Unmasking Truths Unraveling Stories
Unmasking Truths Unraveling Stories
Tesla Inc. shares pared a steep drop in intraday trading after Chief Executive Officer Elon Musk denied a report saying the carmaker had called off plans for a less-expensive vehicle. The stock fell as much as 6.2% on Friday after Reuters said Tesla had canceled the project, citing anonymous sources and company messages it had […]
Tesla will send a team from the United States to India by late-April to study sites for a proposed $2 billion to $3 billion (roughly Rs. 16,691 crore to Rs. 25,036 crore) electric car plant, the Financial Times reported on Wednesday, citing people familiar with the matter. The company’s reported push into India comes at a time when […]
China’s Xiaomi is advising potential buyers of its SU7 electric sedan that they could face waits of four to seven months, in a sign of strong demand for its first-ever vehicle. The maker of smartphones and other consumer electronics began taking orders on Thursday and said pre-orders hit 88,898 in the first 24 hours. Deliveries […]
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China. During the two hour-long event, Xiaomi CEO and founder Lei Jun told a packed room whose attendees […]
Xiaomi’s CEO said on Monday his goal for the firm’s first electric vehicle was that it would be the “best looking, easiest to drive and smartest car” priced below CNY 500,000 (roughly Rs. 57,93,508), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price […]
A joint venture between Indian conglomerate JSW Group and MG Motor expects to have sold 1 million electric vehicles in India by 2030 and corner a third of the market, a JSW executive said. The two companies said that the JV plans to move into the premium passenger vehicle segment as they launched their new […]
India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million (roughly Rs. 4,142 crore) in investment and manufacturing facilities within three years, potentially bolstering Tesla’s plans to enter the market. The policy is a big win for Tesla as it’s in line with what […]
China’s Xiaomi said on Tuesday it will start deliveries of its first electric vehicle (EV) model SU7 this month, venturing into the world’s largest auto market amid a brutal price war. The smartphone maker, China’s fifth-largest, said in a Weibo post it has 59 stores in 29 cities nationwide that will take orders. A launch […]
Tesla said it would recall 3,62,000 US vehicles to update its Full Self-Driving (FSD) Beta software after US regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes. The National Highway Traffic Safety Administration said the Tesla software allows a vehicle to “exceed speed limits or travel through […]
Delhi, Maharashtra, Haryana, and Uttar Pradesh have the most comprehensive electric vehicle policies with the widest range of parameters, including budget allocations, charging infrastructure and job creation, according to a new study. The study by Climate Trends, ‘Analysis Of State Electric Vehicle Policies And Their Impact’, assesses the comprehensiveness of EV policies of 26 states […]
