elon musk tesla – pressnews

Elon Musk’s controversial Tesla drive breaks laws, has terrifying moment, but police unmoved

29Aug

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Technology

Elon Musk’s controversial Tesla drive breaks laws, has terrifying moment, but police unmoved

[ad_1] When Elon Musk left the Tesla Engineering HQ in Palo Alto on Friday clutching his smartphone and a livestream, he would not have anticipated the controversy it might cause. For 45 minutes, the Tesla and SpaceX CEO drove around the city and demonstrated the capabilities of Tesla's newest Full Self-Driving (FSD) update, FSD v12, thereby breaking several laws of the land in the process. Here's everything that happened during the eventful Musk live stream.Tesla FSD demo: What went downEverything was going fine initially, with Musk's Tesla coursing through roads, corners and roundabouts autonomously with relative ease, but that changed in the 19th minute as the vehicle almost jumped a red light and ran head-on into a busy intersection, causing Musk to intervene. It was a scary moment!...

India asks Tesla to copy Apple in pairing Chinese, Indian suppliers

2Aug

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India asks Tesla to copy Apple in pairing Chinese, Indian suppliers

[ad_1] As Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter.Tesla has been in talks with India for weeks about setting up a factory which will potentially build a $24,000 car for local sales and exports, however strained India-China ties threaten to complicate Tesla's plans for bringing in Chinese suppliers. Tesla founder Elon Musk is seeking to expand beyond the company's biggest foreign base of China where regulatory approvals for expansion are slow to come. But Chinese suppliers could be critical if Tesla were to establish a plant in India and keep costs in check for a cheap EV. India does not have l...

Tesla’s 1st electric pickup has rolled off the assembly line, company says

16Jul

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Technology

Tesla’s 1st electric pickup has rolled off the assembly line, company says

[ad_1] Tesla says its first production Cybertruck electric pickup has rolled off the assembly line, nearly two years behind the original schedule.The company tweeted a photo on Saturday showing scores of workers in helmets and yellow vests surrounding the truck. “First Cybertruck built at Giga Texas!” Tesla tweeted, including a cowboy hat-wearing emoji. Owner Elon Musk retweeted the post. Musk unveiled the truck in late 2019, and Tesla had said production would start in late 2021, although the company has since cautioned that production would begin slowly and in smaller numbers than Tesla's other vehicles.With its wedge shape and stainless-steel body — which Tesla calls the exoskeleton — the Cybertruck looks nothing like a traditional pickup. Some analysts have panned it as a niche prod...

Elon Musk in talks to set up Tesla factory in India; car prices may start at Rs. 20 lakh

13Jul

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Technology

Elon Musk in talks to set up Tesla factory in India; car prices may start at Rs. 20 lakh

[ad_1] Tesla is in talks with the Indian government to set up a Gigafactory in India with the capacity for manufacturing 500,000 electric vehicles annually. For years, Tesla has been thinking about whether to set up a plant in India, but the plans seem to have moved forward with Elon Musk-led company in talks about making India the export base for the Indo-Pacific region, as per a report by the Times of India.Tesla's India plansAt present, Tesla's biggest plant remains in China with a reported annual manufacturing capacity of nearly 750,000 units. However, tech companies like Apple and Samsung have been looking to establish plants in alternative countries in a bid to boost sales in other regions as well as to minimize production losses caused by the country's tight restrictions. It seem...

After PM Modi’s US visit, Google, Amazon, and Microsoft announce BIG tech investments in India

24Jun

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Technology

After PM Modi’s US visit, Google, Amazon, and Microsoft announce BIG tech investments in India

[ad_1] As Prime Minister Narendra Modi concluded his state visit to the US that was aimed at improving the partnership between India and the Western superpower in technology, three major corporations including Google, Amazon, and Microsoft have announced individual tech investments in India. The companies will make big capital investments and offer technology cooperation to develop the digital infrastructure of the country.Google CEO Sundar Pichai announced today, June 24, that the company will open its global fintech operations centre in Gujarat's Gandhinagar's GIFT City district. Not only that, but the search engine giant has also committed to investing in India through its $10 billion digitization fund. “It was an honour to meet PM Modi during the historic visit to the US. We shared ...

3Jun

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Elon Musk is accused of insider trading

[ad_1] Elon Musk is being accused of insider trading in a proposed class action by investors accusing the Tesla Inc CEO of manipulating the cryptocurrency Dogecoin, costing them billions of dollars.In a Wednesday night filing in Manhattan federal court, investors said Musk used Twitter posts, paid online influencers, his 2021 appearance on NBC's "Saturday Night Live" and other "publicity stunts" to trade profitably at their expense through several Dogecoin wallets that he or Tesla controls. Investors said this included when Musk sold about $124 million of Dogecoin in April after he replaced Twitter's blue bird logo with Dogecoin's Shiba Inu dog logo, leading to a 30% jump in Dogecoin's price. A "deliberate course of carnival barking, market manipulation and insider trading" enabled Musk...

Tesla offering discounts of over $1,300 on some U.S. Model 3 cars

21May

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Technology

Tesla offering discounts of over $1,300 on some U.S. Model 3 cars

[ad_1] Tesla is offering discounts of more than $1,300 on some Model 3 cars in its U.S. inventory following even heavier discounts in Europe, according to a Reuters' review of its website, even as the electric carmaker has raised U.S. prices on most newly ordered cars this month. Facing economic headwinds and mounting competition, Tesla this year has aggressively cut vehicle prices in several regions and is resorting to the traditional automakers' tactic of offering incentives to clear inventory, analysts said. On Tuesday, CEO Elon Musk told shareholders Tesla will try advertising for the first time, a move analysts said could drum up demand. Musk warned Tesla was not immune to the global economy, predicting it will be difficult for the next 12 months. Tesla slightly raised prices of ...

Tesla ‘serious’ on establishing India production, innovation base, minister says

19May

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Technology

Tesla ‘serious’ on establishing India production, innovation base, minister says

[ad_1] Tesla Inc is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker. The Elon Musk led U.S. automaker held talks with Indian officials this week on various topics including incentives for car and battery manufacturing, Reuters reported on Thursday, as Tesla looks anew at entering the Indian market. "They are very seriously looking at India as a production and innovation base," Rajeev Chandrasekhar said in the first public comment by an Indian government official on the talks. "We have signalled to them that the government of India is working together (and) will certainly make whatever ambitions they have or inves...

Elon Musk Says Tesla Will Try Advertising

17May

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Technology

Elon Musk Says Tesla Will Try Advertising

[ad_1] Tesla Inc. Chief Executive Officer Elon Musk said the electric-car maker will dabble in advertisements, a major departure for the 20-year-old company. “We'll try a little advertising and see how it goes,” Musk said Tuesday at Tesla's annual shareholder meeting in response to an investor's question. Tesla has long prided itself on word-of-mouth among its fan base to market its vehicles. It has built a formidable brand without paying for traditional advertising on television, radio or in newspapers or magazines. Musk said in a subsequent interview with CNBC that paying for ads could be a way to expand beyond its existing user base as the company grows. “It's worth a try and we'll see how effective it is,” he said. “I only just agreed to it so it's not a fully formed strategy.” Mu...

Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules

16May

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Technology

Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules

[ad_1] Elon Musk cannot back out of a settlement with securities regulators that was reached after his 2018 tweets claiming he had secured funding to take Tesla private caused the electric vehicle maker's share price to jump and led to a temporary halt in trading, an appeals court ruled Monday. The summary order by the 2nd U.S. Circuit Court of Appeals in Manhattan was released just days after a three-judge panel heard lawyers' arguments in the case. Musk had challenged a lower court judge's ruling last year requiring him to abide by the deal on the grounds that circumstances have changed and because the decree contains a “prior restraint” that Musk contends violates the First Amendment. The settlement with the Securities and Exchange Commission required that his tweets be approved fi...