Page 7 - Tesla

Tesla chair denies report that EV maker seeks new CEO to replace Musk

Musk said on X the report was a 'deliberately false article'. Activist investors have long accused Tesla's board of lacking independence and failing to rein in Musk

DOGE 'should definitely' examine Federal Reserve costs, says Musk

Musk's suggestion that DOGE should examine the Fed is the latest example of how President Donald Trump is aiming to exert more political control over the independent central bank

Tesla board rejects new CEO search reports, backs Musk to lead growth plans

According to WSJ report, Tesla's eight-member board is also seeking to appoint an independent director

Musk nears end of 130-day DOGE stint, $113 billion wealth wiped out

Tesla's stock dropped 33% since inauguration. The EV maker's sales plummeted

Tesla refunds early India bookings for Model 3 signaling entry is near

The Elon Musk-led car maker is refunding the years-old bookings since the older generation of the Model 3 is being discontinued

BYD Q1 results: Net income jumps to $1.3 billion, overtakes Tesla

Considering the first three months of the year are generally the slowest for Chinese automakers, with the period containing the long Lunar New Year holiday, BYD looks set for a strong 2025

Ex-Tesla hand steers San Fransisco-based Zeno into India e-motorcycle race

First model to roll out at mass-market prices by Q4 2025

Tesla's Q1 slump sees Musk shifting focus, but challenges loom for company

The bigger problem is that Tesla's ageing vehicle lineup has collided with increasing competition, something that Musk's DOGE duties compounded but did not create

Musk to spend less time at DOGE as Tesla's Q1 profits drop sharply

US billionaire and Tesla CEO Elon Musk's role in the Trump administration and his drive to cut federal spending have sparked widespread criticism and global protests

Tesla bull issues 'code red,' urges Musk to step back from DOGE role

Tesla shares have fallen 43 per cent since January 17. When the company reports earnings Tuesday, it will face questions about volume sales for 2025

Tesla owner files class-action suit over warranty-voiding odometers

A Tesla owner is suing the company, claiming odometers were altered to end warranties faster, and is seeking a class-action lawsuit for all affected drivers

Modi speaks to Elon Musk amid tariff tensions, stresses India-US tech ties

PM Modi has a phone call with Elon Musk, assuring public that collaboration with US companies continues amid Trump's tariff war

After Musk's criticism, South Africa paves way for Starlink's entry

South African official is paving the way for Starlink, and other similar providers, to operate in the country through an alternative to the requirement of Black ownership

Tesla halts Model S, Model X orders in China as sales drop and tariffs bite

Tesla has removed the 'order now' option for Model S and Model X in China as it battles falling sales, rising local competition, and deepening US-China trade tensions

Tesla launches in Saudi Arabia with 1st showroom, service centre in Riyadh

Tesla has officially launched in Saudi Arabia, marking a new chapter in the company's global expansion after Elon Musk's troubled relationship with the kingdom but the Middle East country's extreme heat could pose a challenge for its electric vehicle performance and battery efficiency. Musk and Saudi Arabia have had a complicated history. Back in 2018, the Tesla CEO claimed he had secured funding from the kingdom's sovereign wealth fund to take the company private. That deal never happened, leading to lingering tensions. With the launch of its first showroom and service centre in Saudi capital Riyadh on Thursday, Tesla makes its long-anticipated entry into the Saudi market. The facility will offer models, including Model 3, Model Y and the Cybertruck, and pop-up stores are also opening in Riyadh, Jeddah, and Dammam. The Riyadh event drew a large and diverse crowd from content creators and car enthusiasts to visitors excited about Tesla's launch. It's a beautiful step we've been .

Tesla set to enter Saudi Arabia as Musk mends relations with the kingdom

The company will showcase its model lineup, plus prototypes of its Cybercab and the humanoid robot Optimus, at a launch event in Riyadh

'Boys will be boys': White House on Elon Musk vs Peter Navarro tariff clash

Peter Navarro rejected Elon Musk's call for 'zero tariffs' with Europe, labelling him a 'car assembler'. Musk fired back, calling Navarro a 'moron'

Tariffs take a toll: Musk's wealth drops below $300 bn amid market slump

Elon Musk's net worth dips to $298 billion after Trump's tariff move triggers global market selloff; Tesla stock plunges over 50 per cent, wiping out 2025 gains

Tesla's entry will boost India EV market, competition not a concern: BMW

BMW Group India is unfazed by the prospect of Tesla entering the electric vehicle market here and feels it will help grow the segment, according to its Managing Director and CEO Vikram Pawah. The group, which sold a total of 1,249 units of electric cars in India across two brands -- BMW and MINI -- has already sold 646 units in the first quarter of 2025 and is keeping its forecast of 15 per cent of its total sales in India coming from EVs, Pawah told PTI in an interview. "I think the market should grow. Anytime there's more competition, we've seen that the market grows," he said when asked how BMW is looking at how the EV market will shape up with Tesla entering India. When asked about competition from the American electric car maker, Pawah said,"In all the markets in the world, we coexist. We all coexist and you can see last year figures worldwide, we were the ones who were growing. We grew in electric sales worldwide." Not many manufacturers can talk about growth in electric

Tesla sales plunge 13% to nearly three-year low amid growing challenges

The stumbling sales during the first quarter indicate that the one-time leading brand is reeling from the fallout of the company delaying launches for years, and Musk's foray into politics