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Tesla's Second-Quarter Profit Jumps 20 Percent as Price Cuts Lead to Record Car Sales
Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).
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Elon Musk Hires New Twitter CEO as He Announces to Take Executive Chair, CTO Position
Twitter CEO Elon Musk said on Thursday that he has found a new chief executive for the social media platform without naming his replacement. "Excited to announce that I've a new CEO for X/Twitter. She will be starting in ~6 weeks!," Musk said in a tweet. Musk said he will transition to being "exec chair & CTO, overseeing product, software & sysops"...
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Elon Musk Says Tesla Could Lower Electric Vehicle Prices if Inflation Slows in Future
Tesla Chief Executive Officer Elon Musk said on Friday the electric automaker could lower prices for cars if inflation calms down. Musk, who has over 100 million followers on Twitter, was replying to a tweet on Friday that asked if the company had any plans to lower prices that it had raised to beat the pandemic and supply chain woes.
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Tesla Supplier Panasonic Eyes 20% Jump In Battery Density By 2030
Panasonic Energy, a core Panasonic Holdings unit, plans to achieve those gains by using a new mix of additives to allow individual cells to run at a higher voltage without damaging the batteries' performance.
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Analysis: Soaring Battery Costs Fail To Cool Electric Vehicle Sales
As per estimates global EV sales jumped nearly 120% in the first quarter of 2022 with some manufacturers delivering record numbers
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Viral Video: Failed Stunt Sends Tesla Flying Through Air Before Crashing Into 2 Cars
Hair-raising footage of a Tesla jump gone wrong shows the car launching into the air before smashing into two parked vehicles.
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Free Electric Vehicle Charging for Cars? Here's what each car maker offers
Electric cars are the newest technological development in the automobile industry. While Tesla is one of the leading companies in this sector, other automobile manufacturers have quickly understood the potential of this industry and jumped on the wagon.
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First-Time Owners of Electric Vehicles Reluctant to Switch Back: Survey
First-time owners of electric vehicles were reluctant to switch back to gasoline-fuelled cars even as concerns continued to loom about the availability of charging infrastructure, a report from JD Power showed.
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Ford, GM Shares Jump As Electric Truck Battle Heats Up
Ford's stock jumped more than 11% to its highest level since 2001 after the Detroit automaker said it will nearly double production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles
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Dogecoin Jumps After Elon Musk Tweets Tesla Merchandise 'Buyable' With the Token
Dogecoin jumped after Tesla CEO Elon Musk said the electric carmaker will accept it as payment for merchandise.
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Elon Musk Says Tesla Merchandise 'Buyable' With Dogecoin; Meme Coin Jumps
Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise.
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Hybrid Electric Car Sales Hit Record Highs in the US in 2021, Industry Data Shows
All-electric cars are making all the headlines, but their gasoline-electric hybrid rivals quietly achieved record sales in the United States last year, industry data showed.
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Dogecoin Whale Activity Goes Up 148 Percent After Tesla's DOGE Announcement
Dogecoin's large transactions have jumped as much as 148 percent following the meme coins rise in valuation by 48 percent spurred by Tesla's decision to open up DOGE payments for select merchandise.
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Apple Inches Closer to $3-Trillion Market Cap a Year After Breaching $2-Trillion Mark
Apple is within striking distance of a $3-trillion (roughly Rs. 2,26,34,700 crore) market capitalisation, a milestone which would make it as big as the world's fifth largest economy after Germany.
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Tesla CEO Elon Musk Exercises More Options, Sells $973 Million in Stock for Taxes
Tesla CEO Elon Musk sold another $973 million (roughly Rs. 7,245 crore) in stock to pay taxes after exercising options, filings showed after the electric vehicle maker's shares rebounded during regular trade.
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Tesla's Second-Quarter Profit Jumps 20 Percent as Price Cuts Lead to Record Car Sales
Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).
-
Elon Musk Hires New Twitter CEO as He Announces to Take Executive Chair, CTO Position
Twitter CEO Elon Musk said on Thursday that he has found a new chief executive for the social media platform without naming his replacement. "Excited to announce that I've a new CEO for X/Twitter. She will be starting in ~6 weeks!," Musk said in a tweet. Musk said he will transition to being "exec chair & CTO, overseeing product, software & sysops"...
-
Elon Musk Says Tesla Could Lower Electric Vehicle Prices if Inflation Slows in Future
Tesla Chief Executive Officer Elon Musk said on Friday the electric automaker could lower prices for cars if inflation calms down. Musk, who has over 100 million followers on Twitter, was replying to a tweet on Friday that asked if the company had any plans to lower prices that it had raised to beat the pandemic and supply chain woes.
-
Tesla Supplier Panasonic Eyes 20% Jump In Battery Density By 2030
Panasonic Energy, a core Panasonic Holdings unit, plans to achieve those gains by using a new mix of additives to allow individual cells to run at a higher voltage without damaging the batteries' performance.
-
Analysis: Soaring Battery Costs Fail To Cool Electric Vehicle Sales
As per estimates global EV sales jumped nearly 120% in the first quarter of 2022 with some manufacturers delivering record numbers
-
Viral Video: Failed Stunt Sends Tesla Flying Through Air Before Crashing Into 2 Cars
Hair-raising footage of a Tesla jump gone wrong shows the car launching into the air before smashing into two parked vehicles.
-
Free Electric Vehicle Charging for Cars? Here's what each car maker offers
Electric cars are the newest technological development in the automobile industry. While Tesla is one of the leading companies in this sector, other automobile manufacturers have quickly understood the potential of this industry and jumped on the wagon.
-
First-Time Owners of Electric Vehicles Reluctant to Switch Back: Survey
First-time owners of electric vehicles were reluctant to switch back to gasoline-fuelled cars even as concerns continued to loom about the availability of charging infrastructure, a report from JD Power showed.
-
Ford, GM Shares Jump As Electric Truck Battle Heats Up
Ford's stock jumped more than 11% to its highest level since 2001 after the Detroit automaker said it will nearly double production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles
-
Dogecoin Jumps After Elon Musk Tweets Tesla Merchandise 'Buyable' With the Token
Dogecoin jumped after Tesla CEO Elon Musk said the electric carmaker will accept it as payment for merchandise.
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Elon Musk Says Tesla Merchandise 'Buyable' With Dogecoin; Meme Coin Jumps
Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise.
-
Hybrid Electric Car Sales Hit Record Highs in the US in 2021, Industry Data Shows
All-electric cars are making all the headlines, but their gasoline-electric hybrid rivals quietly achieved record sales in the United States last year, industry data showed.
-
Dogecoin Whale Activity Goes Up 148 Percent After Tesla's DOGE Announcement
Dogecoin's large transactions have jumped as much as 148 percent following the meme coins rise in valuation by 48 percent spurred by Tesla's decision to open up DOGE payments for select merchandise.
-
Apple Inches Closer to $3-Trillion Market Cap a Year After Breaching $2-Trillion Mark
Apple is within striking distance of a $3-trillion (roughly Rs. 2,26,34,700 crore) market capitalisation, a milestone which would make it as big as the world's fifth largest economy after Germany.
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Tesla CEO Elon Musk Exercises More Options, Sells $973 Million in Stock for Taxes
Tesla CEO Elon Musk sold another $973 million (roughly Rs. 7,245 crore) in stock to pay taxes after exercising options, filings showed after the electric vehicle maker's shares rebounded during regular trade.
