risks

Tesla and Elon Musk face a shareholder lawsuit alleging fraud for hiding safety risks linked to Robotaxi and self-driving tech, following a flawed public test and a $68 bn drop in market value

Tesla's brand loyalty collapsed after Musk backed Trump, shows data

That industry-leading brand loyalty rate started to nosedive in July, that data showed, when Musk endorsed Trump following an assassination attempt in Pennsylvania on the Republican nominee

Elon Musk gets $29 billion stock award from Tesla under interim pay plan

The move follows a 2024 ruling by a Delaware court that invalidated Musk's 2018 compensation package-worth more than $50 billion-on the grounds that the Tesla board's approval process was flawed

Tesla to open second India showroom in Delhi's Aerocity on Aug 11: Report

Tesla will open its second showroom in India at Delhi's Aerocity on August 11, following its Mumbai launch and Model Y debut

BMW strikes back at Tesla with tech-loaded, longer-range iX3 EV launch

The sport utility vehicle, called the iX3, will be the first of 40 new or updated models that share slick software, high-performance computers and radically different design cues

Jury orders Tesla to pay more than $200 million in Autopilot crash case

A Miami jury decided that Elon Musk's car company Tesla was partly responsible for a deadly crash in Florida involving its Autopilot driver assist technology and must pay the victims more than USD 200 million in punitive damages. The federal jury held that Tesla bore significant responsibility because its technology failed and that not all the blame can be put on a reckless driver, even one who admitted he was distracted by his cell phone before hitting a young couple out gazing at the stars. The decision comes as Musk seeks to convince Americans his cars are safe enough to drive on their own as he plans to roll out a driverless taxi service in several cities in the coming months. The decision ends a four-year long case remarkable not just in its outcome but that it even made it to trial. Many similar cases against Tesla have been dismissed and, when that didn't happen, settled by the company to avoid the spotlight of a trial. This will open the floodgates, said Miguel Custodio, a

Tesla sales slump again in Europe despite revamped Model Y rollout

Tesla's aging lineup is facing a wave of low-cost EV rivals, especially from China