Photo: Zee news
India Competes With China; Offers Tesla Lower Cost of Manufacturing
India offers a lower cost of production compared to China in an attempt to make Tesla start their manufacturing unit in the country. This decision comes a week after Tesla registered a company for the imports and sale of cars. Union minister Nitin Gadkari offered Tesla a 'steal of a deal' to boost local manufacturing of electric vehicles (EVs) and other components in-order to cut cost on imports, and lower pollution as well.
Tags: Tesla, Union Minister, Elon Musk, China, Electric Car
Courtesy: NDTV
Photo: Knoxville News
Elon Musk's Tweet On Bitcoin Costs Him $15 Bn, Loses Top Billionaire Spot
Tesla CEO Elon Musk on February 22 slipped again from the wealthiest position after losing $15.2 billion from his wealth. The financial blow took place after Musk's tweet that read prices of Bitcoin and its rival Ether "do seem high", causing a 8.6% dip in Tesla's share. Just two weeks ago, the company had announced to have invested $1.5 billion in Bitcoin for future transactions . Meanwhile, Amazon's Jeff Bezos topped the Bloomberg… read-more
Tags: Elon Musk, Tesla Inc., Cryptocurrency, Bitcoin, Ether
Courtesy: The Economic Times
Photo: Business Insider
Jeff Bezos Back As World’s Richest Man; Elon Musk Slips To Number 2
Elon Musk's stint as the world's richest person was reasonably short-lived as Amazon’s Jeff Bezos is now back to the top on the coveted Bloomberg Billionaires Index ranking. Reportedly, Tesla Inc. shares on February 16 plummeted by 2.4% thereby stripping $4.6 billion off of CEO Elon Musk. Consequently, Bezos retrieved his longstanding world number one position as his net worth clocked at $191.2 billion, a whopping $955 million more than the… read-more
Tags: Elon Musk, Tesla, Jeff Bezos, Bloomberg Billionaire Index, World's Richest Man
Courtesy: The Indian Express
Photo: The News Minute
CM Yediyurappa Confirms Tesla's Manufacturing Plant In Karnataka
Karnataka CM BS Yediyurappa has confirmed that Elon Musk's Tesla would install its manufacturing plant in Karnataka. Earlier, the electric car maker had formally registered its office in Karnataka's capital Bengaluru. Reportedly, the company's research and development unit will also be set up soon. Previously, Union Transport Minister Nitin Gadkari had affirmed that Tesla's Indian stint would begin with sales, followed by assembling and… read-more
Tags: Tesla, Elon Musk, BS Yediyurappa, Nitin Gadkari, Karnataka, Bangalore
Courtesy: Wion News
Photo: Somag News
Bitcoin's Value Surges Over $47,000 After Tesla Buys $1.5 Billion Units
Bitcoin's value surged nearly 20% to over $47,000 soon after Tesla CEO Elon Musk tweeted about buying $1.5 billion of the cryptocurrency for future transactions. Besides, heavy trading in cryptocurrencies after Musk's tweet caused technical issues in exchanges like Coinbase and Gemini. Known to be a cryptocurrency supporter, Musk's Tesla has stated that it invested 8% of its reserves into bitcoin. As per experts, companies like Apple may… read-more
Tags: Cryptocurrency, Bitcoin, Tesla, Elon Musk
Courtesy: The Indian Express
Photo: Good News Network
SpaceX To Launch World’s First Commercial Astronaut Space Mission
Elon Musk-owned aerospace company SpaceX will launch the first-ever commercial astronaut mission into the earth's orbit, with civilians aboard the Dragon spacecraft. Reportedly, the unique space mission will admit three people, besides having US billionaire Jared Isaacman as the space commander. The four crew members will undergo preparedness training on SpaceX's Falcon 9 and Dragon spacecraft. Reportedly, Isaacman aims to raise $200 million… read-more
Tags: Elon Musk, SpaceX, Dragon Spacecraft, Falcon 9, Kennedy Space Centre
Courtesy: WION
Photo: Tesmanian
Tesla Formally Enters India, Registers Office In Bengaluru
Marking its official entry in India, electric car company Tesla Inc. has registered its office in Bengaluru as Tesla Motors India & Energy Pvt Ltd. The company, aiming to setup manufacturing plants and R&D units in India, currently has an authorized capital of Rs 15,00,000 and Rs 1,00,000 paid-up capital. While the manufacturing location is yet to be decided, Tesla has appointed Vaibhav Taneja, Venkatrangam Sreeram and David Feinstein… read-more
Tags: Elon Musk, Tesla, India, Bangalore Electric Vehicles
Courtesy: WION
Photo: News DB
Khan Academy Gets $5 Million Donation From Elon Musk
Business tycoon Elon Musk has donated $5 million to US-based non-profit Edu-tech firm Khan Academy through his Musk Foundation. Reacting to World's richest man's donation, Khan Academy Founder Salman Khan said, "I just want to give a huge shout and thank you to Elon Musk". Moreover, Salman said that the donation would help them in producing more content. Earlier, Musk Foundation donated for water filtration and to supply laptops to middle-… read-more
Tags: Elon Musk, Khan Academy, Musk Foundation, Education
Courtesy: Money Control
Photo: The Mobile App Daily
Elon Musk Suggests 'Signal' App; Platform Witness Sudden User Surge
As the debate regarding WhatsApp's update policy heats up, Tech mogul Elon Musk has suggested users to use the 'Signal' app for data-protection. Musk had tweeted "Use Signal" promoting the messaging app that offers end-to-end encryption. Reportedly, the number of 'Signal' users has significantly surged since Musk's tweet. Recently, WhatsApp has mandated its users to update the app before February 8, which would allow data sharing with… read-more
Tags: Facebook, WhatsApp, Elon Musk, Signal App
Courtesy: The Financial Express
Photo: Business Standard
Elon Musk Becomes World's Richest Man, Tweets "Well, Back To Work"
Tesla CEO Elon Musk on January 7 became the richest person on the planet as the company’s share prices went ballistic taking his wealth to $190 billion. With this leap, Musk surpassed Amazon’s Jeff Bezos whose company is facing a stagnant share price for long. Reacting to a tweet by ‘Tesla Owners of Silicon Valley’ that shared the news, the Tesla CEO wrote, "how strange" followed by "well, back to work".
Tags: Elon Musk, Jeff Bezos, Tesla, SpaceX
Courtesy: Gadgets Now