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Searched Tag: tesla

EV sales slide as incentives cut, myths persist

October 16, 2024, 10:11 AM - 6 min read

Electric vehicle fires have made headlines globally. This has created doubts among consumers about the risks of owning them.

Tesla Cybercab Promises Low Cost and High Safety.

Elon Musk launches Tesla Cybercab, Robovan and robot

October 11, 2024, 07:21 PM - 3 min read

Elon Musk recently made waves in the automotive and technology sectors by unveiling Tesla's first Cybercab, along with a futuristic Robovan and a prototype of an advanced robot.

Tesla and SpaceX visionary and owner Elon Musk (L), Indian business tycoon Gautam Adani (R).

Musk to become world's first trillionaire, Adani just behind

September 9, 2024, 12:15 PM - 2 min read

A select few companies, such as Microsoft, Nvidia, Apple, Alphabet, Amazon, Saudi Aramco, and Meta, have crossed the $1 trillion valuation mark.

Billionaire Elon Musk announced on Monday that he would ban Apple devices at his companies if the iPhone maker integrates OpenAI technology at the operating system level.

Musk threatens to ban apple over Open AI deal

June 11, 2024, 06:20 PM - 2 min read

"It's patently absurd that Apple isn't smart enough to make their own AI, yet is somehow capable of ensuring that OpenAI will protect your security & privacy!" Musk commented on X.

Elon Musk's surprise visit to Beijing has sparked intrigue as Tesla navigates challenges stemming from a global slowdown in electric car sales and fierce competition from Chinese counterparts

Elon Musk holds talks in China amid trade tensions: Eyes self-driving technology rollout

April 29, 2024, 09:43 AM - 2 min read

Musk is seeking approval to transfer driving data collected by Tesla in China to the US, where the company houses its advanced autonomous driving technology. This move would enable Tesla to enhance its "autopilot" software and potentially deploy the "full self-driving" version in China.

The race to deploy humanoid robots is heating up as major automakers and tech giants intensify their efforts to bring these futuristic machines into reality.

From coffee making to T-shirt folding, Humanoid Robots take center stage

April 24, 2024, 01:13 PM - 2 min read

In September 2022, the company revealed the first generation of its Optimus robot, affectionately dubbed Bumblebee. This year, Tesla showcased a second-generation prototype of the bipedal robot, demonstrating its ability to perform tasks such as folding a T-shirt.

Tesla has initiated a voluntary recall of nearly 4,000 Cybertrucks following reports of a fault that could cause the accelerator to become jammed, according to the US National Highway Traffic Safety Administration (NHTSA).

Tesla recalls nearly 4,000 cybertrucks due to accelerator jamming issues

April 22, 2024, 09:32 AM - 2 min read

The root cause of the fault has been attributed to an "unapproved change" in the vehicle's production process, where soap was introduced to the component assembly. This alteration inadvertently reduced the retention of the pedal pad, resulting in the potential for it to dislodge under high force.

Tesla CEO Elon Musk is set to announce a significant investment in India amounting to $2-$3 billion, primarily aimed at establishing a new factory, according to sources familiar with the discussions.

Elon Musk to announce $3 billion investment during India visit: Report

April 17, 2024, 06:09 PM - 2 min read

Despite the nascent state of India’s EV market, which accounted for just 2% of total car sales in 2023, the government has set ambitious targets aiming for 30% of new cars to be electric by 2030.

Tesla’s market value plummeted below the $500 billion mark on Tuesday with stock closed down 2.7% at $157.11 in New York trading, marking a worrisome decline for investors who had been bullish on the company's prospects

Tesla's market value dips below $500 billion signaling trouble ahead

April 17, 2024, 12:08 PM - 2 min read

The latest blow to Tesla's market standing came with the announcement of substantial job cuts, further highlighting concerns about the company's demand outlook. Analysts have pointed to a series of challenges facing Tesla, including a slowing demand for EVs and the company's decision to pivot away from plans for a cheaper EV toward the development of a "robotaxi."

The leading electric vehicle manufacturer, Tesla is set to lay off more than 10% of its workforce, according to a report from tech publication Electrek.

Tesla to lay off more than 10% of its staff amid market challenges

April 15, 2024, 06:03 PM - 2 min read

The reported layoffs are expected to affect approximately 15,000 workers. Tesla, which boasted 1,40,473 employees globally as of December 2023, as per its latest annual report is undergoing this restructuring as it prepares for its next phase of growth.

Elon Musk to meet PM Modi, announce mega investment plans: Report

April 11, 2024, 12:23 AM - 2 min read

The X owner, accompanied by other top Tesla executives, is reportedly to make an announcement about his investment plans and the setting up of a potential $2–3 billion manufacturing plant in the country during his visit this month.