New Delhi: The ongoing meltdown in global stocks, particularly in high-flying tech stocks, has managed to bring the valuations of Tesla closer to Indian midcap EV stock Sona BLW Precision Forgings, also known as Sona Comstar. With US stocks entering a bear market because of soaring inflation and higher interest rates that threaten to trigger… Continue reading Desi Tesla? Global meltdown makes Indian EV stock trade close to Tesla’s valuation
Tag: Tesla
The 2023 Ineos Grenadier puts the off-roading experience first – Toronto Star
For those looking for an off-road driving experience that goes back to the roots, the Ineos Grenadier is a fresh take on the genre – even if it doesn’t necessarily look it. Before we go any further regarding the Ineos’ take on the Land Rover Defender, it’s worth noting that Ineos automotive executive vice-president of… Continue reading The 2023 Ineos Grenadier puts the off-roading experience first – Toronto Star
Elon Musk moves Tesla layoff target from 10% to 3% of employees
Elon Musk has now moved the target for the new wave of layoffs at Tesla from 10% reduction of the workforce to 3% of employees. Earlier this month, we reported on Musk telling Tesla executives in an email that they need to cut 10% of the workforce and pause hiring due to having a “super-bad feeling” about… Continue reading Elon Musk moves Tesla layoff target from 10% to 3% of employees
Tesla to cut salaried workforce by 10% over three months: Elon Musk
Electric carmaker Tesla will reduce its salaried workforce by roughly 10% over the next three months, Chief Executive Elon Musk said on Tuesday. The cuts would amount to about a 3.5% reduction in total headcount at the company, Musk said at the Qatar Economic Forum organised by Bloomberg. Reuters Go to Source
Musk hints Tesla could bring back ‘Enhanced Autopilot’ worldwide
San Francisco: Elon Musk has hinted that Tesla may bring back “Enhanced Autopilot” for those interested in a more immersive semi-autonomous driving experience than Basic Autopilot, but are unwilling to pay $12,000 for the company’s more advanced Full Self-Driving (FSD) suite. In early 2019, Tesla removed Enhanced Autopilot as it transitioned all vehicles to receive… Continue reading Musk hints Tesla could bring back ‘Enhanced Autopilot’ worldwide
Musk’s Starlink aid to Ukraine triggers scrutiny in China over US military links
‘Silicon Valley Iron Man’ under pressure over satellites as Chinese rivals close in on Tesla Go to Source
I will keep supporting & buying Dogecoin crypto: Elon Musk
Musk has a significant personal investment into Bitcoin on top of Tesla’s investment and he has smaller Ethereum and Dogecoin holdings. NEW DELHI: As all leading cryptocurrencies crash, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years. Amid the ‘crypto winter’, Dogecoin… Continue reading I will keep supporting & buying Dogecoin crypto: Elon Musk
South Korea’s Hyundai teams with Michelin to develop EV tires
SEOUL — Hyundai Motor Group has partnered with Michelin to develop tires optimized for electric vehicles, the South Korean automaker said Monday, part of a push to extend the range of its cars. EVs tend to be heavier than gasoline-powered autos due to the weight of batteries. Hyundai and Michelin look to create new designs and materials for a… Continue reading South Korea’s Hyundai teams with Michelin to develop EV tires
The Station: Tesla leads in ADAS crashes, gig companies lose battle in MA
Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Your usual host, Kirsten Korosec, is off the grid and hopefully having a fabulous vacation, so I’ll be taking over the newsletter this week. Up first: NHTSA’s report on… Continue reading The Station: Tesla leads in ADAS crashes, gig companies lose battle in MA
Tesla achieves production of 1,000 cars in a week at Gigafactory Berlin
Tesla announced that it has achieved production of 1,000 Model Y vehicles in a week at Gigafactory Berlin. This is an important milestone – though the automaker originally planned to achieve it in April. Tesla is currently in the middle of ramping up production at two major new factories, Gigafactory Berlin and Gigafactory Texas, and… Continue reading Tesla achieves production of 1,000 cars in a week at Gigafactory Berlin