Economic Development Queensland (EDQ) recently announced a landmark deal with Tesla for the use of its Powerwall 2 batteries in a massive sustainability community project. The initiative aims to establish the first government-backed community in Australia that is 100% powered by solar energy and batteries. The project would involve 80 homes in the Brisbane suburb […]
Rajasthan govt writes to Tesla, offers land in Bhiwadi for a manufacturing unit
Rajasthan enjoys locational as well as resource advantages in automobile sector with Alwar district in the NCR region emerging as a hub with over 100 companies operating in the sector JAIPUR : After Tesla’s announcement to set up a R&D facility in Bengaluru and centres in five states, the Rajasthan government has also written a […]
Electric car manufacturer Tesla may park in Gujarat
Tesla is set to begin its India journey with its highest-selling Model 3, before the premium Model S and Model X, which would be available later in the year and in early 2022 GANDHINAGAR/NEW DELHI : Gujarat, which has emerged as a preferred destination for global automobile giants, has made a strong pitch to invite […]
Hunt for the next Tesla fuels wave of electric-vehicle deals
EV company valuations are soaring as investors hunt for the next Tesla Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies. Proterra Inc., which makes electric buses and battery systems, on Tuesday said it will go public through special […]
Tesla takes another step on road to launch in India
Tesla Motors India and Energy Private Limited was incorporated on Jan. 8 with its registered office in the southern city of Bengaluru, a hub for several global technology companies NEW DELHI: Tesla Inc has moved a step closer to its launch in India later this year by registering a company in the country, a regulatory […]
Tesla appears to have plenty of momentum after meteoric 2020
The auto industry disruptor led by Elon Musk wowed Wall Street yet again over the weekend, reporting annual car deliveries of 499,550, just shy of its 2020 target of half a million, but well above analyst estimates. New York : After shares rocketed higher in 2020 on surging auto deliveries, Tesla enters 2021 with plenty […]
Tesla CEO says electric cars will double global electricity demand
Increasing the availability of sustainable energy is a major challenge as cars move from combustion engines to battery-driven electric motors FRANKFURT: Tesla Chief Executive Elon Musk said on Tuesday that electricity consumption will double if the world’s car fleets are electrified, increasing the need to expand nuclear, solar, geothermal and wind energy generating sources. Increasing […]
Electric vehicle maker Tesla to deliver China-made Model Y SUVs this month
China, which offers hefty subsidies for electric vehicles as it seeks to cut down on pollution from petrol or diesel cars, is key to Tesla’s global strategy. It is expanding its Shanghai car factory, where it also builds its Model 3 sedans. In October, it started exporting Model 3 vehicles to Europe. BEIJING : Tesla […]
Elon Musk: Apple CEO didn’t take meeting about buying Tesla
He refused to take the meeting.” Tesla’s market value is USD 616 billion, as of the close of trading Tuesday. One-tenth of that is USD 61.6 billion. San Francisco : Tesla CEO Elon Musk says he once considered selling the electric car maker to Apple, but the iPhone maker’s CEO blew off the meeting. In […]
Affordability Is King in a Chinese Automotive Market Where Wuling Hongguang’s Mini EV Beats Tesla in Sales
While domestic-made Model 3 had sold like hotcakes in China, Wuling’s mini EV overtook Tesla’s yearly sales in a mere three months by touting rock-bottom prices, more specifically, at a wallet-friendly ¥30,000. Of all martial arts in the world, only the fast ones are unassailable – or so a similar saying in Chinese goes. […]