Tesla shares sink 8% as Musk signals more price cuts aheadTesla's gross margins fell to a more than two-year low in the first quarter and missed market estimates, after the company kicked off a dis...
20 Apr, 2023, 07.16 PM IST
Tesla's slowing sales, shrinking margins in focus in EV price warThe company's margins will be hit though as Tesla looks to squash competition from traditional automakers such as Ford Motor Co and unprofi...
25 Jan, 2023, 01.08 AM IST
Tesla's price cuts promise more pain for money-losing US EV startupsTesla's move last week to slash prices globally on its EVs by as much as 20% could draw new buyers to electric cars in the industry, but al...
20 Jan, 2023, 08.10 PM IST
Saudi Arabia gives 4% of Aramco to investment fundThe announcement on the state-run Saudi Press Agency comes as the oil firm is valued at just under $2 trillion and as oil trades above $90 ...
13 Feb, 2022, 11.54 AM IST
GM plans over six-fold increase in 2022 electric truck, Cadillac SUV productionGM Chief Executive Mary Barra told investors last week the automaker intended to accelerate production of electric vehicles, aiming to deli...
09 Feb, 2022, 10.38 AM IST
Tesla shares sink after supply chain warning, hitting other EV makersChief Executive Elon Musk told a quarterly conference call that Tesla would not launch new models like Cybertruck this year because it woul...
28 Jan, 2022, 07.24 AM IST
Elon Musk exercises more options, sells Tesla shares worth $973 millionOver the past week, Musk has sold about 8.2 million Tesla shares for around $8.8 billion. Those sales fulfill almost half of his pledge on ...
17 Nov, 2021, 01.06 PM IST
Tesla's Elon Musk exercises more options, sells $973 million for taxesElon Musk acquired 2.1 million shares worth $2.2 billion at the Tuesday closing price and sold 934,091 for $973 million to pay taxes, the S...
17 Nov, 2021, 10.58 AM IST
Tesla dips after Elon Musk sheds $5 billion in sharesThe electric-car maker's stock ended the session down 0.4% at $1,063.51 after tumbling earlier in the week.
12 Nov, 2021, 10.45 AM IST
Electric-car startup Lucid to follow Tesla into energy storageLucid aims to have a prototype of a commercial system installed at its headquarters by the start of next year that will store power generat...
10 Sep, 2020, 12.22 PM IST
Electric-truck maker Rivian hires ex-Tesla exec as top engineerKalayjian replaces Mark Vinnels, who until this week had been Rivian’s executive director of engineering, the person said. Vinnels joined R...
28 Aug, 2020, 09.25 AM IST
Tesla’s 2020 advance blows past 100%, leaving Wall Street in aweTesla rose as much as 24% to $968.99 Tuesday before plunging suddenly in the last few minutes of trading, trimming share prices by more tha...
06 Feb, 2020, 10.09 AM IST
Everybody wants to be the next Elon MuskA ground-breaking in Shanghai attended by Tesla Chief Executive Officer Elon Musk last week marked what will become the first factory in th...
16 Jan, 2019, 10.10 AM IST
From Lucid to Tesla, Saudi Wealth Fund goes on spending spreeThe investments are part of plans, unveiled after the collapse in crude prices in mid-2014, to turn the PIF into the world’s biggest sovere...
20 Sep, 2018, 10.50 AM IST
Saudi fund breathes new life into Lucid after going mum on MuskThe transaction clinches long-sought funding that was crucial to Lucid getting its first model, the Air sedan, into production.
18 Sep, 2018, 09.49 AM IST
Tesla wannabe is back in spotlight with shot at Saudi investmentLucid Motors, a startup co-founded 11 years ago by a Silicon Valley veteran, is in the spotlight following news reports over the weekend th...
21 Aug, 2018, 10.24 AM IST
Ex-Tesla team with new electric vehicle in works missing just one thing: CashThe nascent carmaker unveiled its Air prototype in December and had said it would start production of its all-electric luxury sedan in 2018...
15 Apr, 2017, 12.07 PM IST