NEW DELHI: Elon Musk, the CEO of Tesla, made a subtle comment on Friday in response to news of Israeli strikes on the Iranian city of Isfehan in Central Iran. He suggested that rockets be fired toward the stars rather than at one another.“We should send rockets not at each other, but rather to the…
Tesla will ask shareholders to vote again on the same $56 billion compensation package for CEO Elon Musk that was voided by a Delaware court early this year.In its proxy filing issued on Wednesday, Tesla also said it will call a vote on moving the company’s state of incorporation to Texas from Delaware. The carmaker…
NEW DELHI: Ahead of Starlink-promoter Elon Musk‘s visit to India, the Centre has notified a new Foreign Direct Investment (FDI) limit for various satellite-related activities under Foreign Exchange Management (Non-Debt Instruments) Rules, enabling foreign investors to firm up investment plans in the sector.A notification from the finance ministry said the new rules called the Foreign…
Elon Musk-led Tesla has reportedly inked a strategic deal with Tata Electronics to acquire semiconductor chips for its global operations. This move highlights Tesla’s growing interest in India beyond local revenue generation.ET exclusively reported that the agreement, executed discreetly a few months ago, positions Tata Electronics as a reliable supplier for top-tier global clients looking…
Tamil Nadu will aggressively pitch itself as a manufacturing site for Tesla Inc. as speculation builds about the US company’s planned investments ahead of billionaire Elon Musk’s visit.“Tamil Nadu will be pitching for all opportunities of electric vehicle manufacturing from all global car majors,” T. R. B Rajaa, the state’s minister for industries said, when…
NEW DELHI: Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said.The billionaire executive will meet Modi in the week of April 22…
Elon Musk said he is “guilty of many self-inflicted wounds” while being questioned in a lawsuit accusing him of promoting a conspiracy theory falsely identifying a California man as a federal agent posing as a neo-Nazi street brawler.But the billionaire also said he didn’t think he had “meaningfully harmed” the Jewish 22-year-old who sued him…
Tesla has settled a lawsuit over a 2018 car crash that killed an Apple engineer after his Model X, operating on Autopilot, swerved off a highway near San Francisco, court documents showed on Monday. The settlement was made on the eve of the trial over the high-profile accident involving Tesla’s driver assistant technology. Tesla faces…
Tesla in India soon? Elon Musk, the CEO of Tesla Motors, seems to have dropped a big hint about the electric car marker’s entry into India. According to a Reuters report, Elon Musk has said, “The natural progression is to provide Tesla electric vehicles in India.” Musk’s statement is being seen as a big sign…
Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions.Musk, who ranked first on the Bloomberg Billionaires Index as recently as early March, fell to fourth after Reuters reported Tesla cancelled plans for a less-expensive car, sending shares…
