Tesla’s country head for India has stepped down after nearly nine years with the electric vehicle giant, just as the company moves closer to launching operations in one of the world’s fastest-growing auto markets, according to a report by Bloomberg News.The report, citing sources familiar with the matter, stated that Tesla’s China team will now…
Elon Musk is facing one of his toughest tests yet: restoring confidence in Tesla’s brand. The electric carmaker has seen its profits plunge by 71 percent in the first quarter of 2025, driven largely by a backlash against Musk’s political affiliations and controversial role in President Donald Trump’s administration.Sales of Tesla vehicles across Europe have…
Tesla is expected to report on Tuesday that its profits fell in the first three months of the year, which could increase the pressure on Elon Musk, the automaker’s chief executive, to curtail his work for President Trump and spend more time managing the company. Wall Street analysts expect Tesla to say its net profit…
Tesla’s (TSLA.O), opens new tab first-quarter sales slumped 13%, its weakest performance in nearly three years, as backlash to CEO Elon Musk’s embrace of far-right politics grows and as consumers seek out newer models from rival electric-vehicle makers. The EV maker’s stumbling sales indicate that the one-time leading brand is reeling from the fallout of…
Top 10 richest persons in the world: Elon Musk, at age 53, has regained his position as the world’s wealthiest individual for the fourth time in five years! Elon Musk’s net worth has crossed the $400 billion wealth threshold. His net worth experienced a remarkable increase of $189 billion or 82%, largely due to the…
After climbing into a Tesla Model S last week, President Trump pledged to buy one. The next day, the Fox News host Sean Hannity said he had bought a Model S Plaid to support the embattled company, saying a Tesla “has more American parts in it than any other car made in our country.” In…
The Trump family is said to be in talks to invest in Binance. The discussions revolve around the family taking a stake in the U.S. arm of the crypto exchange, which had pleaded guilty to violating anti-money-laundering laws and whose founder, Changpeng Zhao, served time in prison, according to The Wall Street Journal. (It’s unclear…
A union takes on Tesla over its stock price As Elon Musk’s norm-shattering influence in Washington has grown — consider his unprecedented cameo at President Trump’s first cabinet meeting on Wednesday — he has drawn intense scrutiny and opposition. The latest pushback comes from the American Federation of Teachers, one of the nation’s biggest labor…
Tesla, under Elon Musk’s leadership, is reportedly seeking retail space and recruiting staff to sell vehicles in India. (AI image for representative purpose) Tesla India entry: India may introduce an on-tap facility process for electric vehicle manufacturing under the soon to be unveiled guidelines of the incentive programme announced in the previous year, according to…
Tesla on Wednesday reported a sharp drop in profit for 2024 as rivals in China, Europe and the United States chipped away at its lead in the market for electric cars. The company, which is led by Elon Musk, said it made a profit of $2.3 billion during the last three months of 2024. That…