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Tesla shareholders greenlight Elon Musk's $56 billion pay package

Tesla shareholders greenlight Elon Musk's $56 billion pay package

Fri, Jun 14, 2024

Tesla reaffirmed its commitment to Musk's compensation scheme, now valued at $44.9 billion as of April, amidst fluctuating stock prices. In a statement, the electric car manufacturer expressed gratitude for the overwhelming support from its stakeholders for both the CEO's performance award and the company's move to Texas.

Tesla reportedly to cut more than 6,000 jobs in Texas, California; automaker's profit slumps 55% in Q1 results

Tesla reportedly to cut more than 6,000 jobs in Texas, California; automaker's profit slumps 55% in Q1 results

Wed, Apr 24, 2024

Tesla will cut 3,332 jobs in California and eliminate 2,688 positions in Texas, starting June 14, the notices showed. Tesla’s reported a 55 per cent fall in its net profit in the first quarter ended March 2024. The profit fell to $1.13 billion from $2.51 billion a year earlier. Its shares closed up by 1.85 per cent, or $2.63, at $114.68 each at NASDAQ on Tuesday.

Elon Musk Plans India Visit: Set to Meet PM Modi, Discuss Tesla's Future in the Country

Elon Musk Plans India Visit: Set to Meet PM Modi, Discuss Tesla's Future in the Country

Thu, Apr 11, 2024

Entrepreneur Elon Musk is set to visit India this month for a meeting with Prime Minister Narendra Modi. Sources reveal that Musk will be in New Delhi during the week of April 22 to make announcements. While Tesla has not yet responded to requests for comment, Reuters reports that discussions regarding a potential Tesla manufacturing plant in India are underway. Musk's admiration for PM Modi and his efforts to attract investments to India have been previously expressed during their meeting in New York last year.

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Tesla recalls over 4K vehicles due to software issue

Tesla recalls over 4K vehicles due to software issue

Sun, Jan 21, 2024

Owners of affected vehicles are asked to contact Tesla to make an appointment to have the vehicle software version inspected and updated to version 2023.38 or later, free of charge, or update their vehicle's software as they usually do using the main screen, according to the notice.

China's BYD is rivaling Tesla in size. Can it also match its global reach?

China's BYD is rivaling Tesla in size. Can it also match its global reach?

Thu, Jan 04, 2024

BYD Co., based in the southern China tech hub of Shenzhen, dethroned Texas-based Tesla Inc. As the top seller of electric cars in the last three months of 2023, according to sales figures released by the companies this week.

Tesla launches Cybertruck, priced 50% higher than initial estimate

Tesla launches Cybertruck, priced 50% higher than initial estimate

Fri, Dec 01, 2023

The all-wheel-drive Cybertruck comes with a price tag of $79,990, a range of 340 miles, 0-60mph acceleration in 4.1 seconds, and a top speed of 112 mph. The tri-motor variant, priced at $99,990, promises 845 horsepower, 10,296 lb-ft of torque, and a range of around 320 miles.

X Launches New Subscription Tiers To Fight Ad Revenue Loss– Will Elon Musk’s New Strategy Work?

X Launches New Subscription Tiers To Fight Ad Revenue Loss– Will Elon Musk’s New Strategy Work?

Mon, Oct 30, 2023

X is adding two new subscription tiers to its lineup, offering users more choices for how they want to experience the platform. The Premium+ tier costs $16 per month and removes ads from the For You and Following feeds, offers the largest reply boost, and includes revenue-sharing and access to other creator tools. The Basic tier costs $3 per month and includes basic features like the ability to edit posts and post longer text and videos, as well as a small reply boost.

Tesla launches updated Model Y EV in China at same starting price

Tesla launches updated Model Y EV in China at same starting price

Mon, Oct 02, 2023

Tesla Model Y EV follows the revamped "Highland" Model 3 in China, which also hit Europe early last month.

SpaceX refused govt request to activate Starlink to sink Russian fleet: Elon Musk

SpaceX refused govt request to activate Starlink to sink Russian fleet: Elon Musk

Fri, Sep 08, 2023

Musk had said that his Starlink was the only internet service left in Ukraine, and Russia was actively trying to kill it too.

Tesla slashes FSD beta software price to $12K

Tesla slashes FSD beta software price to $12K

Sun, Sep 03, 2023

Tesla owners can buy FSD at reduced price which includes all the “enhanced autopilot” features as well as the ability to detect and (ideally) stop at traffic lights and stop signs.

Made in India Tesla for Rs 20L?

Made in India Tesla for Rs 20L?

Thu, Jul 13, 2023

Tesla's 'Make in India' plan. Tesla preparing to come to India, Tesla car will be available for ₹ 20 lakh

Tesla extends blistering rally after quarterly deliveries beat

Tesla extends blistering rally after quarterly deliveries beat

Tue, Jul 04, 2023

Analysts have said stable demand and efforts to combat supply chain woes by developing an in-house drive unit could help Rivian grab market share in an increasingly crowded market.

Prime Minister Narendra Modi to meet Tesla CEO Elon Musk during US visit: Check full official itinerary of PM's State visit to United States

Prime Minister Narendra Modi to meet Tesla CEO Elon Musk during US visit: Check full official itinerary of PM's State visit to United States

Tue, Jun 20, 2023

Prime Minister Narendra Modi US visit 2023: PM Narendra Modi will be meeting around 24 people, including Nobel laureates, economists, artists, scientists, scholars, entrepreneurs, academicians, health sector experts, and more during his official visit to the US between June 21 an

Elon Musk dethrones Bernard Arnault to reclaim 'World's Richest Person' title

Elon Musk dethrones Bernard Arnault to reclaim 'World's Richest Person' title

Tue, Feb 28, 2023

Bloomberg Billionaires Index places Tesla co-founder at top of rich list after the electric car maker's stock rise over 70% in 2023.

Elon Musk testifies in 2nd day of Tesla tweet trial

Elon Musk testifies in 2nd day of Tesla tweet trial

Tue, Jan 24, 2023

Musk sold nearly USD 23 billion worth of his car company's shares between last April when he started building a position in Twitter, and December.

Tesla shares down 70% this year; Elon Musk tells workers 'not to be bothered'

Tesla shares down 70% this year; Elon Musk tells workers 'not to be bothered'

Thu, Dec 29, 2022

The company's shares rebounded on Wednesday, following an 11% slump in the previous session.

Elon Musk Turns Down Twitter Board Seat

Elon Musk Turns Down Twitter Board Seat

Mon, Apr 11, 2022

Tesla CEO Elon Musk Has Turned Down The Twitter Board Seat, Twitter CEO Parag Agarwal Tweeted. Here all you need to know...

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