CEO targets cutting the battery cost to achieve the price point by 2023
2 min read23 Sep 2020Tella Inc, a hitherto obscure biotech venture, is the bigger gainer this year by far out of any of the almost 4,000 companies listed on Japan’s main markets. It’s risen an astonishing 789%
1 min read21 Jul 2020Tesla Inc very could work out the basics of fully autonomous vehicle technology as soon as this year, most of the essential challenges toward achieving Level 5 autonomy have been solved for: CEO Elon Musk
1 min read9 Jul 2020The Fremont factory employs more than 10,000 people, according to the automakerIn late April, Georgia announced deals for a $727 million battery plant by South Korea's SK Innovation Co Ltd and an Amazon.com warehouse
2 min read13 May 2020The change may come in August but will not take more than a few months, said MuskMusk added that there would be additional game storage via USB
1 min read28 Jul 2019The price tags on Tesla’s first two vehicles, the Model S and X, were too much for Land’s budget to bearA further compression of margins could spell trouble for Tesla, which reported a larger-than-expected loss in the first quarter after repeatedly assurances the company would stay in the black
4 min read24 Jul 2019The incidents have fueled concern over the safety of electric vehicles in ChinaIn 2018, China recorded at least 40 fire-related incidents involving new-energy vehicles, a fleet that includes pure battery electric, hybrid plug-in and fuel-cell vehicles
1 min read14 May 2019Tesla has $2.2 bn in cash and expects capital expenditure of about $2.5-3 bn annually for the next two fiscalsThe company's total debt stood at $10.33 billion as of March 31
1 min read29 Apr 2019Musk violated his October 2018 settlement agreement by sending that tweet without first seeking approval from Tesla's lawyersIt is not clear what punishment the SEC will seek
3 min read27 Feb 2019CEO Elon Musk has been under intense pressure to stabilise production of the Model 3 This is Tesla’s second job cut in seven months and comes just days after it cut US prices for all vehicles
1 min read20 Jan 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared