Lower cost of production assured for Tesla by Indian government

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.

Wed, 03 Mar 2021 - 02:29 PM / by Neha S

Tags: Tesla, Union Minister, Elon Musk, China, Electric Car

Courtesy: NDTV

Representational photo: Elon Musk

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

Tue, 23 Feb 2021 - 11:15 AM / by Harsh Vardhan

Tags: Elon Musk, Tesla Inc., Cryptocurrency, Bitcoin, Ether

Courtesy: The Economic Times

Elon Musk-Jeff Bezos

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

Wed, 17 Feb 2021 - 11:31 AM / by Ashly Ann Varghese

Tags: Elon Musk, Tesla, Jeff Bezos, Bloomberg Billionaire Index, World's Richest Man

Courtesy: The Indian Express

Representational image

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

Sun, 14 Feb 2021 - 03:26 PM / by Ashly Ann Varghese

Tags: Tesla, Elon Musk, BS Yediyurappa, Nitin Gadkari, Karnataka, Bangalore

Courtesy: Wion News

Representational photo: Tesla Model 3.

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

Tue, 09 Feb 2021 - 01:42 PM / by Harsh Vardhan

Tags: Cryptocurrency, Bitcoin, Tesla, Elon Musk

Courtesy: The Indian Express

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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

Tue, 02 Feb 2021 - 11:41 AM / by Ashly Ann Varghese

Tags: Elon Musk, SpaceX, Dragon Spacecraft, Falcon 9, Kennedy Space Centre

Courtesy: WION

Representational photo: Tesla Model 3.

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

Wed, 13 Jan 2021 - 11:35 AM / by Harsh Vardhan

Tags: Elon Musk, Tesla, India, Bangalore Electric Vehicles

Courtesy: WION

Elon Musk's donation

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

Tue, 12 Jan 2021 - 07:44 PM / by Bhavyata Kagrana

Tags: Elon Musk, Khan Academy, Musk Foundation, Education

Courtesy: Money Control

Signal App

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

Fri, 08 Jan 2021 - 03:09 PM / by Harsh Vardhan

Tags: Facebook, WhatsApp, Elon Musk, Signal App

Elon Musk

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".

Fri, 08 Jan 2021 - 10:04 AM / by Bhavyata Kagrana

Tags: Elon Musk, Jeff Bezos, Tesla, SpaceX

Courtesy: Gadgets Now