Tesla Chief Executive Elon Musk on Tuesday said that the next generation small car the company is working on would operate mostly in autonomous mode, similar to a promise he made in 2020. On Tuesday he said there was a clear path to delivering a car that cost half as much to build as Tesla’s […]
TESLA
Elon Musk says he will find a new leader for Twitter
Elon Musk said he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week. Musk made the remarks while testifying in a Delaware court to defend against claims that his $56 billion pay package at […]
Tesla faces US criminal probe over self-driving claims
Tesla Inc is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The US Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla’s driver assistance system Autopilot, which was […]
Tesla and Pakistan’s Formula racing team to collaborate soon
Tesla and the Pakistan Navy Engineering College-NUST group of students are to collaborate soon and the latter has listed Tesla as their innovative partner. The partnership will allow Formula Electric Racing NUST (FERN) to get technical support, technology sharing, and essential components for electric vehicle (EV) development from the global pioneer in the EV arena. […]
Elon Musk sold nearly $7 billion worth of Tesla shares
Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes court battle with Twitter over a $44 billion buyout deal. The billionaire offloaded about 7.9 million shares in the electric carmaker between August 5 and 9, according to documents filed with the Securities and Exchange Commission on Tuesday. […]
Tesla quarterly profits top $1 bn for 1st time
US electric carmaker Tesla reported its first-ever quarterly profit above $1 billion Monday as it reiterated its 2021 production targets despite supply chain upheaval. Profits surged to $1.1 billion in the quarter ending June 30, up from $104 million in the year-ago period as revenues nearly doubled to $12.0 billion. The fast-growing automaker led by […]