What numbers tell: Elon Musk might need India now
Tesla CEO Elon Musk earlier this year canceled a planned visit to India citing heavy obligations. Despite initial plans, Tesla hasn't re-engaged with India, reportedly due to capital issues. India's EV policy might shift focus to reward other investors. Key Points
Economic TimesElon Musk invites billionaire Warren Buffett to invest in Tesla
Buffett’s Berkshire Hathaway has a stake in Chinese EV maker BYD. Elon Musk, on Monday, invited billionaire investor Warren Buffett to come and invest in... Key Points
The Tribune IndiaElon Musk invites billionaire Warren Buffett to invest in Tesla
Buffett’s Berkshire Hathaway has a stake in Chinese EV maker BYD. Elon Musk, on Monday, invited billionaire investor Warren Buffett to come and invest in... Key Points
The Tribune IndiaElon Musk’s Tesla is firing 14,000 employees, says this will help the company save costs and innovate
Tesla is firing thousands of employees. The company's CEO Elon Musk has sent out an email to employees to inform them about the layoffs that will impact more than 10 percent of Tesla workforce. Key Points
India TodayGovt reportedly expediting Starlink's license ahead of Elon Musk's India visit. All we know so far
Elon Musk to visit India for 48 hours, making key announcements related to Tesla and Starlink. DoT expediting granting license to Starlink service, considering security issues. Musk expected to meet PM Modi and other officials, seeking reduction in import duties on electric vehicles. Key Points
mint
Telangana govt in talks with Tesla to set up electric car plant
Telangana government actively pursues Tesla for plant establishment, focusing on major investments. Efforts include ongoing dialogue, showcasing industry-friendly policies, and urging Tesla's visit to Hyderabad for proposed investments. Key Points
Economic TimesA pivot to China saved Elon Musk. It also binds him to Beijing.
Elon Musk's intricate relationship with China through Tesla's Shanghai venture showcases both success and challenges. Musk's endeavors, including SpaceX and the X platform, intertwine with China, raising questions about influence and financial exposure. Key Points
Economic TimesWhy Modi govt’s big bet on Elon Musk in India might just work
On the one hand, this looks like business as usual. Officials have made a habit of using the supposed potential of the domestic market as an inducement for foreign investors. The stick of high tariffs together with the carrot of possible consumer demand growth should be enough to lure in people like Musk, they think. That said, theres a deeper story to be told here. Key Points
Economic TimesModi’s Big Bet on Musk in India Might Just Work
The government is a believer in the transformative potential of a single large investor. It was a success with Apple and TSMC, and it may well be with Tesla, too. Key Points
mintTesla’s troubles raise questions about its invincibility
There are proliferating signs that Tesla may not be as unstoppable as it once seemed. The companys car sales are no longer growing at a torrid pace. Chinese automakers and established brands such as BMW and Volkswagen are flooding the market with electric cars. And Tesla has been slow to respond with new models. Key Points
Economic Times
Elon Musk loses world’s richest person title to Jeff Bezos
Elon Musk lost his position as the world's richest person to Jeff Bezos. The wealth gap between them has been shrinking as Amazon shares rise and Tesla shares fall. Bezos is now the largest shareholder of Amazon with a net worth of $200.3 billion. Key Points
Economic TimesElon Musk Says a Cheaper Tesla Model Is Coming in 2025 as Chinese Competition Intensifies
A low-cost model of Tesla will launch in 2025, CEO Elon Musk told investors. It could help the EV maker compete with BYD and other surging Chinese automakers. Key Points
WIREDElon Musk’s $50 billion Tesla pay was struck down. What happens next?
International Business News: A landmark court ruling cancels Elon Musk's $50 billion Tesla stock options, putting the company in a precarious position. Find out what happens next and the implications for Tesla's future. Key Points
Times Of IndiaTesla to recall 200,000 vehicles in US to fix rearview glitch: NHTSA
Tesla is recalling around 200,000 Model S, X, and Y vehicles in the U.S. due to a software malfunction that could affect drivers' visibility while reversing. This comes after a recent recall to update Autopilot safeguards. Tesla has released a software update to address the issue. Key Points
Economic TimesTesla recalling nearly 200,000 vehicles in United States because software glitch can cause backup camera to go dark
Recall covers certain Models Y, S and X from the 2023 model year. Tesla recalling nearly 200,000 vehicles because software glitch can cause backup camera to go... Key Points
The Tribune India
Elon Musk is scared that he could be fired from Tesla, says he could be voted out by…
Elon Musk, the CEO of Tesla, has voiced apprehensions about the possibility of being ousted from his position at the company. During an earnings call on Wednesday, Musk highlighted the size of his stake in Tesla and the potential vulnerability it poses to his leadership role. Key Points
India TodayElon Musk Says a Cheaper Tesla Model Is Coming in 2025 as Chinese Competition Intensifies
A low-cost model of Tesla will launch in 2025, CEO Elon Musk told investors. It could help the EV maker compete with BYD and other surging Chinese automakers. Key Points
WIREDTelangana CM Revanth Reddy says state in talks to bring Tesla & BYD to Hyderabad
CM Reddy, of late has signed multicrore deals with conglomerates, such as the Adani Group, JSW, Tata Technologies, BL Agro, and others. The World Economic Forum has also agreed to set up its Centre for Fourth Industrial Revolution (C4IR) in Hyderabad. Key Points
Business TodayLord Rama devotees hold Tesla music show in US
Washington: A week ahead of the grand consecration of the Ram Mandir in Ayodhya, devotees of Lord Rama organised car rallies in 21 cities across the US. In... Key Points
The Tribune IndiaTesla gets a $94 billion reality check as EV winter sets in
The hit to Teslas market capitalization to start the year is the biggest the company has seen over a similar period since it went public in 2010. In percentage terms, Teslas 12% drop since the start of January is the worst since 2016, when the stock fell 14% over the first nine trading days of the year. Key Points
Economic Times
Tesla, SpaceX board members concerned about Elon Musk's 'illegal drug use': Report
Elon Musk's volatile behavior, often attributed to stress and sleeplessness, may also be influenced by his reported drug use, including LSD, cocaine, ecstasy, and psychedelic mushrooms. Tesla board members have discussed his drug use, but no formal concerns have been raised. Key Points
mintTesla SUV spotted in Bengaluru traffic, Netizens say, ‘Did no one break the glass?’
Social media users in Bengaluru reacted with humor after spotting a Tesla Model X in the city's traffic. Some speculated that the vehicle was privately owned, while others suggested it was being used for test drives. Key Points
mintNew EV policy in works, talks on with global carmakers: Official
The government is actively engaging with both domestic and international stakeholders to formulate a policy aimed at boosting the local production of electric vehicles (EVs). Discussions are underway to involve potential investors from countries like Germany, the UK, and South Korea. Key Points
Economic TimesAustin, we have a problem! Tesla descends into battery hell
Sources told Reuters that Tesla is struggling to make batteries for its new pickup the Cybertruck. Tesla's Giga Texas factory is currently churning out 4680 battery cells at rate only sufficient to power about 24,000 Cybertrucks a year, or about a 10th of the required output, Reuters claimed. Key Points
Economic TimesTesla’s Cybertruck Is Here and It Costs $61,000
Elon Musk personally handed over the first Cybertrucks to reach customers at a delivery event in Austin today. Tesla also revealed the price and specs of its latest EV. Key Points
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Tesla sues Sweden over blocked license plates, business daily DI reports
Tesla (TSLA.O) has filed a lawsuit against the Swedish government's Transport Agency over a workers' strike that has blocked the U.S. auto maker's requests for license plates for new vehicles, business daily Dagens Industri reported on Monday. Key Points
ReutersIndian government closing in on agreement with Elon Musk's Tesla, announcement likely in January
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 Indian government’s thinking. Key Points
mintMade-in-India Tesla inches closer: Agreement with Musk's co in works
India is close to an agreement with Tesla, allowing the US automaker to ship its electric cars to the country and set up a factory within two years. The announcement could come at the Vibrant Gujarat Global Summit in January. Tesla would commit an initial minimum investment of around $2 billion in any plant and look to increase purchases of auto parts from the nation to as much as $15 billion. Key Points
Economic TimesPiyush Goyal visits Elon Musk-owned Tesla’s EV manufacturing plant in the US; check photos
Piyush Goyal at Tesla: India’s Commerce and Industry Minister Piyush Goyal visited Tesla's manufacturing facility in Fremont, California. Due to health related issues, Tesla CEO Elon Musk was not present during Goyal’s visit at the plant, for which the head of the EV manufacturing company apologized. Tesla has been trying to enter the Indian market, but policy issues have been a hurdle. We take a look at some photos from Piyush Goyal’s visit to the Tesla plant in California: Key Points
Times of IndiaTesla to double its components imports from India - Trade Minister
U.S. electric car maker Tesla Inc (TSLA.O) is planning to double the number of components it imports from India, Indian trade minister Piyush Goyal said on Tuesday through a post on social media platform X. Key Points
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Tesla to build 25,000-euro car in Germany - source
Tesla (TSLA.O) plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. Key Points
ReutersSwedish Ports Threaten to Block Teslas From Entering the Country
Tesla is failing to play by Swedish labor rules, unions claim. Now a strike that started with mechanics is starting to spread. Key Points
WIREDTesla shares overvalued but 2 bad days away from becoming a buy: Aswath Damodaran
At $200 a share, Tesla looks overvalued, based upon my story, but it is two bad market days from becoming a buy. I have a limit buy at $180, with the recognition that it may never get there and that I have no margin of safety, Damodaran tweeted. Key Points
Economic TimesTesla wins first US Autopilot trial involving fatal crash
Tesla (TSLA.O) on Tuesday won the first U.S. trial over allegations that its Autopilot driver assistant feature led to a death, a major victory for the automaker as it faces several other similar lawsuits across the country. Key Points
ReutersTesla falls as production cut by battery supplier Panasonic fans EV demand fears
Shares of Tesla (TSLA.O) fell about 5% on Monday after key supplier Panasonic Holdings (6752.T) said it cut automotive battery production in the September quarter, cementing concerns of a global slowdown in electric-vehicle (EV) sales. Key Points
Reuters
Tesla unveils limited-edition CyberBeer set: A unique offering in their online shop
Tesla has launched a limited-edition Tesla CyberBeer set, priced at $150. The set includes two bottles of the exclusive Helles Lager and two matte black ceramic CyberSteins. Orders are set to ship in late October. Tesla has previously ventured into exclusive beverages with the $30 GigaBier and $250 branded tequila. The CyberBeer is only available in North America and is crafted by California's Buzzrock Brewing Co. Key Points
Economic TimesHow will lower import tax duties for Tesla EVs impact Indian car makers?
The Indian government is considering a new electric vehicle (EV) policy that would reduce import taxes for car companies, potentially allowing high-end EV manufacturers like Tesla to enter the Indian market. Under the policy, carmakers committed to local manufacturing would receive a substantial tax cut. Presently, cars priced above $40,000 face a 100% import tax, but the new policy could lower the tax rate to as low as 15%. This move could benefit Tesla and other luxury car manufacturers, but may pose challenges for local mass-market car manufacturers. Key Points
Economic TimesElon Musk’s wealth shrinks by $16 billion after Tesla results
International Business News: Tesla CEO Elon Musk experienced a drop in his fortune by $16.1 billion following the company's disappointing Q3 earnings report. Tesla's shares plumme Key Points
Times Of IndiaIndia to give Musk's Tesla & peers what they want, but only if they bet on its production prowess
The Indian government is considering reducing import duty on fully built units for companies like Tesla in order to boost domestic manufacturing. Under the proposed policy regime, technologically advanced vehicle manufacturers would be required to source components locally. The import duty on green cars could be lowered from 100% to as low as 15% if carmakers agree to manufacture their vehicles in India and increase local sourcing of parts. Key Points
Economic TimesTesla earnings: investors watching margins, deliveries, self-driving
Tesla's (TSLA.O) margins are likely to drop in the third quarter and take a bigger hit in the last three months of 2023, leaving investors fretting about more price cuts needed to boost demand. Key Points
Reuters
Israeli man says Tesla EV saved his life from Hamas; Elon Musk reacts
Alper wrote that minutes after the Hamas forces invaded the settlements outside Gaza, C was called to an incident. "He rushed to his Tesla Model 3 Performance and started driving to the assembly point. His Apple Watch was stopped by shrapnel at 6:50. The terrorists recognised him from a distance of 10 yards. Key Points
Business TodayIsraeli man claims Tesla EV saved his life from Hamas militants. Elon Musk reacts
A man in Israel claims that his Tesla saved his life while militants entered his settlement bordering Gaza. After being attacked, he managed to drive his Tesla Model 3 Performance to the hospital gates though the car took over 100 bullets. The man praised the car's acceleration and dual-drive system for keeping him on the road. Key Points
Economic TimesElon Musk's growing legal challenges
Elon Musk was sued by the U.S. securities regulator related to his takeover of Twitter, the latest court battle against the billionaire whose empire spans electric carmaker Tesla (TSLA.O), space startup SpaceX and brain-chip startup Neuralink. Key Points
Reuters