Teslas Potential EV Plant in Gujarat Elon Musks Expected India Visit Next Month
Ashlin Rajan -
Gujarat, famed for its strategic positioning and business-friendly ambiance, emerges as Tesla's favored spot for this manufacturing endeavor.
Centre Contemplates Reducing EV Tariff to Attract Tesla : Report
Newsmen Business Desk -
As Tesla explores the possibility of establishing a manufacturing plant in the country, the company has sought an initial tariff concession.
Tesla profits plunge 44%, Cybertruck won’t be profitable till 2025
IANS -
The electric car-maker reported $23.4 billion in revenue during the third quarter of 2023, a small increase from $21.4 billion the same time last year.
Tesla execs to meet commerce minister as China fumes at India’s BYD plant rejection
IANS -
According to a Reuters report, citing sources, the meeting with Goyal will be the highest-level one since Musk met Prime Minister Narendra Modi in the US last month and said he plans to bring Tesla to India as soon as humanly possible. Tesla was yet to comment on the report.
Govt rejects Chinese BYD Motors’ plan to build $1 bn EV plant: Report
IANS -
BYD's proposal to join hands with Hyderabad-based Megha Engineering and Infrastructures Ltd (MEIL) for electric cars and batteries has apparently hit a roadblock over "security concerns", reports The Economic Times. In its proposal to the Department for Promotion of Industry and Internal Trade (DPIIT), BYD-MEIL reportedly made a pitch to manufacture up to 15,000 electric cars a year in the country. 
Tesla logs $2.7 bn in net income, cybertruck on its way: Elon Musk
IANS -
The revenue was also 50 per cent higher than year-ago sales of $16.9 billion, and mostly came from automotive sales which was $21.3 billion in the April-June period. In the second quarter, Tesla produced nearly 480,000 vehicles and delivered over 466,000 vehicles, the company said in a statement late on Wednesday.
Tesla directors to return $735 mn to company as they 'overpaid themselves'
IANS -
Elon Musk himself is under scrutiny for his own $56 billion compensation package, which is facing its own lawsuit that went to trial last year, reports TechCrunch. The settlement will be paid directly to Tesla to benefit the company. The settlement concluded a 2020 lawsuit from a retirement fund that holds Tesla stock.
I'm a fan of Modi, plan to visit India next year: Elon Musk
IANS -
Musk, who is yet to bring his electric car-maker Tesla to India, said the country is great for solar energy investment. "I am a fan of Modi. India is great for solar energy investment. We are also hoping to bring Starlink internet to India," the outgoing Twitter CEO told reporters here late on Tuesday.
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