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An uncrewed SpaceX Starship prototype rocket failed to land safely on March 30 after a test launch from Boca Chica, Texas(AP file photo)

NASA says SpaceX wins $2.9 billion contract for moon spacecraft

Reuters |
PUBLISHED ON APR 17, 2021 02:01 AM IST
The NASA announcement added to an extraordinary run for Musk, who is one of the world's richest people thanks to his 22% stake in electric car maker Tesla Inc.
A growing list of companies are looking at or even investing in Bitcoin, drawn by client demand, price momentum and arguments that it can hedge risks such as faster inflation.(Reuters)
A growing list of companies are looking at or even investing in Bitcoin, drawn by client demand, price momentum and arguments that it can hedge risks such as faster inflation.(Reuters)

Bitcoin rises by 2.6% to $61,229

Bloomberg |
PUBLISHED ON APR 12, 2021 05:22 PM IST
On March 13, Bitcoin reached a record of $61,742. The cryptocurrency is up almost ninefold in the past year.
Tesla's $668 billion market capitalization makes the company by far the most valuable carmaker(Bloomberg File Photo )
Tesla's $668 billion market capitalization makes the company by far the most valuable carmaker(Bloomberg File Photo )

Tesla shares surge after company posts record deliveries

Reuters |
PUBLISHED ON APR 05, 2021 10:46 PM IST
  • Tesla said it delivered 184,800 vehicles globally during the first quarter of 2021, above estimates of 177,822 vehicles
In addition to lending increased legitimacy to electronic currencies, Elon Musk’s embrace of Bitcoin fits his maverick image. REUTERS/Brendan McDermid/File Photo/File Photo(REUTERS)
In addition to lending increased legitimacy to electronic currencies, Elon Musk’s embrace of Bitcoin fits his maverick image. REUTERS/Brendan McDermid/File Photo/File Photo(REUTERS)

'You can now buy a Tesla with Bitcoin', Elon Musk says

Bloomberg |
UPDATED ON MAR 24, 2021 01:22 PM IST
  • Elon Musk on Wednesday tweeted that “you can now buy a Tesla with Bitcoin” and that paying by Bitcoin will also be available to customers outside the US later this year.
Elon Musk’s tumble only underscores the hard-to-fathom velocity of his ascent.(REUTERS)
Elon Musk’s tumble only underscores the hard-to-fathom velocity of his ascent.(REUTERS)

Elon Musk tells China data gathered by Teslas remain secret: Report

AFP | | Posted by Prashasti Singh
PUBLISHED ON MAR 21, 2021 06:17 AM IST
The assertion from the head of the electric car maker followed a decision by the Chinese government to bar members of its military or employees of some state-owned companies from using Teslas.
Tesla Inc Chief Executive Officer Elon Musk attends via video link a session at the China Development Forum held in Beijing, China March 20, 2021. REUTERS/Roxanne Liu NO RESALES. NO ARCHIVES.(REUTERS)
Tesla Inc Chief Executive Officer Elon Musk attends via video link a session at the China Development Forum held in Beijing, China March 20, 2021. REUTERS/Roxanne Liu NO RESALES. NO ARCHIVES.(REUTERS)

Elon Musk says Tesla would be shut down if its cars spied in China, elsewhere

Reuters |
PUBLISHED ON MAR 20, 2021 10:10 AM IST
  • "There's a very strong incentive for us to be very confidential with any information," Musk said during a virtual discussion, asserting that Tesla would be shut down if its vehicles spied in China or anywhere else.
Tesla Model X electric cars recharge their batteries in Berlin, Germany.(REUTERS / File photo)
Tesla Model X electric cars recharge their batteries in Berlin, Germany.(REUTERS / File photo)

Tesla cars banned by China's military on concerns about cameras

Bloomberg |
PUBLISHED ON MAR 19, 2021 05:19 PM IST
Tesla, like many other automakers, uses several small cameras, mainly located on the outside of the vehicle, to help guide parking, autopilot and self-driving functions.
The data obtained by the website PlainSite showed that 440 cases were reported at the Tesla plant, which employs some 10,000 people.(REUTERS)
The data obtained by the website PlainSite showed that 440 cases were reported at the Tesla plant, which employs some 10,000 people.(REUTERS)

Over 400 test positive at Tesla plant in California after reopening: Report

ANI |
PUBLISHED ON MAR 14, 2021 06:58 AM IST
In May, chief executive officer, Elon Musk, downplayed the severity of the pandemic and reopened the plant in defiance of guidelines issued by local public health officials.
The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet, the report said.(Reuters/ File Photo)
The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet, the report said.(Reuters/ File Photo)

Tesla in talks with Tata Power for EV charging infrastructure: Report

Reuters |
PUBLISHED ON MAR 12, 2021 05:04 PM IST
In January, the US electric-car maker incorporated Tesla Motors India and Energy Private Ltd with its registered office in the southern city of Bengaluru.
Motorists drive past Tesla's primary vehicle factory in Fremont, California, US.(Reuters/ File Photo)
Motorists drive past Tesla's primary vehicle factory in Fremont, California, US.(Reuters/ File Photo)

Fire at Tesla's Fremont factory under control, no injuries reported

Reuters |
PUBLISHED ON MAR 12, 2021 10:41 AM IST
  • The fire took place in a part of the factory property that was under construction, according to Aisha Knowles, a spokeswoman at the Fremont Fire Department.
Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China.(REUTERS)
Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China.(REUTERS)

Elon Musk hits new milestone, adds a record $25 billion in just one day

Bloomberg |
PUBLISHED ON MAR 10, 2021 05:57 PM IST
Musk and Bezos have been battling for the top spot on the Bloomberg wealth index since the Tesla founder took over in January, the month his fortune hit $210 billion.
Ranjim Prabal Das says he used to study for eight hours to prepare for JEE Mains(ANI Photo )
Ranjim Prabal Das says he used to study for eight hours to prepare for JEE Mains(ANI Photo )

Covid survivor Ranjim Prabal Das who topped JEE-Mains says 'I follow Elon Musk'

ANI |
PUBLISHED ON MAR 10, 2021 07:32 AM IST
A huge fan of Tesla and SpaceX CEO Elon Musk, Das, plans to go to IIT Delhi for his higher studies.
Texas flags fly near an electrical substation on February 21, 2021 in Houston, Texas.(AFP)
Texas flags fly near an electrical substation on February 21, 2021 in Houston, Texas.(AFP)

Tesla enters Texas energy market, plugs gigantic battery to faulty grid

Bloomberg |
UPDATED ON MAR 08, 2021 07:35 PM IST
A Tesla subsidiary registered as Gambit Energy Storage LLC is quietly building a more than 100 megawatt energy storage project in Angleton, Texas, a town roughly 40 miles south of Houston.
Elon Musk’s tumble only underscores the hard-to-fathom velocity of his ascent.(REUTERS)
Elon Musk’s tumble only underscores the hard-to-fathom velocity of his ascent.(REUTERS)

Elon Musk’s historic wealth gains unravel with $27 billion loss

Bloomberg |
PUBLISHED ON MAR 07, 2021 05:04 PM IST
Musk’s fortune hasn’t been solely subject to the forces buffeting the tech industry. His net worth has risen and slumped recently in tandem with the price of Bitcoin.
Tesla CEO Elon Musk.reuters(MINT_PRINT)
Tesla CEO Elon Musk.reuters(MINT_PRINT)

The metal that worries Tesla most is getting much cheaper

Bloomberg |
PUBLISHED ON MAR 04, 2021 03:38 PM IST
Elon Musk said in February that nickel was Tesla’s top concern for scaling lithium-ion cell production and was behind a shift to using iron for some EV batteries instead.
Hitting maximum deliveries is crucial for Tesla in order for CEO Elon Musk to meet his ambitious goal of selling 20 million cars a year by 2030.(REUTERS)
Hitting maximum deliveries is crucial for Tesla in order for CEO Elon Musk to meet his ambitious goal of selling 20 million cars a year by 2030.(REUTERS)

Tesla temporarily halts production at Model 3 line in California

Bloomberg |
PUBLISHED ON FEB 25, 2021 03:36 PM IST
  • Workers on a Model 3 production line in Fremont were told their line would be down from Feb. 22 until March 7
The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland.(Reuters)
The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland.(Reuters)

Tesla shares rally in premarket trading on ‘buy the dip’ bounce

Bloomberg |
PUBLISHED ON FEB 24, 2021 07:29 PM IST
Other electric-vehicle makers also climbed in premarket trading Wednesday: Nikola Corp. gained 3.3%, while Lordstown Motors Corp. advanced 2.6%.
FILE PHOTO: FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo/File Photo(REUTERS)
FILE PHOTO: FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo/File Photo(REUTERS)

Tesla shares sink below the price at which it entered S&P 500 index

Bloomberg |
PUBLISHED ON FEB 23, 2021 08:19 PM IST
Tesla’s early-week decline amid a wider market sell-off was fueled in part by Chief Executive Officer Elon Musk’s comments over the weekend that the prices of Bitcoin and smaller rival Ether “do seem high.”
An essential element of the climate potential of electric vehicles is that they’re able to switch to lower-carbon fuels over the course of their lifetimes.(Mint file photo)
An essential element of the climate potential of electric vehicles is that they’re able to switch to lower-carbon fuels over the course of their lifetimes.(Mint file photo)

Elon Musk should come clean: Tesla’s emissions are rising

Bloomberg |
PUBLISHED ON FEB 18, 2021 05:22 AM IST
The more cars Tesla sells in China and India, the more the intensity of its emissions.
FILE PHOTO: FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo/File Photo(REUTERS)
FILE PHOTO: FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo/File Photo(REUTERS)

Elon Musk’s Tesla hits mute on Yediyurappa announcing its entry into India

By Sharan Poovanna
UPDATED ON FEB 16, 2021 11:07 AM IST
The intent of the statement, the people said, was to show global investor interest in India.
The digital currency first came into existence in 2009 and is totally decentralised with no one central power to administer it.(REUTERS)
The digital currency first came into existence in 2009 and is totally decentralised with no one central power to administer it.(REUTERS)

All you need to know about Tesla, Bitcoin and the cryptocurrency boom

By hindustantimes.com | Edited by Deepali Sharma
PUBLISHED ON FEB 09, 2021 12:46 PM IST
One of the most valued companies on the stock market said that it has invested $1.5 billion in bitcoin.
According to a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with RoC Bangalore.(Bloomberg File Photo )
According to a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with RoC Bangalore.(Bloomberg File Photo )

Elon Musk's Tesla registers unit in India

PTI |
UPDATED ON JAN 12, 2021 11:26 PM IST
In November last year, replying to a Twitter user who asked about the progress of the company's India plans, Tesla CEO Elon Musk had said, "Yea..Next year for sure".
CEO of Tesla Motors Elon Musk had set the target at half a million.(Reuters File Photo)
CEO of Tesla Motors Elon Musk had set the target at half a million.(Reuters File Photo)

Tesla 2020 deliveries beat estimates, but fall short of Elon Musk’s target

Reuters | By Reuters | Posted by Kanishka Sarkar
UPDATED ON JAN 02, 2021 09:45 PM IST
Elon Musk delivered 499,550 vehicles during 2020, which was above Wall Street estimates of 481,261 vehicles, according to Refinitiv data.
China is Tesla’s largest market after the US, with sales in Asia’s biggest economy topping 120,000 units this year, according to local registration data.(Reuters)
China is Tesla’s largest market after the US, with sales in Asia’s biggest economy topping 120,000 units this year, according to local registration data.(Reuters)

Tesla’s dominant position in China could be threatened next year

By Bloomberg | Posted by Deepali Sharma
PUBLISHED ON DEC 29, 2020 05:31 AM IST
While still in its infancy, China’s electric-car market dwarfs that of other countries and the government is intent on further expansion amid commitments to reduce fossil-fuel use.
Tesla shares, which were included in the S&P 500 index this week, have surged eightfold this year ahead of the addition to the benchmark index’s measure.(AP)
Tesla shares, which were included in the S&P 500 index this week, have surged eightfold this year ahead of the addition to the benchmark index’s measure.(AP)

Elon Musk plans Starlink IPO, says taking Tesla pvt is impossible

By Bloomberg
PUBLISHED ON DEC 26, 2020 03:50 AM IST
Tesla shares, which were included in the S&P 500 index this week, have surged eightfold this year ahead of the addition to the benchmark index’s measure.
Tesla Inc CEO Elon Musk speaks onstage during a delivery event for Tesla China-made Model 3 cars at its factory in Shanghai, China.(Reuters/ File photo)
Tesla Inc CEO Elon Musk speaks onstage during a delivery event for Tesla China-made Model 3 cars at its factory in Shanghai, China.(Reuters/ File photo)

High-flying Tesla joins S&P 500; skeptics say buyer beware

New York | By Associated Press| Posted by Mallika Soni
UPDATED ON DEC 21, 2020 11:55 AM IST
Tesla’s rise to become the world’s most valuable automaker and rank among the top 10 biggest U.S. companies is a surprising accomplishment considering that the company lost $1.1 billion in the first half of 2019. The increase is so stunning that even CEO Elon Musk has said the shares are overpriced.
Tesla’s ascent came the same year that activist hedge funds and other investors ratcheted up pressure on corporations to fight climate change.(REUTERS)
Tesla’s ascent came the same year that activist hedge funds and other investors ratcheted up pressure on corporations to fight climate change.(REUTERS)

Tesla’s rise made 2020 the year US auto industry went electric

By Reuters | Posted by Nilavro Ghosh
UPDATED ON DEC 21, 2020 12:04 PM IST
For 2021, all signs point toward the industry accelerating its shift toward electrification, a turning point as historically momentous as the launch of Ford Motor Co’s moving assembly line for the Model T or General Motors ‘ 2009 bankruptcy.
As of Friday’s close, Tesla shares are up 730% this year(REUTERS)
As of Friday’s close, Tesla shares are up 730% this year(REUTERS)

Tesla closing auction saw 69 million shares trade at $695

By Bloomberg | Posted by Ayshee Bhaduri
UPDATED ON DEC 19, 2020 12:59 PM IST
The S&P Dow Jones Indices committee announced Tesla would be added to the S&P 500 in November, and shares have surged around 70% since. Now, the electric-vehicle maker will be added to the most-followed stock benchmark at a record high price-tag of $695.
CEO of Tesla Motors Elon Musk poses during a television interview after his company's initial public offering at the NASDAQ market in New York.(Reuters)
CEO of Tesla Motors Elon Musk poses during a television interview after his company's initial public offering at the NASDAQ market in New York.(Reuters)

Elon Musk adds $9 billion to fortune as Tesla set to join S&P 500

By Bloomberg| Posted by Mallika Soni
PUBLISHED ON DEC 19, 2020 06:14 AM IST
The 49 year-old entrepreneur has added $139.7 billion this year, an amount that exceeds the total net worth of anyone else on the planet other than Amazon.com Inc. founder Jeff Bezos. Bezos, for now, tops the wealth index with $187.3 billion.
Analysts on an average have a price target of about $364 on Tesla. The company’s stock was up slightly, about 0.9%, in premarket trading to $655.42(REUTERS)
Analysts on an average have a price target of about $364 on Tesla. The company’s stock was up slightly, about 0.9%, in premarket trading to $655.42(REUTERS)

Tesla shares are ‘dramatically overvalued,’ JPMorgan says

By Bloomberg | Posted by Ayshee Bhaduri
PUBLISHED ON DEC 09, 2020 09:05 PM IST
JPMorgan analyst Ryan Brinkman pointed out that in the past two years Tesla shares have risen over 800%. Analysts have raised their price targets by about 450%, and also simultaneously lowered their earnings estimates for the company for the years 2020 through 2024.
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