Your daily updates around automobile industry
Credits: finance.yahoo.com First-quarter results from Tesla show that it made more profits in the first three months of the year with Bitcoin than it did with its car business. The company reached a quarterly record with net income at $438 million. However, Tesla did not earn its record profits from selling cars, according to its Q1 2021 […]
Credits: www.cartoq.com Earlier this year, American electric car manufacturer Tesla announced that they will be entering the Indian market. The manufacturer even registered itself as a company under the name Tesla India Motors and Energy Private Limited in Karnataka. The manufacturer currently plans to import there models to India rather than manufacturing or assembling it. […]
Credits: www.globaltimes.cn Business representatives from both China and the US expect closer ties to jointly develop the auto industry that is directed at smart electric vehicles (EVs). They are calling for an open and fair business environment despite the ongoing tensions between the world’s two largest economies. Xu Haidong, assistant secretary general of the China […]
Credits: www.aljazeera.com The electric carmaker said last month it had bought $1.5bn of Bitcoin, sending the price of the cryptocurrency soaring. Tesla Inc chief Elon Musk said on Wednesday the company’s electric vehicles can now be bought using Bitcoin in the United States and the option will be extended to other countries later this year. […]
Credits: www.livemint.com Volkswagen AG’s boss Herbert Diess is realistic about the threat posed by software-savvy and richly valued rivals such as Tesla Inc., but he’s adamant that VW can prevail. On current form, he may be right. The German car giant has added almost 45 billion euros ($53.5 billion) of market value so far this […]
Credits: www.techcrunch.com Today in an SEC filing, Tesla disclosed that it has acquired $1.5 billion in bitcoin, the popular cryptocurrency. Moreover, the company noted that it may also accept bitcoin in the future as a form of payment for its cars, though it did allow that there is some regulatory uncertainty around that effort. As the […]
Elon Musk all but confirmed Tesla Inc. will enter India last week, sparking jubilation among fans, some of whom have had their electric cars on order for years. But it may prove the company’s hardest yet market to crack. The world’s richest man on Jan. 13 tweeted “as promised” in response to a report on a Tesla-focused […]
Recently Elon Musk ( C.E.O. of Tesla Motors ) met P.M. Modi at Tesla’s headquarters in California, U.S. Musk has also announced that the company will be launching their first Tesla in India in 2021. What competitions would Tesla face after stepping into Indian markets? As one the biggest Indian automakers Tata Motors already trying […]
The wait for seeing Tesla in India may get over soon. Indian citizens can now brace themselves for soon being able to see Elon Musk’s Tesla cars rolling down on Indian roads! According to sources in the know, on September 10th, the revolutionary car-maker Tesla initiated discussions with the government officials of Karnataka for opening up a […]