Automotive Industry

Musk says he was sure of Saudi backing to privatise Tesla
Elon Musk is on trial for claims that he defrauded investors by tweeting he secured funds to privatise his firm Tesla.
Published On 23 Jan 2023
Musk on trial says his tweets don’t always affect Tesla stock
‘Just because I tweet something does not mean people believe it or will act accordingly,’ the Tesla boss told a jury.
Published On 20 Jan 2023
Elon Musk’s next drama: A trial over his tweets on Tesla
Trial on Tesla boss Musk’s old tweets that he had raised money to take the auto firm private is set to start on Tuesday.
Published On 16 Jan 2023
Tesla slashes prices globally by as much as 20 percent
Price cuts challenge electric carmaker’s rivals and reverse its strategy of past two years when orders exceeded supply.
Published On 13 Jan 2023

CEO Elon Musk tells followers on Twitter to be ‘cautious’ about articles using unnamed sources after report.

Traffic director Joy has a creative way to control cars and counter road rage – she dances her instructions.

Since 2021, Tesla has been beta-testing ‘Full Self-Driving’ using owners who haven’t been trained on the system.

Tesla also slashes prices in Japan, South Korea and Australia but so far holds them steady in Europe and US.

Once worth more than $1 trillion, Tesla lost more than 65 percent in 2022 and $60bn on Tuesday alone.

Autonomous vehicles from companies like Waymo and Cruise make inroads on California streets, despite safety concerns.

The world’s most valuable carmaker is one of the worst performing stocks among major automakers and tech firms.

Musk also said he hopes to reorganise Twitter this week, reduce his time there and later find a new leader to run it.

A Tesla shareholder aims to prove that Musk used his dominance over Tesla’s board to dictate terms of the 2018 package.

Musk’s latest share sale fueled jitters about the fallout of his Twitter buy on the world’s most valuable carmaker.

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