Tag: Tesla EV

India Weighs Five-Year Tax Cuts on EV Imports to Woo Elon Musk-led Tesla
14Nov By adminNo Comments
Technology

India Weighs Five-Year Tax Cuts on EV Imports to Woo Elon Musk-led Tesla

[ad_1] India is considering tax cuts on the imports of completely-built units of electric vehicles, for a period of up to five years, as it tries to entice the likes of Tesla Inc. to sell and eventually make its cars in the country.The Indian government is working on an electric vehicle policy that would allow international car manufacturers to import battery-powered vehicles on concessional duty rates if they commit to eventually building them in India, people familiar with the matter said.  We are now on WhatsApp. Click to join. A final decision is yet to be taken on the policy's contours, the people said, asking not to be identified as the discussions are private. Spokespeople from India's heavy industries and commerce ministries did not immediately respond to emails seeking comment....
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Tesla to discuss factory plan for new $24,000 car with India commerce minister -source
25Jul By adminNo Comments
Technology

Tesla to discuss factory plan for new $24,000 car with India commerce minister -source

[ad_1] Tesla representatives are set to meet India's commerce minister this month to discuss plans to build a factory to produce what the company has described as an all-new $24,000 car, a person with direct knowledge of the matter told Reuters.Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and for export, the person said, adding that the company had indicated that it would be for the new vehicle. The discussions represent a sharp reversal for the company after efforts last year to reduce import taxes on EVs shipped to India were scuppered by calls from government officials to commit to making cars locally. The meeting with the commerce minister would be the highest level discussion between Tesla an...
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Tesla’s 1st electric pickup has rolled off the assembly line, company says
16Jul By adminNo Comments
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...
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A second life for EV batteries? Depends how long the first is
26Jun By adminNo Comments
Technology

A second life for EV batteries? Depends how long the first is

[ad_1] Global automakers have touted plans to re-use electric vehicle (EV) batteries when they lose power, but competition for battery packs and cell materials, and the appetite for affordable cars cast doubt on this part of the circular economy.An array of startups offers second-life energy storage using old EV batteries. But creating the viable industry envisioned by carmakers such as Nissan would mean fighting off competition from recyclers, refurbishers and the needs of drivers squeezed by the cost-of-living crisis. "The assumption that EV batteries are only going to last eight-to-10 years and then owners will swap them out is just not true," Hans Eric Melin, founder of consultancy Circular Energy Storage (CES), which tracks battery volumes and prices, said. "It's going to be tricky...
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Tesla to Build New Shanghai Factory for Megapack Battery
10Apr By adminNo Comments
Technology

Tesla to Build New Shanghai Factory for Megapack Battery

[ad_1] Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.Tesla will manufacture its Megapack large-scale energy-storage unit in the new facility, which adds to its factory for electric vehicles in Shanghai. The company led by Elon Musk, who is said to be visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai. Tom Zhu, Tesla's senior vice president of automotive, and Shanghai government officials including vice mayor Wu Qing attended, with Tesla Vice President Tao Lin signing the contract. Construction is scheduled to begin in the third quarter of this year and the plant will commence production in the second quarter of 2024, the company said in...
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Tesla’s $310 Billion Surge Sets High Bar for Elon Musk’s Master Plan
2Mar By adminNo Comments
Technology

Tesla’s $310 Billion Surge Sets High Bar for Elon Musk’s Master Plan

[ad_1] Tesla's stock tends to do well when the electric-car maker is growing like gangbusters and Elon Musk is thrilling fans about a brighter future. The chief executive officer has shaken off a forgettable 2022 of slower expansion and Twitter diversion by slashing prices and scheduling another showcase of Tesla's outlook for the next few years. The moves have worked, at least for the time being. Demand picked back up after Tesla discounted models across its lineup by as much as 20%, and the Musk faithful are frenzied about the master plan he'll deliver Wednesday at the company's factory in Austin, Texas. Tesla shares have soared from the two-year low they plumbed in early January, adding roughly $310 billion of market value and returning Musk to the top of the Bloomberg Billiona...
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Elon Musk Has Turned Tesla’s ‘Failing’ Into Winning
22Feb By adminNo Comments
Technology

Elon Musk Has Turned Tesla’s ‘Failing’ Into Winning

[ad_1] Anyone Googling the phrase “Tesla failed” is immediately inundated with the purported shortcomings of the multinational automotive and clean energy company's zero-emission, electric vehicles, workplace culture, business practices, occupational safety and, especially, its controversial Chief Executive Officer Elon Musk. In times like these, it's appropriate to recall what Gertrude tells her son Hamlet in Shakespeare's most famous play: “The lady doth protest too much, methinks.” When it comes to Tesla Inc., such criticism is little more than a sideshow. No other carmaker comes close to matching its performance, which includes posting record revenue each year since it began reporting financial results in 2007. With a stock market value of $659 billion as of Friday, Tesla is wor...
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Tesla turns up heat on rivals with global price cuts
14Jan By adminNo Comments
Technology

Tesla turns up heat on rivals with global price cuts

[ad_1] Tesla Inc has slashed prices globally on its electric vehicles by as much as 20%. The move marks a reversal from the automaker's strategy over the last two years when new vehicle orders exceeded supply. Tesla Inc has slashed prices globally on its electric vehicles by as much as 20%, extending an aggressive discounting effort and challenging rivals after missing Wall Street delivery estimates for 2022. The move marks a reversal from the automaker's strategy over the last two years when new vehicle orders exceeded supply. It comes after CEO Elon Musk warned that the prospect of recession and higher interest rates meant it could lower prices to sustain growth at the expense of profit. Musk acknowledged last year that prices had become "embarrassingly h...
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Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources
5Dec By adminNo Comments
Technology

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

[ad_1] Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20%. Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle (EV) giant's production plan said on Monday. Tesla did not immediately respond to a request for comment on the planned cut, first reported by Bloomberg, and Reuters was unable to immediately ascertain the reason for reduction. Inventory levels at Tesla's Shanghai plant rose sharply after it completed an upgrade of the manufacturing facilities in summer, with EV inventory increasing at its fastest pace ever in October. The U.S. automaker has cut prices for Model 3 and Model Y cars by up to 9% in China and offered insurance inc...
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Tesla has considered exporting electric vehicles from Shanghai to US, Canada – sources
12Nov By adminNo Comments
Technology

Tesla has considered exporting electric vehicles from Shanghai to US, Canada – sources

[ad_1] Tesla has been evaluating whether Model 3 and Model Y electric vehicles made in Gigafactory Shanghai could be sold in North America as soon as next year. Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that would connect its largest factory to North America, its largest market.Tesla has been evaluating whether Model 3 and Model Y electric vehicles made in Gigafactory Shanghai could be sold in North America as soon as next year, according to the people, who declined to be named because the process was confidential. Tesla's evaluation has included consideration of whether parts made by Tesla's China-based suppliers would be compliant with regulations in the Un...
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