Page 2 - Tesla

Tesla, Twitter shares drop on potential legal issues against Musk, coup bid

Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk's electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. Twitter shares fell 9.5% for the week, closing Thursday at $45.08. Both stocks have taken a bigger hit than the S&P 500, which is down 4.7% for the week. Along with malaise in the broader markets, investors have had to weigh legal troubles for Musk, as well as the possibility that his acquisition of Twitter could be a distraction from running the world's most valuable automaker. The Wall Street Journal reported Wednesday that U.S. securities regulators are investigating Musk's tardy disclosure that he had bought more than 5% of Twitter shares. Musk now owns more than 9% of the San Francisco company. The SEC wouldn't comment, and a message was left for Musk's ...

From India to Indonesia, Elon Musk scouts for sites to make more Teslas

To meet ambitious electric vehicle targets, Indonesia has drawn in several battery and car manufacturers in recent months with a variety of incentives

Tesla's China sales dive 98% as coronavirus lockdowns take a toll

Tesla's production in the country also slid 81 per cent to 10,757 vehicles in April, compared with 55,462 in March

Tesla recalls 130,000 cars to fix touchscreen issues due to overheating

Electric car-maker Tesla has recalled 130,000 cars to fix touchscreen issues caused by an overheating central processing unit (CPU)

Paytm CEO asks Elon Musk to deliver first Tesla car in India at Taj Mahal

Vijay Shekhar Sharma, however, warned Musk about the challenges of building full-self driven cars on Indian roads because of running into the risk of 'most unruly road users'

Musk's Twitter remark on Indian architecture stirs India visit speculation

His Twitter remark led several Indian Twitter users to respond to Musk's tweet, asking, "Any plans to visit India soon?"

Twitter abuzz over Musk's 'if I die under mysterious circumstances' post

The post came a few days after the Tesla CEO announced acquisition of Twitter for $44 billion.

Adar Poonawalla woos Musk to invest in making Tesla cars in India

Serum Institute of India (SII) CEO Adar Poonawalla on Sunday wooed Elon Musk to invest in India to manufacture Tesla electric cars, saying it will be the best investment he would have ever made.

Twitter to focus more on engineering if acquisition completes: Musk

Tesla CEO Elon Musk has revealed that Twitter will focus deeply on hardcore software engineering, design, and more, following the completion of the acquisition of the micro-blogging site.

Musk takeover: Twitter fears risk of losing advertisers, executives

Twitter has acknowledged for the first time that its core advertising business could be at risk amid the $44 billion takeover by Elon Musk

Tesla can benefit by manufacturing EVs in India: transport minister Gadkari

Union road transport and highways minister Nitin Gadkari on Monday said that if the US-based EV maker Tesla manufactures its electric vehicles in India then the company will also get benefits. Addressing an event here, Gadkari said days are not very far when the prices of all electric vehicles will be less than the cost of petrol vehicles in the country. "Agar Tesla India me electric car manufacture karega toh unka bhi fayda hoga (If Tesla manufactures its electric vehicles in India then they will also get benefits)," he said. Earlier on April 26, Gadkari had said, if Tesla is ready to manufacture its EVs in India then there is 'no problem', but the company must not import cars from China. "If Elon Musk (Tesla CEO) is ready to manufacture in India then there is no problem ... Come to India, start manufacturing, India is a large market, they can export from India," he had said at an interactive session at the Raisina Dialogue. Last year, the heavy industries ministry had also asked

Elon Musk sells Tesla shares worth $8.5 bln, says no more sales planned

He sold about 9.6 million shares this week

China regulator says 14,684 Tesla models recalled for crash risk

Tesla has recalled 14,684 Model 3s due to a software glitch that could cause collisions, China's market regulator said on Friday, in its second recall in the country this month.

Electric scooter fires undermining India's bid to become leader in EVs

The fires in Indian EVs have also sparked debate about India's dependency on imported auto parts that are then assembled locally

Tesla CEO Elon Musk wins $13 bn suit over 2016 Solar City deal

A US judge has sided with Elon Musk in a hefty lawsuit brought by Tesla shareholders, which accused the executive of coercing the electric vehicle company's board into buying SolarCity back in 2016

Will continue to change Twitter 'despite the noise', says CEO Parag Agrawal

Agrawal has earlier said that "Twitter has a purpose and relevance that impacts the entire world"

Funding obscured: The family office behind Musk's $44 bn Twitter buyout

When Elon Musk announced his surprise bid for Twitter Inc earlier this month, he said the social media company should reach out to his family office with any questions.

Tesla manufacturing in India would be a 'win-win' for Musk, India: Gadkari

Dwells on top domestic and global players that are coming up with high-performing electric four-wheelers, points to surging demand for the new tech that Tesla has claimed to champion over past decade

Jeff Bezos takes aim at Musk's $44 bn Twitter deal with China jibe

Bezos drew attention to Tesla's close ties with China, the world's biggest electric vehicle market and home to the company's first overseas factory

Under shareholder pressure, Twitter begins deal talks with Elon Musk

The company's decision to engage with Musk, taken earlier on Sunday, does not mean that it will accept his $54.20 per share bid, the sources said