elon musk tesla

Tesla Inc is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker. The Elon Musk led U.S. automaker held talks with Indian officials this week on various topics including incentives for car and battery manufacturing, Reuters reported on Thursday, as Tesla looks anew at entering the Indian market. "They are very seriously looking at India as a production…

Tesla Inc. Chief Executive Officer Elon Musk said the electric-car maker will dabble in advertisements, a major departure for the 20-year-old company. “We'll try a little advertising and see how it goes,” Musk said Tuesday at Tesla's annual shareholder meeting in response to an investor's question. Tesla has long prided itself on word-of-mouth among its fan base to market its vehicles. It has built a formidable brand without paying for traditional advertising on television, radio or in newspapers or magazines. Musk…

Elon Musk cannot back out of a settlement with securities regulators that was reached after his 2018 tweets claiming he had secured funding to take Tesla private caused the electric vehicle maker's share price to jump and led to a temporary halt in trading, an appeals court ruled Monday. The summary order by the 2nd U.S. Circuit Court of Appeals in Manhattan was released just days after a three-judge panel heard lawyers' arguments in the case. Musk had challenged a lower court judge's ruling last year requiring him to…

Tesla Inc. has done seemingly nonstop tinkering with its prices this year, moving them lower in dramatic fashion only to occasionally bump them back up. What gives? Chief Executive Officer Elon Musk has said he's willing to prioritize growth over profits, a stance that has made some investors wary and irked more than a few customers who bought before the discounts. There are a number of factors at play here, and a lack of consensus as to whether it all amounts to disruption or desperation. Here's what you need to know:…

Elon Musk-led Tesla is going through a rough period. Yesterday, May 12, safety regulators in China ordered the EV maker to recall 1.1 million vehicles due to an issue in its regenerative braking system. Earlier, questions were raised on its full-self-driving system after Tesla was forced to recall 363000 cars after US safety regulators found that the car did not follow speed limits around intersections. To make matters worse, in a recent interview, Apple cofounder Steve Wozniak criticized Tesla's AI technology and said…

A California judge presiding over a wrongful death lawsuit against Tesla Inc. found it “deeply troubling” that the electric-car maker claims videos of Elon Musk touting Autopilot may not actually be real.Confronted with Tesla's suggestion that some clips could be digitally altered deep fakes and therefore not suitable as evidence, the judge came up with an elegant solution: Put the billionaire entrepreneur and artificial intelligence enthusiast under oath and have him testify as to which statements coming out of his…

Elon Musk is years behind on his ambition to render Tesla Inc.'s cars fully autonomous. He's now saying in no uncertain terms that he's willing to bet the company's profit margins on making it happen.Musk said on a conference call last week that Tesla has the wherewithal to sell cars at “zero profit” and then earn immense sums later off driverless software. The trouble with that for investors? His predictions since at least 2019 that autonomous Teslas are just around the corner haven't panned out. “We're the only ones…

Thinning profits at Tesla Inc. and signs of broader weakness in the US auto industry are sending ominous signals for the US economic outlook.Tesla's troubles are no secret as Elon Musk's company has repeatedly cut prices to lure reluctant buyers. But the problem goes beyond the high-profile electric-vehicle maker: Auto-lending giant Ally Financial Inc.'s first-quarter profit took a hit as it made fewer loans and set aside money for defaults, and dealers AutoNation Inc. and Lithia Motors Inc. sold fewer cars, trucks and…

Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.Tesla will manufacture its Megapack large-scale energy-storage unit in the new facility, which adds to its factory for electric vehicles in Shanghai. The company led by Elon Musk, who is said to be visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai. Tom Zhu, Tesla's senior vice president of automotive, and Shanghai government…

Tesla's stock tends to do well when the electric-car maker is growing like gangbusters and Elon Musk is thrilling fans about a brighter future. The chief executive officer has shaken off a forgettable 2022 of slower expansion and Twitter diversion by slashing prices and scheduling another showcase of Tesla's outlook for the next few years. The moves have worked, at least for the time being. Demand picked back up after Tesla discounted models across its lineup by as much as 20%, and the Musk faithful are frenzied…