Tesla’s chief Elon Musk will be visiting India this month to meet Prime Minister Narendra Modi and is expected to announce on plans to invest and open a new factory in the country, news agency Reuters reported citing people with direct knowledge said.

Tesla chief will meet Modi in the fourth week of April in New Delhi, and will separately make an statement about his India plans. Musk will be accompanied by other executives during his visit.

Earlier it was reported that Tesla officials are expected to visit India this month to look at sites for a manufacturing plant which would be a major investment of about $2 billion.

Also read:&nbsp;<a data-ctorig="https://www.wionews.com/world/elon-musk-again-gets-toppled-from-worlds-richest-person-title-heres-who-has-replaced-him-this-time-696743" data-cturl="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/world/elon-musk-again-gets-toppled-from-worlds-richest-person-title-heres-who-has-replaced-him-this-time-696743&amp;sa=U&amp;ved=2ahUKEwijl63y37eFAxW4TWwGHV-lAPEQFnoECAUQAg&amp;usg=AOvVaw05Mi0At0mgi1NhOtY0Uq79&amp;arm=e" dir="ltr" href="https://www.wionews.com/world/elon-musk-again-gets-toppled-from-worlds-richest-person-title-heres-who-has-replaced-him-this-time-696743" target="_blank">Elon Musk&nbsp;is again toppled as world's richest person.</a>

It was last year in June when Musk and Modi last met in New York, and Tesla for months lobbied India to lower import taxes on electric vehicles while it weighed up a factory there.

India last month unveiled a new EV policy lowering import taxes to 15 per cent from 100 per cent on some models if a manufacturer invests at least $500 million and sets up a factory too.

Tesla has also begun production of right-hand drive cars at its German plant for export to India later this year, sources have said.

Also read:&nbsp;<a data-ctorig="https://www.wionews.com/world/elon-musk-says-us-needs-a-red-wave-to-save-it-what-does-it-mean-704074" data-cturl="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/world/elon-musk-says-us-needs-a-red-wave-to-save-it-what-does-it-mean-704074&amp;sa=U&amp;ved=2ahUKEwijl63y37eFAxW4TWwGHV-lAPEQFnoECAMQAg&amp;usg=AOvVaw01mBfXvml4iSURg1u3JT3F&amp;arm=e" dir="ltr" href="https://www.wionews.com/world/elon-musk-says-us-needs-a-red-wave-to-save-it-what-does-it-mean-704074" target="_blank">Elon Musk&nbsp;says US needs a 'red wave' to save it. What does it mean?</a>

Musk took to his X account and said, "India should have electric cars like every other country has electric cars. It's a natural progression to provide Tesla electric vehicles in India".

Tesla's push into India comes as slowing EV demand in its main US and Chinese markets coincides with intensifying competition from Chinese automakers. Tesla reported a drop in first-quarter deliveries that missed analyst estimates.

(With inputs from agencies)

Tesla’s chief Elon Musk will be visiting India this month to meet Prime Minister Narendra Modi and is expected to announce on plans to invest and open a new factory in the country, news agency Reuters reported citing people with direct knowledge said.

Tesla’s chief Elon Musk will be visiting India this month to meet Prime Minister Narendra Modi and is expected to announce on plans to invest and open a new factory in the country, news agency Reuters reported citing people with direct knowledge said. Tesla chief will meet Modi in the fourth week of April in New Delhi, and will separately make an statement about his India plans. Musk will be accompanied by other executives during his visit. Earlier it was reported that Tesla officials are expected to visit India this month to look at sites for a manufacturing plant which would be a major investment of about $2 billion. Also read: Elon Musk is again toppled as world's richest person. It was last year in June when Musk and Modi last met in New York, and Tesla for months lobbied India to lower import taxes on electric vehicles while it weighed up a factory there. India last month unveiled a new EV policy lowering import taxes to 15 per cent from 100 per cent on some models if a manufacturer invests at least $500 million and sets up a factory too. Tesla has also begun production of right-hand drive cars at its German plant for export to India later this year, sources have said. Also read: Elon Musk says US needs a 'red wave' to save it. What does it mean? Musk took to his X account and said, "India should have electric cars like every other country has electric cars. It's a natural progression to provide Tesla electric vehicles in India". Tesla's push into India comes as slowing EV demand in its main US and Chinese markets coincides with intensifying competition from Chinese automakers. Tesla reported a drop in first-quarter deliveries that missed analyst estimates. (With inputs from agencies)

Tesla’s Elon Musk to meet PM Modi in India, expected to announce investment plans: Report

Tesla has reached a settlement in a lawsuit stemming from a 2018 car crash that claimed the life of an Apple engineer. <o:p></o:p>

The accident occurred when the engineer's Tesla Model X, operating on Autopilot, veered off a highway near San Francisco. <o:p></o:p>

The settlement was reached just before the trial was set to begin.<o:p></o:p>

Walter Huang, a 38-year-old Apple engineer, lost his life in the 2018 crash and his family alleged that Tesla's Autopilot system steered the Model X into a highway barrier. <o:p></o:p>

Court documents revealed that plaintiffs' lawyers had questioned a Tesla witness about the company's awareness of drivers potentially not paying attention to the road while using Autopilot. <o:p></o:p>

In defence, Tesla argued that Huang misused the system by playing a video game just moments before the accident.<o:p></o:p>

The terms of the settlement remain confidential. <o:p></o:p>

This development comes at a time when Tesla's CEO, Elon Musk, is actively promoting self-driving technology as pivotal to the company's financial future. <o:p></o:p>

Tesla's reputation has been at stake due to several lawsuits related to Autopilot-related accidents, which could lead to significant financial implications and reputational harm for the automaker.<o:p></o:p>

Reuters cited Bryant Walker Smith, a law professor at the University of South Carolina specialising in autonomous vehicle law, who said, "It is striking to me that Tesla decided to go this far publicly and then settle... What this does do, though, is it says to other attorneys, we might settle. We might not always fight it. That is the signal." <o:p></o:p>

Previously, Tesla had successfully defended itself in two California trials over Autopilot by arguing that the drivers had failed to maintain attention while using the system.<o:p></o:p>

Despite Musk's promises over the years about Tesla's imminent production of an autonomous car, the company has yet to deliver on this front. <o:p></o:p>

Musk recently announced plans to unveil a self-driving robotaxi on August 8, after shifting focus from an inexpensive car plan to robotaxis. <o:p></o:p>

To attract more users, Tesla also revealed intentions to offer US customers a free one-month trial of its Full Self-Driving driver-assist technology.<o:p></o:p>

Sam Abuelsamid, an analyst at Guidehouse Insights, noted the potential repercussions of negative publicity for Tesla, especially when the company is already struggling with declining sales and reputational damage due to controversial remarks from Musk. <o:p></o:p>

"The last thing they would want right now is to have a public trial showing all of the problems with Full Self-Driving," Reuters quoted Abuelsamid as saying.<o:p></o:p>

Tesla's Autopilot system, priced at $6,000, offers features like speed adjustment to surrounding traffic and lane navigation on highways. <o:p></o:p>

The enhanced Autopilot adds capabilities such as automated lane changes and self-parking. <o:p></o:p>

Meanwhile, the Full Self-Driving option, costing $12,000, incorporates automated features tailored for city streets, including stop-light recognition. <o:p></o:p>

Tesla maintains that despite these advanced features, the car does not become fully autonomous and requires a "fully attentive driver" prepared to take control at any moment.<o:p></o:p>

Musk's past statement on social media in 2022 indicated a firm stance against settling cases. <o:p></o:p>

"We will never surrender/settle an unjust case against us, even if we will probably lose," he said. <o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Tesla has reached a settlement in a lawsuit stemming from a 2018 car crash that claimed the life of an Apple engineer. The accident occurred when the engineer's Tesla Model X, operating on Autopilot, veered off a highway near San Francisco.

Tesla has reached a settlement in a lawsuit stemming from a 2018 car crash that claimed the life of an Apple engineer. The accident occurred when the engineer's Tesla Model X, operating on Autopilot, veered off a highway near San Francisco. The settlement was reached just before the trial was set to begin. Walter Huang, a 38-year-old Apple engineer, lost his life in the 2018 crash and his family alleged that Tesla's Autopilot system steered the Model X into a highway barrier. Court documents revealed that plaintiffs' lawyers had questioned a Tesla witness about the company's awareness of drivers potentially not paying attention to the road while using Autopilot. In defence, Tesla argued that Huang misused the system by playing a video game just moments before the accident. The terms of the settlement remain confidential. This development comes at a time when Tesla's CEO, Elon Musk, is actively promoting self-driving technology as pivotal to the company's financial future. Tesla's reputation has been at stake due to several lawsuits related to Autopilot-related accidents, which could lead to significant financial implications and reputational harm for the automaker. Reuters cited Bryant Walker Smith, a law professor at the University of South Carolina specialising in autonomous vehicle law, who said, "It is striking to me that Tesla decided to go this far publicly and then settle... What this does do, though, is it says to other attorneys, we might settle. We might not always fight it. That is the signal." Previously, Tesla had successfully defended itself in two California trials over Autopilot by arguing that the drivers had failed to maintain attention while using the system. Despite Musk's promises over the years about Tesla's imminent production of an autonomous car, the company has yet to deliver on this front. Musk recently announced plans to unveil a self-driving robotaxi on August 8, after shifting focus from an inexpensive car plan to robotaxis. To attract more users, Tesla also revealed intentions to offer US customers a free one-month trial of its Full Self-Driving driver-assist technology. Sam Abuelsamid, an analyst at Guidehouse Insights, noted the potential repercussions of negative publicity for Tesla, especially when the company is already struggling with declining sales and reputational damage due to controversial remarks from Musk. "The last thing they would want right now is to have a public trial showing all of the problems with Full Self-Driving," Reuters quoted Abuelsamid as saying. Tesla's Autopilot system, priced at $6,000, offers features like speed adjustment to surrounding traffic and lane navigation on highways. The enhanced Autopilot adds capabilities such as automated lane changes and self-parking. Meanwhile, the Full Self-Driving option, costing $12,000, incorporates automated features tailored for city streets, including stop-light recognition. Tesla maintains that despite these advanced features, the car does not become fully autonomous and requires a "fully attentive driver" prepared to take control at any moment. Musk's past statement on social media in 2022 indicated a firm stance against settling cases. "We will never surrender/settle an unjust case against us, even if we will probably lose," he said. (With inputs from Reuters)

Tesla settles lawsuit over fatal autopilot crash involving Apple engineer

Tesla's stock price has been on a downward spiral, fueled by concerns over weaker-than-expected delivery numbers. Reuters also reported that tesla was shelving plans for a cheaper electric vehicle. In an attempt to change the narrative, CEO Elon Musk announced plans to unveil a Tesla Robotaxi in August. This news caused a temporary stock bump, but some analysts remain sceptical.

Tesla stock drops after weak deliveries, Musk announces Robotaxi

Here we bring you a quick round-up of all the latest news and top headlines from all across the globe: Microsoft expands its presence in UK, announces new AI hub. Nancy Pelosi joins call for stopping weapons transfer to Tel Aviv. Ottawa needs to do more to protect the Arctic, says PM Trudeau. Investors express displeasure over Tesla's low cost EV model. Watch in for more details!

Canada to boost defence spending | Tesla's low cost EV model | London's own AI hub

Tesla's CEO, Elon Musk, has disclosed the debut date for the Tesla robotaxi. In a post circulated on his platform X, formerly known as Twitter, the tech magnate stated,&nbsp;“Tesla Robotaxi unveil on 8/8.”

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Tesla Robotaxi unveil on 8/8
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1776351450542768368?ref_src=twsrc%5Etfw">April 5, 2024</a></blockquote>
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According to Market Watch, this triggered an almost&nbsp;four per cent increase in Tesla's stock to $171.19 in after-hours trading on Friday (April 5). This announcement followed shortly after Musk dismissed reports about scrapping plans for a cheaper vehicle, reaffirming Tesla's dedication to an autonomous vehicle that has the potential to revolutionise the automotive sector.

<a href="https://www.wionews.com/world/meta-ceo-mark-zuckerbergs-wealth-tops-rival-elon-musk-for-first-time-since-2020-708357">Also read |&nbsp;Meta CEO Mark Zuckerberg's wealth tops rival Elon Musk for first time since 2020</a>

<h2 dir="ltr">What is a Robotaxi?</h2>

A Robotaxi is a fancy term for a self-driving car that works like a taxi. Elon Musk, CEO at Tesla Motors, spoke about it at a meeting for investors in 2019. He imagined a future where people could make money by letting others use their self-driving cars as taxis.&nbsp;

But making this idea a reality hasn't been easy. Elon Musk admitted there have been delays. He said, "Sometimes I'm not on time," which means he's late with his plans.

One big problem is getting permission from the government for Tesla's self-driving technology. Last year, Tesla had to call back a bunch of cars because a safety group found issues with their self-driving software. They said the software could make Tesla cars go too fast or drive strangely and dangerously.

Also watch |&nbsp;Elon Musk announces new X feature - Community Posts

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musk-announces-new-x-feature-community-posts-707739/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Right now, if you buy a new Tesla Model 3, you can add the self-driving feature for $12,000 more on top of the car's starting price of $40,000. Or you can pay a monthly fee starting at $199, depending on what features your car has.

(With inputs from agencies)

&nbsp;

Tesla's CEO, Elon Musk, has disclosed the debut date for the Tesla robotaxi. In a post circulated on his platform X, formerly known as Twitter, the tech magnate stated, “Tesla Robotaxi unveil on 8/8.

Tesla's CEO, Elon Musk, has disclosed the debut date for the Tesla robotaxi. In a post circulated on his platform X, formerly known as Twitter, the tech magnate stated, “Tesla Robotaxi unveil on 8/8.” Tesla Robotaxi unveil on 8/8 — Elon Musk (@elonmusk) April 5, 2024 × According to Market Watch, this triggered an almost four per cent increase in Tesla's stock to $171.19 in after-hours trading on Friday (April 5). This announcement followed shortly after Musk dismissed reports about scrapping plans for a cheaper vehicle, reaffirming Tesla's dedication to an autonomous vehicle that has the potential to revolutionise the automotive sector. Also read | Meta CEO Mark Zuckerberg's wealth tops rival Elon Musk for first time since 2020 What is a Robotaxi? A Robotaxi is a fancy term for a self-driving car that works like a taxi. Elon Musk, CEO at Tesla Motors, spoke about it at a meeting for investors in 2019. He imagined a future where people could make money by letting others use their self-driving cars as taxis. But making this idea a reality hasn't been easy. Elon Musk admitted there have been delays. He said, "Sometimes I'm not on time," which means he's late with his plans. One big problem is getting permission from the government for Tesla's self-driving technology. Last year, Tesla had to call back a bunch of cars because a safety group found issues with their self-driving software. They said the software could make Tesla cars go too fast or drive strangely and dangerously. Also watch | Elon Musk announces new X feature - Community Posts Right now, if you buy a new Tesla Model 3, you can add the self-driving feature for $12,000 more on top of the car's starting price of $40,000. Or you can pay a monthly fee starting at $199, depending on what features your car has. (With inputs from agencies)

Elon Musk’s Tesla to launch ‘robotaxis’ this August. What are they?

In a first since 2020, Mark Zuckerberg surged past Elon Musk to become the third-richest person in the world according to Bloomberg's ranking. Zuckerberg and Musk's net worth is $186.

In a first since 2020, Mark Zuckerberg surged past Elon Musk to become the third-richest person in the world according to Bloomberg's ranking. Zuckerberg and Musk's net worth is $186.9 billion and $180.6 billion respectively. Musk Slips as Tesla Faces Challenges The shift came after Reuters reported that Tesla Inc. had canceled plans for a less-expensive car. Though Musk denied the report, the Tesla stock took a hit. Elon Musk is currently ranked fourth on the Bloomberg Billionaires Index. In contrast, with the success of Meta, Zuckerberg's wealth has grown, and the company stock has risen to new heights this year getting him in the top 3 for the first time since 2020. This year Tesla stock has seen a 34% drop meanwhile, Meta Platforms Inc. has surged by 49% Also read: Meta makes changes on deepfakes and other altered content ahead of US Presidential election Tech Dominance in Wealth Creation With the AI boom in full swing, a broader trend shows that technology companies have been doing well in the market. Meanwhile, EVs (electric vehicle) stocks have seen a dip. Beyond Wealth: A Public Rivalry Elon Musk and Mark Zuckerberg's rivalry beyond business is well known. They both have gotten into public disputes from time to time. Last year, Musk even challenged the Meta CEO to a public boxing match, which did not happen. This came after Meta launched Threads which is a direct competitor to Elon Musk-owned Twitter, now X. Who are the two richest persons according to the Bloomberg Billionaires Index At the top spot in the Bloomberg Billionaires Index is Bernard Arnault the chairman of LVMH Moet Hennessy Louis Vuitton with a total fortune of $207.3 billion. Jeff Bezos the founder of Amazon.com Inc. is the second wealthiest man with a total fortune of $207.3 billion.

Meta CEO Mark Zuckerberg's wealth tops rival Elon Musk for first time since 2020

Tesla is making a move towards the Indian market. The company plans to send a team to India by late April to scout potential locations for a new electric vehicle (EV) manufacturing plant. Meanwhile, tesla's stock price has taken a hit recently, dropping over 33% year-to-date. This decline comes after the company reported disappointing first-quarter sales figures, missing even the lowest wall street estimates. Watch in for more details!

Tesla to scout locations for EV plant in India

Tesla shares continued with their downward trend on Tuesday. The company's shares fell 4.9% in New York, extending their 2024 slide to 33%. That's the second-worst showing in the s&p 500 index.

Tesla delivers just 386,810 vehicles in January-March quarter

Billionaire Elon Musk has talked about his ketamine prescription, stating that it's beneficial for Tesla's investors. He said that he is "almost always" sober when he is posting on his social media platform X during late-night or very early morning.&nbsp;

Ketamine is also used as a treatment for depression and pain management. Experts have revealed that it is a dissociative anaesthetic used medically for induction and maintenance of anaesthesia.&nbsp;

In a video interview with former CNN anchor Don Lemon posted online on Monday (Mar 18), Musk said that the drug helps him manage a "negative chemical state" similar to depression.&nbsp;

The businessman majorly talked about politics, and content moderation on X and Tesla during the interview, which was conducted this month.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/technology/meta-under-probe-fire-for-alleged-role-in-illicit-drug-sales-adviser-quits-over-self-harm-content-701026">Meta under probe for alleged role in illicit drug sales; adviser quits over self harm content</a>&nbsp;

"From the standpoint of Wall Street, what matters is execution," said Musk, who runs Tesla, the rocket company SpaceX and the social media platform X.

"For investors, if there's something I'm taking, I should keep taking it," he added, referring to Tesla's success.&nbsp;

In January, a Wall Street Journal investigative report detailed Musk's drug usage. It claimed that he had used drugs including LSD, cocaine, ecstasy and psychedelic mushrooms. The report, to some extent, worried executives and board members at his companies.&nbsp;

In the aftermath of the report, concerns were raised that illegal drug use would likely be a violation of federal policies that could jeopardise SpaceX's government contracts.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/world/over-300000-america-jobs-at-risk-tiktok-ceo-reacts-to-us-house-vote-on-app-699894">Over 300,000 American jobs at risk: TikTok CEO asks users to oppose bill aiming to ban app</a>&nbsp;

According to a source-based report by The Journal, one Tesla director became so dissatisfied with Musk's behaviour that she did not seek re-election to the board in 2019.&nbsp;

Musk responded to the Journal report on X in January, saying that he agreed to three years of random drug testing at the request of the National Aeronautics and Space Administration, which partners with SpaceX. "Not even trace quantities were found of any drugs or alcohol," Musk said.&nbsp;

During the interview, Musk told Lemon that he had a doctor's prescription for ketamine. The billionaire estimated he took "a small amount every other week."&nbsp;

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The Don Lemon Show episode 1: Elon Musk 
 
TIMESTAMPS: 
(02:23) News on X 
(10:07) Donald Trump and Endorsing a Candidate 
(13:04) The New Tesla Roadster 
(16:46) Relaxation and Video Games 
(17:54) Tweeting and Drug Use 
(23:19) The Great Replacement Theory 
(30:03) Content Moderation… <a href="https://t.co/bLRae4DhyO">pic.twitter.com/bLRae4DhyO</a>
— Don Lemon (@donlemon) <a href="https://twitter.com/donlemon/status/1769692006551593144?ref_src=twsrc%5Etfw">March 18, 2024</a></blockquote>
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Musk was responding&nbsp;to Lemon's&nbsp;question on what his ketamine prescription was intended for, and if he ever worried "that this may get in the way of your government contracts and clearances and Wall Street as well."&nbsp;

Lemon said last week that Musk cancelled an exclusive partnership that "The Don Lemon Show" had with X. He has posted the interview on YouTube and X.&nbsp;

Watch what Elon Musk said about illegal immigrants, the census, and the Electoral College&nbsp;

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Elon Musk Educates Don Lemon on Illegal Immigrants, Census, and the Electoral College 
 
LEMON: "You claim that Democrats and Biden are opening the border to gain more votes, but undocumented immigrants cannot vote in Federal Elections, so how is that possible?" 
 
MUSK: "If you look… <a href="https://t.co/LmCEreXZQw">pic.twitter.com/LmCEreXZQw</a>
— KanekoaTheGreat (@KanekoaTheGreat) <a href="https://twitter.com/KanekoaTheGreat/status/1769772429239550086?ref_src=twsrc%5Etfw">March 18, 2024</a></blockquote>
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(With inputs from agencies)&nbsp;

Billionaire Elon Musk has talked about his ketamine prescription, stating that it's beneficial for Tesla's investors. He said that he is "almost always" sober when he is posting on his social media platform X during late-night or very early morning.

Billionaire Elon Musk has talked about his ketamine prescription, stating that it's beneficial for Tesla's investors. He said that he is "almost always" sober when he is posting on his social media platform X during late-night or very early morning. Ketamine is also used as a treatment for depression and pain management. Experts have revealed that it is a dissociative anaesthetic used medically for induction and maintenance of anaesthesia. In a video interview with former CNN anchor Don Lemon posted online on Monday (Mar 18), Musk said that the drug helps him manage a "negative chemical state" similar to depression. The businessman majorly talked about politics, and content moderation on X and Tesla during the interview, which was conducted this month. Also read: Meta under probe for alleged role in illicit drug sales; adviser quits over self harm content "From the standpoint of Wall Street, what matters is execution," said Musk, who runs Tesla, the rocket company SpaceX and the social media platform X. "For investors, if there's something I'm taking, I should keep taking it," he added, referring to Tesla's success. In January, a Wall Street Journal investigative report detailed Musk's drug usage. It claimed that he had used drugs including LSD, cocaine, ecstasy and psychedelic mushrooms. The report, to some extent, worried executives and board members at his companies. In the aftermath of the report, concerns were raised that illegal drug use would likely be a violation of federal policies that could jeopardise SpaceX's government contracts. Also read: Over 300,000 American jobs at risk: TikTok CEO asks users to oppose bill aiming to ban app According to a source-based report by The Journal, one Tesla director became so dissatisfied with Musk's behaviour that she did not seek re-election to the board in 2019. Musk responded to the Journal report on X in January, saying that he agreed to three years of random drug testing at the request of the National Aeronautics and Space Administration, which partners with SpaceX. "Not even trace quantities were found of any drugs or alcohol," Musk said. During the interview, Musk told Lemon that he had a doctor's prescription for ketamine. The billionaire estimated he took "a small amount every other week." The Don Lemon Show episode 1: Elon Musk TIMESTAMPS: (02:23) News on X (10:07) Donald Trump and Endorsing a Candidate (13:04) The New Tesla Roadster (16:46) Relaxation and Video Games (17:54) Tweeting and Drug Use (23:19) The Great Replacement Theory (30:03) Content Moderation… pic.twitter.com/bLRae4DhyO — Don Lemon (@donlemon) March 18, 2024 × Musk was responding to Lemon's question on what his ketamine prescription was intended for, and if he ever worried "that this may get in the way of your government contracts and clearances and Wall Street as well." Lemon said last week that Musk cancelled an exclusive partnership that "The Don Lemon Show" had with X. He has posted the interview on YouTube and X. Watch what Elon Musk said about illegal immigrants, the census, and the Electoral College Elon Musk Educates Don Lemon on Illegal Immigrants, Census, and the Electoral College LEMON: "You claim that Democrats and Biden are opening the border to gain more votes, but undocumented immigrants cannot vote in Federal Elections, so how is that possible?" MUSK: "If you look… pic.twitter.com/LmCEreXZQw — KanekoaTheGreat (@KanekoaTheGreat) March 18, 2024 × (With inputs from agencies)

Elon Musk talks about his ketamine prescription, reveals why he 'should keep taking it'

Billionaire Elon Musk is admitted to the use of prescribed Ketamine as he claims that it is in fact pretty benefecial for investors in Tesla and other companies that he runs.

Elon Musk defends use of Ketamine drug, says 'the drug helps manage negative chemical state'

Elon Musk defends Ketamine usage, says 'use of Ketamine is in investors' interest'

Complaints about the reverse gear on Tesla cars have resurfaced following a tragic incident involving Angela Chao, a billionaire who died after mistakenly engaging the reverse gear on her SUV, causing it to back into a pond on her Texas ranch. Watch the video to know more.

Billionaire's death put Tesla gears in focus

Complaints about the reverse gear on Tesla cars have resurfaced following a tragic incident involving Angela Chao, a billionaire who died after mistakenly engaging the reverse gear on her SUV, causing it to back into a pond on her Texas ranch.

Chao, 50, the head of Foremost Group, drowned in her submerged car shortly after midnight on February 11, at her 900-acre ranch near Austin. She had invited friends to celebrate Lunar New Year but tragically met her demise while attempting to manoeuvre her Tesla Model X SUV back to the main house.

<h2>Confusion over gearshift design</h2>

Reports indicate that Chao mistakenly put her car in reverse instead of drive while attempting a three-point turn.

This confusion over the gearshift design is not an isolated incident. The US Department of Transportation has received a dozen complaints about Tesla’s reverse gear, with users reporting similar confusion or unexpected shifting between drive and reverse.

Records obtained by Business Insider also indicate that seven users have experienced confusion with the design of the gearshift, leading to instances where they inadvertently shifted the car into drive instead of reverse.

<a href="https://www.wionews.com/technology/teslas-to-start-production-of-new-electric-vehicles-by-mid-2025-683252">Also read |&nbsp;Tesla to start production of new electric vehicles by mid-2025</a>

Testing conducted by the American Automobile Association also suggested&nbsp;that the tempered or laminated glass used by Tesla was highly resistant to breaking underwater, reported&nbsp;The Times.

Chao was married to billionaire venture capitalist Jim Breyer.&nbsp;

Breyer, who previously served on the boards of Facebook, Etsy, and 21st Century Fox, is presumed to be disinclined to pursue legal action due to his personal relationship with Musk, whom he regards as a friend.

Tesla, led by CEO Elon Musk, has not yet commented on the matter.&nbsp;

The investigation into Chao's death has been shrouded in mystery, with Texas authorities withholding transcripts of 911 calls and investigators' reports. Despite initial speculation about criminal implications, sources close to the family clarified that this was a technicality rather than an indication of criminal activity.

Also watch |&nbsp;Tesla's entry into India to be a gamechanger?

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/teslas-entry-into-india-to-be-a-gamechanger-694188/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Angela Chao was the youngest of six sisters, hailing from a prominent family with ties to politics and philanthropy.&nbsp;

(With inputs from agencies)

Complaints about the reverse gear on Tesla cars have resurfaced following a tragic incident involving Angela Chao, a billionaire who died after mistakenly engaging the reverse gear on her SUV, causing it to back into a pond on her Texas ranch.

Complaints about the reverse gear on Tesla cars have resurfaced following a tragic incident involving Angela Chao, a billionaire who died after mistakenly engaging the reverse gear on her SUV, causing it to back into a pond on her Texas ranch. Chao, 50, the head of Foremost Group, drowned in her submerged car shortly after midnight on February 11, at her 900-acre ranch near Austin. She had invited friends to celebrate Lunar New Year but tragically met her demise while attempting to manoeuvre her Tesla Model X SUV back to the main house. Confusion over gearshift design Reports indicate that Chao mistakenly put her car in reverse instead of drive while attempting a three-point turn. This confusion over the gearshift design is not an isolated incident. The US Department of Transportation has received a dozen complaints about Tesla’s reverse gear, with users reporting similar confusion or unexpected shifting between drive and reverse. Records obtained by Business Insider also indicate that seven users have experienced confusion with the design of the gearshift, leading to instances where they inadvertently shifted the car into drive instead of reverse. Also read | Tesla to start production of new electric vehicles by mid-2025 Testing conducted by the American Automobile Association also suggested that the tempered or laminated glass used by Tesla was highly resistant to breaking underwater, reported The Times. Chao was married to billionaire venture capitalist Jim Breyer. Breyer, who previously served on the boards of Facebook, Etsy, and 21st Century Fox, is presumed to be disinclined to pursue legal action due to his personal relationship with Musk, whom he regards as a friend. Tesla, led by CEO Elon Musk, has not yet commented on the matter. The investigation into Chao's death has been shrouded in mystery, with Texas authorities withholding transcripts of 911 calls and investigators' reports. Despite initial speculation about criminal implications, sources close to the family clarified that this was a technicality rather than an indication of criminal activity. Also watch | Tesla's entry into India to be a gamechanger? Angela Chao was the youngest of six sisters, hailing from a prominent family with ties to politics and philanthropy. (With inputs from agencies)

Tesla’s gearshift design under scrutiny following death of US billionaire

OpenAI has issued an official response to a lawsuit filed by Elon Musk, alleging that the tech entrepreneur pushed for the AI startup to merge with Tesla or grant him full control. <o:p></o:p>

OpenAI's response detailed the discussions with Musk regarding a shift to a for-profit structure. <o:p></o:p>

The company claimed that Musk wanted either a merger with Tesla or complete control, including majority equity, initial board control, and the CEO position. <o:p></o:p>

OpenAI asserted that they could not agree to these terms as it contradicted their mission of preventing any individual from having absolute control. <o:p></o:p>

Musk allegedly suggested linking OpenAI with Tesla as a 'cash cow,' a proposal the start-up rejected.<o:p></o:p>

Quoting an email from Musk, OpenAI revealed their perspective on Tesla, stating, "Tesla is the only path that could even hope to hold a candle to Google. Even then, the probability of being a counterweight to Google is small. It just isn’t zero."<o:p></o:p>

Elon Musk, in his lawsuit, accused OpenAI of transforming into a closed-source subsidiary of Microsoft, prioritising profits for the tech giant over the original mission for the benefit of humanity. <o:p></o:p>

He demanded that OpenAI revert to an open-source platform, citing a breach of fiduciary duty --&nbsp;actions taken in the best interests of another person or entity,&nbsp;and unfair business practices.<o:p></o:p>

In response to Musk's conditions for dropping the lawsuit, OpenAI also revealed that Musk proposed a name change to "ClosedAI." <o:p></o:p>

OpenAI has issued an official response to a lawsuit filed by Elon Musk, alleging that the tech entrepreneur pushed for the AI startup to merge with Tesla or grant him full control.

OpenAI has issued an official response to a lawsuit filed by Elon Musk, alleging that the tech entrepreneur pushed for the AI startup to merge with Tesla or grant him full control. OpenAI's response detailed the discussions with Musk regarding a shift to a for-profit structure. The company claimed that Musk wanted either a merger with Tesla or complete control, including majority equity, initial board control, and the CEO position. OpenAI asserted that they could not agree to these terms as it contradicted their mission of preventing any individual from having absolute control. Musk allegedly suggested linking OpenAI with Tesla as a 'cash cow,' a proposal the start-up rejected. Quoting an email from Musk, OpenAI revealed their perspective on Tesla, stating, "Tesla is the only path that could even hope to hold a candle to Google. Even then, the probability of being a counterweight to Google is small. It just isn’t zero." Elon Musk, in his lawsuit, accused OpenAI of transforming into a closed-source subsidiary of Microsoft, prioritising profits for the tech giant over the original mission for the benefit of humanity. He demanded that OpenAI revert to an open-source platform, citing a breach of fiduciary duty -- actions taken in the best interests of another person or entity, and unfair business practices. In response to Musk's conditions for dropping the lawsuit, OpenAI also revealed that Musk proposed a name change to "ClosedAI."

OpenAI and Elon Musk in legal tangle: AI mission derailed by clash over control and profit

Arsonists identifying as the Volcano Group caused Tesla's German factory to lose power, potentially leading to damages amounting to almost $1 billion, claimed the Elon Musk company.

The incident in which a single high-voltage power mast near the Tesla factory in Grünheide was set ablaze left over 60,000 residents in Brandenburg and parts of Berlin without electricity. It has raised broader concerns about safeguarding critical infrastructure from vandals and saboteurs.

<h2>Elend&nbsp;'Misery' Musk</h2>

In a statement to the media, the arsonist group referred to Tesla CEO Elon Musk as "Elend" Musk, using a wordplay that means "misery" in German, and claimed that "the complete destruction of the Gigafactory and the lopping off of technofascists like 'Elend' Musk are a step on the path towards liberation from the patriarchy".

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/openai-and-elon-musk-in-legal-tangle-ai-mission-derailed-by-clash-over-control-and-profit-697476">OpenAI and Elon Musk in legal tangle: AI mission derailed by clash over control and profit</a>

As per a Fortune report citing the plant's senior director Andre Thierig, due to the disruption production was halted, affecting around 1,000 vehicles per day, which he said could ramp up losses in the "high hundreds of millions" of euros.

Tesla's European factory in Grünheide, its first in Europe, produces the Model Y crossover for most European left-hand drive markets, including Germany.

<h2>Impact on Tesla</h2>

With the factory's ventilation system offline, all 12,500 employees had to be sent home, and repairs by the local grid operator could take several days.

"We currently do not expect to resume production this week," Thierig told the press.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/apple-faces-24-pc-dip-in-china-iphone-sales-amid-huaweis-64-pc-surge-697527">Apple faces 24 pc dip in China iPhone sales amid Huawei's 64 pc surge</a>

The attackers, described by Musk as the "dumbest eco-terrorists on Earth," have managed to evade arrest despite their sporadic attacks on electronic cables controlling telecommunications, trains, and manufacturing plants in remote locations once every year or two.

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These are either the dumbest eco-terrorists on Earth or they’re puppets of those who don’t have good environmental goals. 
 
Stopping production of electric vehicles, rather than fossil fuel vehicles, ist extrem dumm.
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1764998660406845620?ref_src=twsrc%5Etfw">March 5, 2024</a></blockquote>
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The Federal Association for the Protection of Critical Infrastructures (BSKI) vice chairperson Hans-Walter Borries suggested using drones to monitor critical infrastructure, stating that more needs to be done to protect these vulnerable targets.

"We need to protect these objects just like we might with a military installation," he told regional broadcaster Radio Berlin-Brandenburg on Tuesday.

This incident adds to a series of challenges faced by Tesla's European factory, including recent local opposition to its expansion and allegations of water pollution.

As per Fortune, this incident could have a "silver lining". Despite these setbacks, the production stoppage could help reduce unsold inventory in Europe without requiring additional price incentives.

(With inputs from agencies)

Arsonists identifying as the Volcano Group caused Tesla's German factory to lose power, potentially leading to damages amounting to almost $1 billion, claimed the Elon Musk company.

Arsonists identifying as the Volcano Group caused Tesla's German factory to lose power, potentially leading to damages amounting to almost $1 billion, claimed the Elon Musk company. The incident in which a single high-voltage power mast near the Tesla factory in Grünheide was set ablaze left over 60,000 residents in Brandenburg and parts of Berlin without electricity. It has raised broader concerns about safeguarding critical infrastructure from vandals and saboteurs. Elend 'Misery' Musk In a statement to the media, the arsonist group referred to Tesla CEO Elon Musk as "Elend" Musk, using a wordplay that means "misery" in German, and claimed that "the complete destruction of the Gigafactory and the lopping off of technofascists like 'Elend' Musk are a step on the path towards liberation from the patriarchy". Also read | OpenAI and Elon Musk in legal tangle: AI mission derailed by clash over control and profit As per a Fortune report citing the plant's senior director Andre Thierig, due to the disruption production was halted, affecting around 1,000 vehicles per day, which he said could ramp up losses in the "high hundreds of millions" of euros. Tesla's European factory in Grünheide, its first in Europe, produces the Model Y crossover for most European left-hand drive markets, including Germany. Impact on Tesla With the factory's ventilation system offline, all 12,500 employees had to be sent home, and repairs by the local grid operator could take several days. "We currently do not expect to resume production this week," Thierig told the press. Also read | Apple faces 24 pc dip in China iPhone sales amid Huawei's 64 pc surge The attackers, described by Musk as the "dumbest eco-terrorists on Earth," have managed to evade arrest despite their sporadic attacks on electronic cables controlling telecommunications, trains, and manufacturing plants in remote locations once every year or two. These are either the dumbest eco-terrorists on Earth or they’re puppets of those who don’t have good environmental goals. Stopping production of electric vehicles, rather than fossil fuel vehicles, ist extrem dumm. — Elon Musk (@elonmusk) March 5, 2024 × The Federal Association for the Protection of Critical Infrastructures (BSKI) vice chairperson Hans-Walter Borries suggested using drones to monitor critical infrastructure, stating that more needs to be done to protect these vulnerable targets. "We need to protect these objects just like we might with a military installation," he told regional broadcaster Radio Berlin-Brandenburg on Tuesday. This incident adds to a series of challenges faced by Tesla's European factory, including recent local opposition to its expansion and allegations of water pollution. As per Fortune, this incident could have a "silver lining". Despite these setbacks, the production stoppage could help reduce unsold inventory in Europe without requiring additional price incentives. (With inputs from agencies)

Elon Musk's Tesla suffers $1bn in losses after arsonists cause power outage at German factory

Tesla's electric vehicle plant near Berlin came to a standstill and this after a power outage. Well, the fire however, did not reach the electric car makers factory itself but it did burn an electricity pylon.

Tesla German plant halts production after suspected arson attack, Musk calls attack 'extremely dumb'

Tesla halted production at its German factory Tuesday after power lines supplying the electric carmaker’s only European plant were set on fire in an act of sabotage claimed by a far-left group. Watch in for more details!

Tesla halts German factory production after attack claimed by far-left group

Tesla German factory halts operations after electricity pylon damage, suspected arson in factory

Tesla's production at its German factory came to a standstill on Tuesday after alleged assailants set fire to high-voltage lines in close proximity, causing a power outage at the only Tesla plant in Europe, as confirmed by the company and authorities.

Also read:&nbsp;<a data-ctorig="https://www.wionews.com/business-economy/tesla-berlin-halts-production-amid-red-sea-disruption-crisis-here-are-the-details-679257" data-cturl="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/business-economy/tesla-berlin-halts-production-amid-red-sea-disruption-crisis-here-are-the-details-679257&amp;sa=U&amp;ved=2ahUKEwiV_peZgd2EAxVfiK8BHf5cA0Y4ChAWegQIBhAC&amp;usg=AOvVaw0ySt5swlRlr3VQE1V0Y-EI" dir="ltr" href="https://www.wionews.com/business-economy/tesla-berlin-halts-production-amid-red-sea-disruption-crisis-here-are-the-details-679257" target="_blank">Tesla&nbsp;Berlin halts production amid Red Sea disruption crisis.</a>

Emergency services responded to a report of a burning electricity pylon southeast of Berlin in the early hours, located in the factory's vicinity.

Firefighters successfully extinguished the blaze, but the incident resulted in a loss of power not only to the Tesla factory but also to surrounding villages. Authorities have initiated an investigation into the incident, treating it as a suspected case of arson.

While environmental activists opposing the planned expansion of the Tesla factory had recently established a camp near the plant, the police refrained from speculating on any potential connection between the activist group and the fire.

Also read:&nbsp;<a data-ctorig="https://www.wionews.com/world/robot-at-teslas-texas-factory-attacked-engineer-leaving-a-trail-of-blood-report-673845" data-cturl="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/world/robot-at-teslas-texas-factory-attacked-engineer-leaving-a-trail-of-blood-report-673845&amp;sa=U&amp;ved=2ahUKEwjMvJ__gN2EAxXE1jgGHWFsAukQFnoECAYQAg&amp;usg=AOvVaw3QDY-OmN7J5GgAUkJXt4B9" dir="ltr" href="https://www.wionews.com/world/robot-at-teslas-texas-factory-attacked-engineer-leaving-a-trail-of-blood-report-673845" target="_blank">Robot at&nbsp;Tesla's&nbsp;Texas factory attacks engineer</a>

Michael Stuebgen, the interior minister for Brandenburg state, characterised the incident as a "perfidious attack on our electricity infrastructure" and emphasised the severe consequences on the affected population.

Stuebgen underlined the commitment to address such acts of sabotage with the utmost severity but urged against premature speculation regarding responsibility.

Also read:&nbsp;<a data-ctorig="https://www.wionews.com/india-news/elon-musks-tesla-to-set-up-first-indian-manufacturing-plant-in-gujarat-674748" data-cturl="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/india-news/elon-musks-tesla-to-set-up-first-indian-manufacturing-plant-in-gujarat-674748&amp;sa=U&amp;ved=2ahUKEwjMvJ__gN2EAxXE1jgGHWFsAukQFnoECAEQAg&amp;usg=AOvVaw1GbzvW0YU0CYujaoUxmk0v" dir="ltr" href="https://www.wionews.com/india-news/elon-musks-tesla-to-set-up-first-indian-manufacturing-plant-in-gujarat-674748" target="_blank">Elon Musk's&nbsp;Tesla&nbsp;to set up first Indian manufacturing plant</a>

In response to the situation, Tesla assured that the production facilities were in a safe state post the shutdown and employees were released from work.

The company, however, expressed uncertainty about the timeline for resuming production.

(With inputs from agencies)

Tesla's production at its German factory came to a standstill on Tuesday after alleged assailants set fire to high-voltage lines in close proximity, causing a power outage at the only Tesla plant in Europe, as confirmed by the company and authorities.

Tesla's production at its German factory came to a standstill on Tuesday after alleged assailants set fire to high-voltage lines in close proximity, causing a power outage at the only Tesla plant in Europe, as confirmed by the company and authorities. Also read: Tesla Berlin halts production amid Red Sea disruption crisis. Emergency services responded to a report of a burning electricity pylon southeast of Berlin in the early hours, located in the factory's vicinity. Firefighters successfully extinguished the blaze, but the incident resulted in a loss of power not only to the Tesla factory but also to surrounding villages. Authorities have initiated an investigation into the incident, treating it as a suspected case of arson. While environmental activists opposing the planned expansion of the Tesla factory had recently established a camp near the plant, the police refrained from speculating on any potential connection between the activist group and the fire. Also read: Robot at Tesla's Texas factory attacks engineer Michael Stuebgen, the interior minister for Brandenburg state, characterised the incident as a "perfidious attack on our electricity infrastructure" and emphasised the severe consequences on the affected population. Stuebgen underlined the commitment to address such acts of sabotage with the utmost severity but urged against premature speculation regarding responsibility. Also read: Elon Musk's Tesla to set up first Indian manufacturing plant In response to the situation, Tesla assured that the production facilities were in a safe state post the shutdown and employees were released from work. The company, however, expressed uncertainty about the timeline for resuming production. (With inputs from agencies)

Production halts at Tesla's German plant following suspected arson attack

After more than nine months, Tesla owner Elon Musk has again lost the title of the richest person in the world. Musk was toppled from the highest position in the Bloomberg Billionaires Index and the place was taken by Amazon.

After more than nine months, Tesla owner Elon Musk has again lost the title of the richest person in the world. Musk was toppled from the highest position in the Bloomberg Billionaires Index and the place was taken by Amazon.com's founder Jeff Bezos after shares in Tesla Inc. fell by 27 per cent on Monday (Mar 4). Currently, Musk has a net worth of $197.7 billion and the fortune of Bezos is $200.3 billion. This is the first time since 2021 that 60-year-old Bezos has topped the rankings of the richest people published by Bloomberg. Also Read: 'Doesn't pay his bills': Former Twitter executives sue Elon Musk for withholding $130mn in unpaid benefits The gap in the wealth owned by 52-year-old Musk, and Bezos, which at one point was almost $142 billion, has been declining. Although both belong to the "Magnificent Seven stocks" which have rallied US equity markets, since late 2022, the shares of Amazon have more than doubled. The shares of Tesla, which had peaked in 2021, are down by 50 per cent. What led Bezos atop the wealth rankings? A major chunk of Bezos's fortune is generated from his 9 per cent stake in Amazon. He is the largest shareholder of the online retailer even after he unloaded 50 million shares, which were worth nearly $8.5 billion last month. In 2017, Bezos became the world's richest person after taking over Microsoft Inc co-founder Bill Gates. However, due to a massive rally in Tesla shares, Musk remained at the top spot for much of 2021 and Bezos kept lurking behind. Watch: Elon Musk visits Aushwitz-Birkenau amid row over anti-semitic allegation Later in 2021, Bezos fell way behind and was not able to regain the top spot until now. Meanwhile, 74-year-old Bernard Arnault, who is the chairman of LVMH Moet Hennessy Louis Vuitton, - the largest luxury goods brand in the world, also ranks among the wealthiest people in the world with a net worth of $197.5 billion. (With inputs from agencies)

Elon Musk is again toppled as world's richest person. Here's who has replaced him this time

Tesla's shares experienced a drop of more than 7 per cent on Monday following reports of a decline in sales in China for February.

The dip in sales in its key market has cast a shadow on the outlook for Tesla's global deliveries, especially amid mounting challenges such as diminishing demand and heightened competition.

The Lunar New Year holidays in China likely contributed to the slowdown in sales during February, affecting car purchasing activities in the region.

Tesla's sales in China, a crucial market for the EV giant, witnessed a decline in February, with sales of China-made vehicles dropping by 19 per cent compared to the same period last year.

Data from the China Passenger Car Association revealed that Tesla sold 60,365 vehicles during the month, marking the lowest volume since December 2022.

The Tesla Shanghai factory, which manufactures Model Y and Model 3 electric cars for the local market, Europe, and other countries, accounted for over half of Tesla's global deliveries last year.

The slump in Tesla's China sales has raised concerns among investors and analysts, particularly regarding the company's ability to sustain its global delivery momentum.

Wedbush analyst Dan Ives described the situation as a "perfect storm of headwinds" for Tesla in China, highlighting the negative impact on the company's stock performance.

In response to the challenging market conditions, Tesla has implemented several measures, including price cuts and incentives, to stimulate demand and fend off competition from Chinese rivals like BYD.

Tesla unveiled more incentives this week, including as insurance reimbursements, to draw customers in the biggest car market globally.

However, the competitive landscape in China has intensified, with BYD launching a new version of its best-selling car at a price lower than its predecessor.

This move has escalated a price war among EV manufacturers, further complicating Tesla's efforts to regain momentum in the region. BYD also reported a significant decline in sales, down 37 per cent from the previous year.

In the United States, Tesla has introduced various incentives to stimulate sales, including offering 5,000 free Supercharging miles to customers who trade in their older vehicles for a new Tesla vehicle by March 31.

Additionally, Tesla temporarily reduced prices for some of its Model Y cars in February.

Analyst Troy Teslike revised his forecast for Tesla's global deliveries for the first quarter of this year, citing weaker-than-expected sales in China despite price cuts as indicative of "a demand problem."

Tesla had previously warned of "notably lower" sales growth for the year ahead as it focuses on ramping up production of its cheaper electric vehicles.

Elon Musk: No longer the world's richest person

Meanwhile, Elon Musk, the CEO of Tesla, has renounced his title as the richest person in the world.

According to a Forbes report, he is now surpassed by Bernard Arnault, the chairman and CEO of LVMH.

Tesla's shares declined approximately 6.3 per cent on Monday, contributing to a significant drop in value this year, largely attributed to the aftermath of Musk's $44 billion acquisition of Twitter.

Musk's wealth, primarily tied to Tesla stock, soared during the carmaker's ascent, witnessing a surge of over 1,000 per cent in just two years.

Arnault, who holds over 60 per cent of LVMH's voting share class through various holding vehicles and family trusts, is estimated to be worth $186.2 billion by Forbes.

Meanwhile, Musk's fortune is closely linked to his Tesla shares, where he owns around 14.11 per cent of the outstanding shares, with a market value of $530 billion.

Additionally, Musk's ownership of more than 40 per cent of SpaceX shares further contributes to his net worth, boosted by the company's estimated valuation of $125 billion as of June 2022.

Despite a challenging year for stocks, LVMH shares have only experienced a modest decline of 1.5 per cent in 2022.

The luxury conglomerate, headquartered in Paris and listed on Euronext Paris, continues to demonstrate resilience amidst market volatility.

The shift in rankings, reflecting Arnault's ascent to the top of the wealth index, has been acknowledged by both Forbes and the Bloomberg Billionaires Index, although the latter uses slightly different methodologies for its assessments.

(With inputs from agencies)

Tesla's shares experienced a drop of more than 7 per cent on Monday following reports of a decline in sales in China for February. The dip in sales in its key market has cast a shadow on the outlook for Tesla's global deliveries, especially amid mounting challenges such as diminishing demand and heightened competition.

Tesla's shares experienced a drop of more than 7 per cent on Monday following reports of a decline in sales in China for February. The dip in sales in its key market has cast a shadow on the outlook for Tesla's global deliveries, especially amid mounting challenges such as diminishing demand and heightened competition. The Lunar New Year holidays in China likely contributed to the slowdown in sales during February, affecting car purchasing activities in the region. Tesla's sales in China, a crucial market for the EV giant, witnessed a decline in February, with sales of China-made vehicles dropping by 19 per cent compared to the same period last year. Data from the China Passenger Car Association revealed that Tesla sold 60,365 vehicles during the month, marking the lowest volume since December 2022. The Tesla Shanghai factory, which manufactures Model Y and Model 3 electric cars for the local market, Europe, and other countries, accounted for over half of Tesla's global deliveries last year. The slump in Tesla's China sales has raised concerns among investors and analysts, particularly regarding the company's ability to sustain its global delivery momentum. Wedbush analyst Dan Ives described the situation as a "perfect storm of headwinds" for Tesla in China, highlighting the negative impact on the company's stock performance. In response to the challenging market conditions, Tesla has implemented several measures, including price cuts and incentives, to stimulate demand and fend off competition from Chinese rivals like BYD. Tesla unveiled more incentives this week, including as insurance reimbursements, to draw customers in the biggest car market globally. However, the competitive landscape in China has intensified, with BYD launching a new version of its best-selling car at a price lower than its predecessor. This move has escalated a price war among EV manufacturers, further complicating Tesla's efforts to regain momentum in the region. BYD also reported a significant decline in sales, down 37 per cent from the previous year. In the United States, Tesla has introduced various incentives to stimulate sales, including offering 5,000 free Supercharging miles to customers who trade in their older vehicles for a new Tesla vehicle by March 31. Additionally, Tesla temporarily reduced prices for some of its Model Y cars in February. Analyst Troy Teslike revised his forecast for Tesla's global deliveries for the first quarter of this year, citing weaker-than-expected sales in China despite price cuts as indicative of "a demand problem." Tesla had previously warned of "notably lower" sales growth for the year ahead as it focuses on ramping up production of its cheaper electric vehicles. Elon Musk: No longer the world's richest person Meanwhile, Elon Musk, the CEO of Tesla, has renounced his title as the richest person in the world. According to a Forbes report, he is now surpassed by Bernard Arnault, the chairman and CEO of LVMH. Tesla's shares declined approximately 6.3 per cent on Monday, contributing to a significant drop in value this year, largely attributed to the aftermath of Musk's $44 billion acquisition of Twitter. Musk's wealth, primarily tied to Tesla stock, soared during the carmaker's ascent, witnessing a surge of over 1,000 per cent in just two years. Arnault, who holds over 60 per cent of LVMH's voting share class through various holding vehicles and family trusts, is estimated to be worth $186.2 billion by Forbes. Meanwhile, Musk's fortune is closely linked to his Tesla shares, where he owns around 14.11 per cent of the outstanding shares, with a market value of $530 billion. Additionally, Musk's ownership of more than 40 per cent of SpaceX shares further contributes to his net worth, boosted by the company's estimated valuation of $125 billion as of June 2022. Despite a challenging year for stocks, LVMH shares have only experienced a modest decline of 1.5 per cent in 2022. The luxury conglomerate, headquartered in Paris and listed on Euronext Paris, continues to demonstrate resilience amidst market volatility. The shift in rankings, reflecting Arnault's ascent to the top of the wealth index, has been acknowledged by both Forbes and the Bloomberg Billionaires Index, although the latter uses slightly different methodologies for its assessments. (With inputs from agencies)

Tesla shares plunge over 7 per cent as China sales decline: Report

China's leading electric vehicle (EV) manufacturer, BYD, has unveiled a new iteration of its popular car model amid a fierce price competition within the world's largest automobile market. 
 
The company has introduced the latest version at a price even lower than its discontinued predecessor, reflecting the intensifying battle for market share. 
 
The new Yuan Plus crossover, known as the Atto 3 in international markets, is offered with a starting price of $16,644, marking an 11.8 per cent decrease compared to the final sales price of its predecessor. 
 
This cost-effective strategy shows BYD's commitment to keeping a competitive advantage in the quickly changing EV market. 
 
The company's commitment to affordability aligns with the broader trend observed in the Chinese EV market, where manufacturers are striving to offer compelling value propositions to consumers. 
 
In 2023, BYD witnessed success with its Yuan Plus EV, recording sales figures of 412,202 units, a substantial portion of which were exported. 
 
According to data from the China Association of Automobile Manufacturers, approximately 42 per cent of BYD's total car exports for the year comprised the Yuan Plus model. 
BYD's international pricing strategy further accentuates its emphasis on maximising profit margins in foreign markets. 
 
For instance, the Atto 3 commands a starting price of $31,336 in Australia, representing an 85 per cent premium over its price in China. 
 
(With inputs from Reuters)

China's leading electric vehicle (EV) manufacturer, BYD, has unveiled a new iteration of its popular car model amid a fierce price competition within the world's largest automobile market.

China's leading electric vehicle (EV) manufacturer, BYD, has unveiled a new iteration of its popular car model amid a fierce price competition within the world's largest automobile market. The company has introduced the latest version at a price even lower than its discontinued predecessor, reflecting the intensifying battle for market share. The new Yuan Plus crossover, known as the Atto 3 in international markets, is offered with a starting price of $16,644, marking an 11.8 per cent decrease compared to the final sales price of its predecessor. This cost-effective strategy shows BYD's commitment to keeping a competitive advantage in the quickly changing EV market. The company's commitment to affordability aligns with the broader trend observed in the Chinese EV market, where manufacturers are striving to offer compelling value propositions to consumers. In 2023, BYD witnessed success with its Yuan Plus EV, recording sales figures of 412,202 units, a substantial portion of which were exported. According to data from the China Association of Automobile Manufacturers, approximately 42 per cent of BYD's total car exports for the year comprised the Yuan Plus model. BYD's international pricing strategy further accentuates its emphasis on maximising profit margins in foreign markets. For instance, the Atto 3 commands a starting price of $31,336 in Australia, representing an 85 per cent premium over its price in China. (With inputs from Reuters)

BYD launches new EV model with aggressive pricing amid market competition

Elon Musk, CEO of electric carmaker Tesla, had to step-in after the company ordered 4000 pies from a small bakery and then cancelled it. Giving Pies, the bakery in California, has now said that the outstanding bill is paid, said reports in media.

The Guardian reported that Voahangy Rasetarinera, the African-American owner of the bakery, told the news outlet that Tesla has paid, "...the $2k that I was out of".

The bakery in San Jose, California got a last-minute order of 2000 pies from the company on Valentine's Day. This meant a business of USD 6000 for the small bakery. As per reports, Tesla doubled the initial order to 4000 pies, and later cancelled the whole order.

Giving Pies owner Rasetarinera took to social media to say that to cater to Tesla, her bakery had to overlook other Black History Month catering inquiries before getting ready for the mammoth order. The bakery then had to purchase large amount of supplies in advance and the owner had to prepare the workforce “demanding production schedule”.

Sudden cancellation of the order made all these efforts, and money, go to waste.&nbsp;

Also Read | <a href="https://www.wionews.com/trending/no-kitchen-no-bathroom-video-of-tiniest-apartment-of-new-york-leaves-internet-fuming-watch-694070">‘No kitchen, no bathroom,’ video of ‘tiniest apartment of New York’ leaves internet fuming, watch</a>

“To me, it was clear that Tesla’s corporate culture prioritized convenience over accountability, disregarding the livelihoods of small business owners like myself,” said Rasetarinera.

“This experience serves as a stark reminder of the vulnerability faced by small businesses when dealing with larger corporations. Despite our best efforts to uphold our commitments and provide quality service, we are often left at the mercy of decisions made in corporate boardrooms.”

Watch | International Polar Bear Day: Scientists to study cubs tucked up in their dens

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The incident got traction online and was covered widely in the media. The bakery saw support in-person and online from across the world.

The increasing coverage made Musk take notice.

"Just hearing about this. Will make things good with the bakery. People should always be able to count on Tesla trying its best," he posted on X on Saturday (February 24).

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Just hearing about this. Will make things good with the bakery. 
 
People should always be able to count on Tesla trying its best.
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“As I reflect on this ordeal, I am reminded of the resilience and determination that have propelled me forward as a black woman entrepreneur,” she said. “While Tesla’s actions may have caused temporary setbacks, they will not deter me from pursuing my passion and serving my community with integrity and pride.”

Rasetarinera was quoted by The Guardian.

(With inputs from agencies)

Elon Musk, CEO of electric carmaker Tesla, had to step-in after the company ordered 4000 pies from a small bakery and then cancelled it. Giving Pies, the bakery in California, has now said that the outstanding bill is paid, said reports in media.

Elon Musk, CEO of electric carmaker Tesla, had to step-in after the company ordered 4000 pies from a small bakery and then cancelled it. Giving Pies, the bakery in California, has now said that the outstanding bill is paid, said reports in media. The Guardian reported that Voahangy Rasetarinera, the African-American owner of the bakery, told the news outlet that Tesla has paid, "...the $2k that I was out of". The bakery in San Jose, California got a last-minute order of 2000 pies from the company on Valentine's Day. This meant a business of USD 6000 for the small bakery. As per reports, Tesla doubled the initial order to 4000 pies, and later cancelled the whole order. Giving Pies owner Rasetarinera took to social media to say that to cater to Tesla, her bakery had to overlook other Black History Month catering inquiries before getting ready for the mammoth order. The bakery then had to purchase large amount of supplies in advance and the owner had to prepare the workforce “demanding production schedule”. Sudden cancellation of the order made all these efforts, and money, go to waste. Also Read | ‘No kitchen, no bathroom,’ video of ‘tiniest apartment of New York’ leaves internet fuming, watch “To me, it was clear that Tesla’s corporate culture prioritized convenience over accountability, disregarding the livelihoods of small business owners like myself,” said Rasetarinera. “This experience serves as a stark reminder of the vulnerability faced by small businesses when dealing with larger corporations. Despite our best efforts to uphold our commitments and provide quality service, we are often left at the mercy of decisions made in corporate boardrooms.” Watch | International Polar Bear Day: Scientists to study cubs tucked up in their dens × The incident got traction online and was covered widely in the media. The bakery saw support in-person and online from across the world. The increasing coverage made Musk take notice. "Just hearing about this. Will make things good with the bakery. People should always be able to count on Tesla trying its best," he posted on X on Saturday (February 24). Just hearing about this. Will make things good with the bakery. People should always be able to count on Tesla trying its best. — Elon Musk (@elonmusk) February 23, 2024 × “As I reflect on this ordeal, I am reminded of the resilience and determination that have propelled me forward as a black woman entrepreneur,” she said. “While Tesla’s actions may have caused temporary setbacks, they will not deter me from pursuing my passion and serving my community with integrity and pride.” Rasetarinera was quoted by The Guardian. (With inputs from agencies)

Tesla ordered 4,000 pies before cancelling, Musk forced to take care of bill

India is gearing up to become one of the most successful electric vehicles market in the world, not only is Tesla expected to turbocharge the country's electric landscape but two of India's leading EV makers are also cutting their prices this month igniting the promise of record-breaking growth Tata motors and Ola electric announced they are cutting the prices of their vehicles this month. Watch to know more!

Tesla's entry into India to be a gamechanger?

Norwegian Member of Parliament Marius Nilsen has nominated billionaire entrepreneur Elon Musk for the Nobel Peace Prize, citing Musk's unwavering support for dialogue, free speech, and global connectivity, as per a Politico report.&nbsp;Nilsen highlighted Musk's contributions through his tech companies, including X and Tesla, which have aimed to improve societies and enhance communication worldwide.

Nilsen expressed gratitude to Musk for providing Starlink satellite internet service to Ukraine following the Russian invasion, stressing&nbsp;how Musk's ventures have fostered a more interconnected and secure world.&nbsp;

"The multitude of tech companies Musk has founded, owns or runs, aimed at bettering societies, increasing knowledge of both earth and space, in addition to enabling communication and connectivity globally... has helped make the world a more connected and safer place," Mr Nilsen told local outlet&nbsp;Agderposten.

Also watch |&nbsp;Elon Musk's SpaceX emerges as major US government contractor

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As a self-proclaimed "free speech absolutist," Musk has always claimed to be an upholder of free speech which led him to&nbsp;reinstate suspended accounts like those of Andrew Tate and Donald Trump, and championing open dialogue.

Beyond X and Tesla, Musk leads SpaceX, The Boring Company, and Neuralink.&nbsp;With a staggering net worth of $209 billion as of February 21, Musk's influence spans various industries, driving innovation and technological advancement on a global scale,&nbsp;according to the Bloomberg Billionaires Index.

<a href="https://www.wionews.com/technology/neuralinks-first-human-patient-can-now-control-computer-mouse-with-thoughts-musk-confirms-692144">Also read |&nbsp;Neuralink's first human patient can now control computer mouse with thoughts, Musk confirms</a>

In a parallel development, another Norwegian figure nominated WikiLeaks founder Julian Assange for the Nobel Peace Prize.

(With inputs from agencies)

Norwegian Member of Parliament Marius Nilsen has nominated billionaire entrepreneur Elon Musk for the Nobel Peace Prize, citing Musk's unwavering support for dialogue, free speech, and global connectivity, as per a Politico report.

Norwegian Member of Parliament Marius Nilsen has nominated billionaire entrepreneur Elon Musk for the Nobel Peace Prize, citing Musk's unwavering support for dialogue, free speech, and global connectivity, as per a Politico report. Nilsen highlighted Musk's contributions through his tech companies, including X and Tesla, which have aimed to improve societies and enhance communication worldwide. Nilsen expressed gratitude to Musk for providing Starlink satellite internet service to Ukraine following the Russian invasion, stressing how Musk's ventures have fostered a more interconnected and secure world. "The multitude of tech companies Musk has founded, owns or runs, aimed at bettering societies, increasing knowledge of both earth and space, in addition to enabling communication and connectivity globally... has helped make the world a more connected and safer place," Mr Nilsen told local outlet Agderposten. Also watch | Elon Musk's SpaceX emerges as major US government contractor As a self-proclaimed "free speech absolutist," Musk has always claimed to be an upholder of free speech which led him to reinstate suspended accounts like those of Andrew Tate and Donald Trump, and championing open dialogue. Beyond X and Tesla, Musk leads SpaceX, The Boring Company, and Neuralink. With a staggering net worth of $209 billion as of February 21, Musk's influence spans various industries, driving innovation and technological advancement on a global scale, according to the Bloomberg Billionaires Index. Also read | Neuralink's first human patient can now control computer mouse with thoughts, Musk confirms In a parallel development, another Norwegian figure nominated WikiLeaks founder Julian Assange for the Nobel Peace Prize. (With inputs from agencies)

Elon Musk nominated for Nobel Peace Prize by Norwegian lawmaker 'for advocacy of free speech'

In a setback to Tesla's plans for expansion, citizens of Gruenheide have voted against a motion that would have allowed the razing of trees to make space for the enlargement of its German plant.

The mayor of Gruenheide revealed to Reuters on Tuesday that despite the vote being non-binding, it poses yet another challenge for the American electric vehicle manufacturer's ambitions to double the site's capacity for battery production and car manufacturing, potentially hampering its bid to dominate the European electric vehicle market.

The proposed expansion aimed to increase the plant's capacity to an impressive 100 gigawatt hours of battery production annually, along with a target of manufacturing up to 1 million cars per year.

Currently, the plant churns out approximately 500,000 vehicles annually, but its production ramp-up has faced delays. Despite reaching the milestone of 5,000 cars per week in March and recently hitting 6,000 cars in a week for the first time in January, the pace of production expansion has not been as swift as anticipated.

The decision by citizens in Gruenheide to reject the motion to clear forested areas for the construction of additional logistical spaces such as a train station and warehouses has left the matter in the hands of local authorities.

Tesla's plans for the German plant have been closely watched, given the company's ambitions to establish a strong foothold in Europe's rapidly growing electric vehicle market. The expansion of the Gruenheide plant was seen as a pivotal step towards achieving this goal.

(With inputs from Reuters)

In a setback to Tesla's plans for expansion, citizens of Gruenheide have voted against a motion that would have allowed the razing of trees to make space for the enlargement of its German plant.

In a setback to Tesla's plans for expansion, citizens of Gruenheide have voted against a motion that would have allowed the razing of trees to make space for the enlargement of its German plant. The mayor of Gruenheide revealed to Reuters on Tuesday that despite the vote being non-binding, it poses yet another challenge for the American electric vehicle manufacturer's ambitions to double the site's capacity for battery production and car manufacturing, potentially hampering its bid to dominate the European electric vehicle market. The proposed expansion aimed to increase the plant's capacity to an impressive 100 gigawatt hours of battery production annually, along with a target of manufacturing up to 1 million cars per year. Currently, the plant churns out approximately 500,000 vehicles annually, but its production ramp-up has faced delays. Despite reaching the milestone of 5,000 cars per week in March and recently hitting 6,000 cars in a week for the first time in January, the pace of production expansion has not been as swift as anticipated. The decision by citizens in Gruenheide to reject the motion to clear forested areas for the construction of additional logistical spaces such as a train station and warehouses has left the matter in the hands of local authorities. Tesla's plans for the German plant have been closely watched, given the company's ambitions to establish a strong foothold in Europe's rapidly growing electric vehicle market. The expansion of the Gruenheide plant was seen as a pivotal step towards achieving this goal. (With inputs from Reuters)

Tesla faces setback as German citizens reject expansion plans

Rocket company SpaceX has moved its state of incorporation to Texas from Delaware, CEO Elon Musk said Wednesday (Feb 14) in a post on X (formerly known as Twitter).

"SpaceX has moved its state of incorporation from Delaware to Texas! If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible," Musk said on the platform.&nbsp;

The move comes after the billionaire founder and electric vehicle maker Tesla's CEO said earlier this month that he will hold a shareholder vote to move Tesla's state of incorporation to Texas, where it has its headquarters, after a Delaware judge invalidated his $56-billion pay package.

"The public vote is unequivocally in favour of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas," Musk said on X earlier this month after holding a poll where 87 per cent of respondents voted "yes" for Tesla's change of incorporation.

<a href="https://www.wionews.com/world/judge-cancels-elon-musks-56-billion-tesla-pay-package-in-landmark-decision-685302">Also read |&nbsp;After Judge cancels $56bn Tesla pay package, Musk warns 'never incorporate' companies in Delaware</a>

Musk's brain-chip implant company, Neuralink also changed its location of incorporation from Delaware to Nevada last week.

Rocket company SpaceX has moved its state of incorporation to Texas from Delaware, CEO Elon Musk said Wednesday (Feb 14) in a post on X (formerly known as Twitter).

Rocket company SpaceX has moved its state of incorporation to Texas from Delaware, CEO Elon Musk said Wednesday (Feb 14) in a post on X (formerly known as Twitter). "SpaceX has moved its state of incorporation from Delaware to Texas! If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible," Musk said on the platform. The move comes after the billionaire founder and electric vehicle maker Tesla's CEO said earlier this month that he will hold a shareholder vote to move Tesla's state of incorporation to Texas, where it has its headquarters, after a Delaware judge invalidated his $56-billion pay package. "The public vote is unequivocally in favour of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas," Musk said on X earlier this month after holding a poll where 87 per cent of respondents voted "yes" for Tesla's change of incorporation. Also read | After Judge cancels $56bn Tesla pay package, Musk warns 'never incorporate' companies in Delaware Musk's brain-chip implant company, Neuralink also changed its location of incorporation from Delaware to Nevada last week.

SpaceX moves to Texas after Delaware judge axes Musk's $56bn Tesla pay

A federal judge has mandated Elon Musk to testify once again in the US Securities and Exchange Commission's investigation into his $44 billion acquisition of Twitter, setting a deadline for both parties to finalise the details of the interview. <o:p></o:p>

This is based on a Reuters report.<o:p></o:p>

US Magistrate Judge Laurel Beeler's ruling, issued over the weekend, reinforces her previous stance in December, favouring the regulator's request for Musk's testimony.<o:p></o:p>

In October, the SEC filed a lawsuit against Musk, seeking his testimony as part of its inquiry into his acquisition of Twitter in 2022, which he later rebranded as X. <o:p></o:p>

Musk had declined to attend an interview in September, prompting the SEC to escalate the matter. <o:p></o:p>

The investigation centres on whether Musk adhered to legal requirements regarding disclosures of his Twitter stock purchases and the veracity of his statements related to the deal.<o:p></o:p>

Judge Beeler's order comes after Musk contested the SEC's attempts to interview him, alleging harassment and citing previous interactions with the regulator. <o:p></o:p>

However, Beeler dismissed Musk's argument, asserting the SEC's authority to issue subpoenas for pertinent information. <o:p></o:p>

She emphasised the relevance of the subpoena in the ongoing investigation.<o:p></o:p>

Should Musk and the SEC fail to reach a consensus on the interview logistics, Judge Beeler retains the authority to intervene and make a decision on their behalf. <o:p></o:p>

The conflict between Musk and the SEC traces back to 2018 when the regulator sued him over a tweet suggesting Tesla's privatisation with "funding secured." <o:p></o:p>

Subsequently, Musk agreed to have his Tesla-related tweets scrutinised by company lawyers to settle the matter. <o:p></o:p>

However, the SEC reignited legal proceedings in 2019, alleging Musk's failure to comply with this arrangement.<o:p></o:p>

Musk has sought recourse from the US Supreme Court, challenging the terms of the agreement on grounds of infringement of his constitutional right to free speech. <o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

A federal judge has mandated Elon Musk to testify once again in the US Securities and Exchange Commission's investigation into his $44 billion acquisition of Twitter, setting a deadline for both parties to finalise the details of the interview.

A federal judge has mandated Elon Musk to testify once again in the US Securities and Exchange Commission's investigation into his $44 billion acquisition of Twitter, setting a deadline for both parties to finalise the details of the interview. This is based on a Reuters report. US Magistrate Judge Laurel Beeler's ruling, issued over the weekend, reinforces her previous stance in December, favouring the regulator's request for Musk's testimony. In October, the SEC filed a lawsuit against Musk, seeking his testimony as part of its inquiry into his acquisition of Twitter in 2022, which he later rebranded as X. Musk had declined to attend an interview in September, prompting the SEC to escalate the matter. The investigation centres on whether Musk adhered to legal requirements regarding disclosures of his Twitter stock purchases and the veracity of his statements related to the deal. Judge Beeler's order comes after Musk contested the SEC's attempts to interview him, alleging harassment and citing previous interactions with the regulator. However, Beeler dismissed Musk's argument, asserting the SEC's authority to issue subpoenas for pertinent information. She emphasised the relevance of the subpoena in the ongoing investigation. Should Musk and the SEC fail to reach a consensus on the interview logistics, Judge Beeler retains the authority to intervene and make a decision on their behalf. The conflict between Musk and the SEC traces back to 2018 when the regulator sued him over a tweet suggesting Tesla's privatisation with "funding secured." Subsequently, Musk agreed to have his Tesla-related tweets scrutinised by company lawyers to settle the matter. However, the SEC reignited legal proceedings in 2019, alleging Musk's failure to comply with this arrangement. Musk has sought recourse from the US Supreme Court, challenging the terms of the agreement on grounds of infringement of his constitutional right to free speech. (With inputs from Reuters)

US judge orders Elon Musk to testify in SEC's Twitter probe, deadline set for agreement

Recent financial reports indicate that Tesla, the leading electric vehicle (EV) manufacturer, lags behind its automotive counterparts in the amount of revenue generated per employee.<o:p></o:p>

Tesla reported revenue of nearly $97 billion in the last year, translating to just under $690,000 for each of its over 140,000 employees. <o:p></o:p>

This falls significantly behind General Motors (GM) and Ford Motor, which generated over $1 million and $937,000, respectively, for each of their employees in 2023.<o:p></o:p>

Investors are expressing growing concerns about soft demand for EVs and heightened competition, particularly after Tesla's January warning of "notably lower" sales growth for the year. <o:p></o:p>

With a heightened focus on costs, Tesla is evaluating each employee's position, fuelling speculations about potential layoffs. <o:p></o:p>

The company's stock witnessed a modest gain of over 1 per cent on Thursday, but its market capitalisation has plummeted by over $180 billion in 2024, currently standing at $603 billion, just ahead of chipmaker Broadcom at $601 billion.<o:p></o:p>

Tesla's gross margins, once the envy of other automakers, contracted to their lowest since 2019 in the December quarter. <o:p></o:p>

During the same period, its revenue experienced a modest 3 per cent growth, reaching $25.17 billion, marking the slowest pace of growth in more than three years. <o:p></o:p>

Despite trailing behind GM and Ford in revenue per worker, Tesla has shown improvement from the previous year, where it stood at $637,000. <o:p></o:p>

Notably, Tesla expanded its global workforce by about 10 per cent in 2023, according to recent filings.<o:p></o:p>

The broader context reveals a trend among tech-related heavyweights on Wall Street, with many laying off hundreds of thousands of workers over the past two years while continuing to grow their sales. <o:p></o:p>

Meta Platforms, for instance, reported a remarkable 25 per cent surge in December-quarter revenue last week, concurrently reducing costs and expenses by 8 per cent after eliminating over 21,000 jobs since late 2022. <o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Recent financial reports indicate that Tesla, the leading electric vehicle (EV) manufacturer, lags behind its automotive counterparts in the amount of revenue generated per employee.

Recent financial reports indicate that Tesla, the leading electric vehicle (EV) manufacturer, lags behind its automotive counterparts in the amount of revenue generated per employee. Tesla reported revenue of nearly $97 billion in the last year, translating to just under $690,000 for each of its over 140,000 employees. This falls significantly behind General Motors (GM) and Ford Motor, which generated over $1 million and $937,000, respectively, for each of their employees in 2023. Investors are expressing growing concerns about soft demand for EVs and heightened competition, particularly after Tesla's January warning of "notably lower" sales growth for the year. With a heightened focus on costs, Tesla is evaluating each employee's position, fuelling speculations about potential layoffs. The company's stock witnessed a modest gain of over 1 per cent on Thursday, but its market capitalisation has plummeted by over $180 billion in 2024, currently standing at $603 billion, just ahead of chipmaker Broadcom at $601 billion. Tesla's gross margins, once the envy of other automakers, contracted to their lowest since 2019 in the December quarter. During the same period, its revenue experienced a modest 3 per cent growth, reaching $25.17 billion, marking the slowest pace of growth in more than three years. Despite trailing behind GM and Ford in revenue per worker, Tesla has shown improvement from the previous year, where it stood at $637,000. Notably, Tesla expanded its global workforce by about 10 per cent in 2023, according to recent filings. The broader context reveals a trend among tech-related heavyweights on Wall Street, with many laying off hundreds of thousands of workers over the past two years while continuing to grow their sales. Meta Platforms, for instance, reported a remarkable 25 per cent surge in December-quarter revenue last week, concurrently reducing costs and expenses by 8 per cent after eliminating over 21,000 jobs since late 2022. (With inputs from Reuters)

Tesla's revenue per employee trails behind competitors, amid layoff speculations

Tesla faces mounting challenges as CEO Elon Musk warns of a slowdown in sales growth. Layoff fears loom large amid management inquiries, while tesla's stock volatility reflects investor apprehensions.

Layoff anxiety grips tesla amid management review

US Transportation Secretary Pete Buttigieg said on Monday (Feb 5) that human drivers need to remain attentive, after videos emerged showing Tesla drivers apparently using Apple's new Vision Pro headset while driving.

Responding to a widely-viewed video of a Tesla driver manipulating a virtual reality field with both his hands off the steering wheel, Buttigieg stressed that, despite advanced driver assistance systems, drivers must maintain control and engagement.

"Reminder-ALL advanced driver assistance systems available today require the human driver to be in control and fully engaged in the driving task at all times," Buttigieg said.

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A driver was spotted behind the wheel of a Tesla CyberTruck, engaging with an Apple Vision Pro mixed reality headset . Is this safe?? <a href="https://t.co/DL7PwVabBw">pic.twitter.com/DL7PwVabBw</a>
— Githii (@githii) <a href="https://twitter.com/githii/status/1754046663763567089?ref_src=twsrc%5Etfw">February 4, 2024</a></blockquote>
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<h2>Apple's Vision Pro and driving safety concerns</h2>

Apple's recently launched Vision Pro headset, integrating three-dimensional digital content with real-world visuals, faced criticism as users were observed using it while operating vehicles.

Apple explicitly warns against using the device while driving.

<a href="https://www.wionews.com/india-news/elon-musks-tesla-to-set-up-first-indian-manufacturing-plant-in-gujarat-674748">Also read |&nbsp;Elon Musk's Tesla to set up first Indian manufacturing plant in Gujarat: Report</a>

Tesla, renowned for its advanced driver features including Autopilot, reiterated that these systems are intended for fully attentive drivers with hands on the wheel, ready to assume control instantly.

Buttigieg, echoing prior concerns about Tesla's Autopilot, urged caution and adherence to safety protocols.

Separately, in a significant move, Tesla has&nbsp;initiated&nbsp;a broad recall in the United States, covering nearly all electric vehicles sold in the country.

The recall, prompted by concerns related to warning lights and potential difficulties in reading critical information on the instrument panel, affects approximately 2.19 million vehicles sold between 2012 and 2024.

Also watch |&nbsp;Tesla robot malfunctions, brutally attacks engineer

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/tesla-robot-malfunctions-brutally-attacks-engineer-674093/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

This recall represents a notable setback for Tesla, compounding recent challenges faced by the electric vehicle giant.

The Wall Street Journal reported on the safety risks associated with the recall, intensifying scrutiny on Tesla's commitment to vehicle safety.

(With inputs from agencies)

US Transportation Secretary Pete Buttigieg said on Monday (Feb 5) that human drivers need to remain attentive, after videos emerged showing Tesla drivers apparently using Apple's new Vision Pro headset while driving.

US Transportation Secretary Pete Buttigieg said on Monday (Feb 5) that human drivers need to remain attentive, after videos emerged showing Tesla drivers apparently using Apple's new Vision Pro headset while driving. Responding to a widely-viewed video of a Tesla driver manipulating a virtual reality field with both his hands off the steering wheel, Buttigieg stressed that, despite advanced driver assistance systems, drivers must maintain control and engagement. "Reminder-ALL advanced driver assistance systems available today require the human driver to be in control and fully engaged in the driving task at all times," Buttigieg said. A driver was spotted behind the wheel of a Tesla CyberTruck, engaging with an Apple Vision Pro mixed reality headset . Is this safe?? pic.twitter.com/DL7PwVabBw — Githii (@githii) February 4, 2024 × Apple's Vision Pro and driving safety concerns Apple's recently launched Vision Pro headset, integrating three-dimensional digital content with real-world visuals, faced criticism as users were observed using it while operating vehicles. Apple explicitly warns against using the device while driving. Also read | Elon Musk's Tesla to set up first Indian manufacturing plant in Gujarat: Report Tesla, renowned for its advanced driver features including Autopilot, reiterated that these systems are intended for fully attentive drivers with hands on the wheel, ready to assume control instantly. Buttigieg, echoing prior concerns about Tesla's Autopilot, urged caution and adherence to safety protocols. Separately, in a significant move, Tesla has initiated a broad recall in the United States, covering nearly all electric vehicles sold in the country. The recall, prompted by concerns related to warning lights and potential difficulties in reading critical information on the instrument panel, affects approximately 2.19 million vehicles sold between 2012 and 2024. Also watch | Tesla robot malfunctions, brutally attacks engineer This recall represents a notable setback for Tesla, compounding recent challenges faced by the electric vehicle giant. The Wall Street Journal reported on the safety risks associated with the recall, intensifying scrutiny on Tesla's commitment to vehicle safety. (With inputs from agencies)

Tesla drivers spotted using VR headsets while on autopilot, prompt US government alarm. Watch

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