Tag: tesla

BUSINESS

Tesla In A Spot Of Bother

Tesla shares have fallen after the electric carmaker revealed that it missed expectations for deliveries and will be cutting its vehicle prices by $2,000 in the US. The price cut, which will apply to Model S, Model X, and Model 3 cars, is in response to a reduction in green tax credits. Tesla said it delivered 90,700 vehicles in the […]

NEWS

Tesla Launches Cybertruck, A Futuristic Electric Pickup Truck

Tesla has unveiled its latest vehicle, the Cybertruck, a futuristic electric pickup truck that boasts high performance and durability. The Cybertruck features a stainless-steel exterior, a glass roof, and a spacious cabin that can seat six people. It also has a range of up to 500 miles, a towing capacity of up to 14,000 pounds, and an acceleration of 0 […]

BUSINESS

Tesla Hits New Sales Record

Tesla reached a new sales record in the second quarter of 2023, with 466,140 vehicles sold worldwide, which, according to Elon Musk’s company, represents an increase of 83% compared to the same period in 2022. Tesla’s vehicle production also increased to 479,700 vehicles in the second quarter of 2023, up from 440,808 vehicles in the previous quarter. Tesla’s sales growth […]

BUSINESS

Tesla Coming To India

Tesla CEO Elon Musk has said the electric carmaker will be in India “as soon as humanly possible.” His comments come against the backdrop of a post-meeting with Indian Prime Minister Narendra Modi, who is on a state visit to the U.S. The Indian government said it had invited Mr. Musk to explore investment opportunities in electric mobility and the […]

BUSINESS

Tesla Set To Recall 362000 U.S. Vehicles

US-based electric vehicle manufacturer Tesla has issued a recall for more than 362,000 US vehicles to update the Full Self-Driving Beta or test software. This comes after US regulators said the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes. The National Highway Traffic Safety Administration (NHTSA) said the Tesla software allows a vehicle […]

BUSINESS

Musk In GiveAway Spree Of $1.95 Billion In Tesla Shares

Tesla CEO Elon Musk donated 11.5 million shares, which is equivalent to $1.9 billion of Tesla stock, to charity last year. The donation would make him the second-largest charitable donor in 2022. Musk’s net worth at the end of 2022 stood at $137 billion, so the donation represented about 1 point 4 percent of his net worth at that time. […]

BUSINESS

The World Richest Man Elon Musk Donates $5.7 Billion To Charity

Elon Musk, the world’s richest man, donated more than 5 million shares of the electric-car maker last November, according to a filing with the U.S. Securities and Exchange Commission. The multi-billion-dollar philanthropic donation is one of the largest in history. The filing did not disclose the name of the charity and showed an unidentified trust was involved in the transaction. […]

NEWS

The UN Food Program Director Shows Musk The Way

Following a challenge by Tesla’s CEO Elon Musk, that he would sell Tesla’s stock to fund a plan if the World Food Program (WFP) could describe “exactly how” it would work, the director of the United Nations’ World Food Program rose to the challenge by laying out a plan showing how his organization would spend $6.6 billion to combat world […]

BUSINESS

Tesla Up The Ante In Profit

Electric car maker Tesla has brushed off supply chain issues and the global microchip shortage to report record quarterly sales and profits. Revenues rose to $13.76 billion in the third quarter of the year, up from $8.77 billion 12 months earlier. The company, led by billionaire entrepreneur Elon Musk, posted a net profit of $1.6 billion and sold 241,391 cars. […]

BUSINESS

Tesla Makes Shares Record

The surge in Tesla Inc. shares in the market recently has placed the company in an enviable position. It became the first publicly listed U.S. automaker to cross $100 billion in market valuation, more than Ford Motor Co. and General Motors Co. combined. In recent weeks, Tesla (NASDAQ: TSLA) stock has been on the gallop. Shares in the electric vehicle […]