Electric Cars And Tesla Cars

Tesla shareholder Michael Perry has filed a lawsuit accusing Tesla CEO Elon Musk of insider trading. The shareholder alleges that Musk sold over $7.5 billion of shares of the electric car maker in late 2022, before potentially disappointing production and delivery numbers were made public by the electric car maker. The lawsuit asks a US court to di...

Tesla CEO Elon Musk arrived in Beijing on Sunday, where he is expected to meet senior officials to discuss the rollout of Full Self-Driving software and permission to transfer data overseas, according to a person with knowledge of the matter.

Elon Musk on Wednesday said it is time to "reorganise" Tesla as the electric car company registered $1.1 billion in net income and $21 billion in revenue, down 9 per cent from $23.3 billion from the year-ago period.

Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs.

Tesla CEO Elon Musk has said that India, like every other country, should have electric car and it will be a natural progression for his company to provide Tesla electric vehicles in India.

Tesla CEO Elon Musk has denied a report that the electric car maker had called off plans for a less-expensive vehicle. First teased by Musk in September 2020 during a battery-related event staged by the company, Tesla's failure to deliver the car on time is proving costly.

Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla's Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China.

Xiaomi SU7 (Speed Ultra 7) deliveries will begin this month, according to the company. The smartphone maker said that it has 59 stores in 29 cities in China that will take orders for the electric vehicle that is claimed to be capable of delivering acceleration speeds faster than Tesla and Porsche's EVs.

Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of world's top five automakers. The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system with the company's popular phones.

India is closing in on an agreement with Tesla Inc. that would allow the US automaker to ship its electric cars to the country from next year and set up a factory within two years, according to people familiar with the matter.

While Elon Musk was unable to meet in person due to health reasons, he expressed his honour in having the minister visit and said that he looked forward to a future meeting.

Elon Musk's artificial intelligence startup xAI will be integrated into his social media platform X and also be available as a standalone app, he said on Sunday in a post. The billionaire also said xAI released its first AI model, a bot named Grok, after making it available to all X Premium+ subscribers on Friday.

Tesla said on Monday its capital expenditure for 2023 would exceed the $7 billion to $9 billion target it had laid out earlier this year, as the electric vehicle maker ramps up output at its factories and gears up to roll out new models.

Tesla has drawn up plans to make and sell battery storage systems in India and submitted a proposal to officials seeking incentives to build a factory, two people aware of the plan said, as Elon Musk continues a push to enter the country. Tesla has been in talks about setting up a new electric vehicle (EV) factory in India to build a car priced ar...

BMW AG presented the first prototype of its future electric-vehicle lineup, ringing in a new stage in the fight to catch up to Tesla Inc. and defend sales in its most important market China.

Tesla shareholder Michael Perry has filed a lawsuit accusing Tesla CEO Elon Musk of insider trading. The shareholder alleges that Musk sold over $7.5 billion of shares of the electric car maker in late 2022, before potentially disappointing production and delivery numbers were made public by the electric car maker. The lawsuit asks a US court to di...

Tesla CEO Elon Musk arrived in Beijing on Sunday, where he is expected to meet senior officials to discuss the rollout of Full Self-Driving software and permission to transfer data overseas, according to a person with knowledge of the matter.

Elon Musk on Wednesday said it is time to "reorganise" Tesla as the electric car company registered $1.1 billion in net income and $21 billion in revenue, down 9 per cent from $23.3 billion from the year-ago period.

Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs.

Tesla CEO Elon Musk has said that India, like every other country, should have electric car and it will be a natural progression for his company to provide Tesla electric vehicles in India.

Tesla CEO Elon Musk has denied a report that the electric car maker had called off plans for a less-expensive vehicle. First teased by Musk in September 2020 during a battery-related event staged by the company, Tesla's failure to deliver the car on time is proving costly.

Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla's Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China.

Xiaomi SU7 (Speed Ultra 7) deliveries will begin this month, according to the company. The smartphone maker said that it has 59 stores in 29 cities in China that will take orders for the electric vehicle that is claimed to be capable of delivering acceleration speeds faster than Tesla and Porsche's EVs.

Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of world's top five automakers. The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system with the company's popular phones.

India is closing in on an agreement with Tesla Inc. that would allow the US automaker to ship its electric cars to the country from next year and set up a factory within two years, according to people familiar with the matter.

While Elon Musk was unable to meet in person due to health reasons, he expressed his honour in having the minister visit and said that he looked forward to a future meeting.

Elon Musk's artificial intelligence startup xAI will be integrated into his social media platform X and also be available as a standalone app, he said on Sunday in a post. The billionaire also said xAI released its first AI model, a bot named Grok, after making it available to all X Premium+ subscribers on Friday.

Tesla said on Monday its capital expenditure for 2023 would exceed the $7 billion to $9 billion target it had laid out earlier this year, as the electric vehicle maker ramps up output at its factories and gears up to roll out new models.

Tesla has drawn up plans to make and sell battery storage systems in India and submitted a proposal to officials seeking incentives to build a factory, two people aware of the plan said, as Elon Musk continues a push to enter the country. Tesla has been in talks about setting up a new electric vehicle (EV) factory in India to build a car priced ar...

BMW AG presented the first prototype of its future electric-vehicle lineup, ringing in a new stage in the fight to catch up to Tesla Inc. and defend sales in its most important market China.