Tesla wants to begin selling imported cars in India this year but says taxes in the country are among the highest in the world.
The Tesla CEO also confirmed that he has a significant personal investment into bitcoin on top of Tesla’s investment and he has smaller Ethereum and Dogecoin holdings.
Tesla also produced 145,036 vehicles during the third quarter — a huge increase over the 82,272 vehicles that were made during the second quarter this year amid pandemic.
Reacting to a tweet by Tesla Club India that is there a India team working on the next year for sure scheduled Tesla entry, Musk said: “Will release order configurator probably in Jan”.
Musk revealed his plans to bring Tesla cars to India in his response to a Twitter post that asked about the progress on Tesla’s planned entry into India.
The move that could help smaller investors afford Tesla stock resulted in Tesla stock surging 7 per cent in the extended session on Tuesday.
Tesla shares were up more than 4 per cent in after-hours trading on Wednesday as the company beat Wall Street expectations.
Shares of the California-based Tesla were up nearly 7 per cent 6.8% in the morning trade.
Furloughed employees will remain employees of Tesla without pay and will receive their healthcare benefit.
Tesla and SpaceX CEO noted that he could not afford to pay for a mechanic to fix his car, so he did it himself with junkyard parts.
San Francisco: Peter Thiel, a Trump supporter and entrepreneur has called Tesla CEO Elon Musk, a “negative role model” due to his many innovations which make him difficult to emulate. Thiel while debating the question: “Has true innovation stalled?” with Robert Metcalfe, professor at University of Texas during UCLA’s Internet50[Read More…]
The estimated cost of a 2,000-square-foot solar roof is $33,950 and comes with a 25-year warranty.
India has taken a slew of measures to promote the use electric cars in the country. It recently slashed Goods and services tax (GST) on electric vehicles to five per cent from earlier 12 per cent.
Tesla has already unveiled games that drivers can play on the displays in their cars
Tesla reported revenue of $6.3 billion — a significant improvement from Q2 last year when it reported revenue of $4 billion
Adam Koszary, the programme manager for The Museum of English Rural Life, run by the University of Reading, will join Tesla in July.
The crash, which happened on March 1 in Florida, killed the 50-year-old Tesla driver Jeremy Beren Banner.
Last month, a viral footage showed a Tesla Model S appearing to explode at a car park in Shanghai.
The new cost-cutting initiative involves examining every payment, including “parts, salary, travel expenses, and rent.”
San Francisco: Tesla Founder and CEO Elon Musk could not hold his displeasure over Warren Buffett’s remarks that selling insurance is not Tesla’s cup of tea, leading to a couple of tweets related to the billionaire investor. The Berkshire Founder and CEO Buffett, during the Berkshire Hathaway annual meeting last[Read More…]
San Francisco: Tesla CEO Elon Musk has said that the electric car maker is ready to fly autonomous robotaxis from 2020. Making a series of bold predictions during the Tesla Autonomy Day at the Palo Alto-based headquarters late on Monday, Musk said the company expects to get necessary approvals by[Read More…]
After investigating, the Tesla board found that there was no evidence of a physical altercation.
Model Y, being an SUV, is about 10 per cent bigger than Model 3.
San Francisco: Elon Musk-founded electric car maker Tesla has announced an entry-level Model 3 sedan for $35,000 that will have a top speed of 130 miles per hour with 220 miles of range. The announcement came a day after Elon Musk changed his Twitter handle to Elon Tusk to the[Read More…]
Beijing, Electric car maker Tesla CEO Elon Musk on Monday said he was set to lay the foundation of a Tesla Gigafactory in China that is expected to produce 500,000 electric vehicles per year — doubling the production capacity of Tesla. “Looking forward to breaking ground on the @Tesla Shanghai[Read More…]