Xiaomi announced in 2022 that it would foray into the electric vehicle segment with the introduction of its first such EV scheduled for some time in 2024. According to a new report, the electric vehicle codenamed ‘Modena’ has been spotted being tested in snow and ice weather conditions in China’s Inner Mongolia Autonomous Region, as […]
Elon Musk took the witness stand Friday to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening. The tweet resulted in a $40 million (roughly Rs. 323 crore) settlement with securities regulators. It also led to a class-action lawsuit alleging
Elon Musk Takes Witness Stand, Defends 2018 Buyout Tweets in Tesla Shareholder Trial Read More »
Elon Musk returned to federal court to defend himself against a class-action lawsuit that alleges he misled Tesla shareholders with a tweet about an aborted buyout that the billionaire defiantly insisted Tuesday he could have pulled off, had he wanted. Musk spent roughly three more hours on the stand during his third day of testimony
The rapid take-up of electric vehicles in India’s fledgling market has prompted a major rethink about the country’s long-term fuel needs as refiners in Asia’s third-largest economy hasten their shift away from oil production. India, one of the world’s fastest growing oil markets, has lagged major economic peers in Europe and Asia in the adoption
Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early Read More »
Suzuki Motor will invest JPY 4.5 trillion (roughly Rs. 2,85,614 crore) through fiscal 2030 in research, development and capital spending to make battery electric vehicles (EVs), it said on Thursday. The Japanese automaker known for making compact “kei” cars said it would invest JPY 2 trillion in electrification and autonomous driving technologies, while allocating JPY 2.5
Elon Musk’s enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting. The trial, centred on a pair of tweets announcing Musk had obtained the money to take Tesla private in 2018, reeled the 51-year-old billionaire into a federal courtroom in San
‘Michael Jordan of Fundraising’: Elon Musk Emerges a Money Maverick in Tesla Tweet Trial Read More »
India’s electric vehicles (EV) market is expected to grow to one crore units annual sales by 2030 and create 5 crore direct and indirect jobs, according to the Economic Survey 2022-23. The survey tabled in Parliament on Tuesday said that in December 2022, India became the third-largest automobile market, surpassing Japan and Germany in terms
An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed, according to estimates presented Tuesday at a trial examining the haphazard handling of the buyout proposal. The mind-bending estimates laid out by two experts hired by attorneys representing Tesla
Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. Customs duty on vehicles in completely built units (CBUs) costing less than $40,000 (roughly Rs. 32.7 lakh) or with engine capacity less than 3,000 cc for petrol-run vehicles and less than
Elon Musk’s former chief of staff on Wednesday testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. Sam Teller, who worked closely with Musk from 2014 to
