Tesla stock surged after Elon Musk made a surprise visit to China. The trip focused on securing approval for tesla's full self-driving software, FSD, in the world's largest electric vehicle market.

Tesla stock soars after musk secures key approvals in China

Elon Musk, CEO of Tesla, embarked on an unannounced visit to Beijing, sparking speculation about the electric car company's ambitious plans for self-driving technology and data management.

Tesla's roadmap in China: Elon Musk explores self-driving tech agenda

Tesla (TSLA.O), opens new tab CEO Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he was expected to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer data overseas, according to a person with knowledge of the matter.

Elon Musk visits China amid trade tensions: Tesla seeks self-driving technology rollout

Elon Musk pushed for China's approval for Tesla to roll out advanced driver-assistance systems in a whirlwind trip to Beijing that ended on Monday, a step that could boost revenues at a time when Tesla is under pressure from Chinese rivals.

Elon Musk pursues self-driving approval on China trip as Tesla wins key endorsement

EV maker tesla plans to lay off 693 employees at its facilities in sparks, Nevada. This will be a part of its plan to cut more than 10% of its global workforce amid dropping sales and rising competition.

Tesla plans to lay off 693 employees at its Nevada facilities

Elon Musk, the CEO of Tesla, went to China on a surprise visit on Sunday (April 28), as reported by Reuters. China is Tesla's second-biggest market for electric vehicles.

Elon Musk travels to China days after postponing India visit

The National Highway Traffic Safety Administration (NHTSA) said on Friday (Apr 26) that Tesla reported 20 crashes involving Autopilot since the Elon Musk-owned automaker recalled more than two million vehicles in December last year.

Tesla reported 20 crashes involving Autopilot since Dec 2023 recall: US auto regulator

Tesla, the electric vehicle (EV) giant, has announced plans to introduce new vehicle models earlier than previously anticipated. As per reports, this revelation, shared by CEO Elon Musk during a conference call with investors, propelled Tesla's shares up by nearly 11 per cent in after-hours trading.

Tesla plans to introduce new models amid major layoffs; shares surge

Tesla chief executive Elon Musk on Tuesday (Apr 23) said that the company may be ready to sell its humanoid robot as early as the end of next year. Humanoid robot and Tesla The Tesla humanoid robot, called Optimus, is still in the lab.

Amid profit slump and layoffs, Musk says Tesla may start selling humanoid robot 'Optimus' by next year

Tesla's first-quarter earnings report painted a concerning picture. Net income plummeted 55% year-over-year, and revenue dipped by 9%. However, CEO Elon Musk offered a glimmer of hope by announcing an accelerated production timeline for new, affordable electric vehicles. This news sparked a surge in the stock price after-hours.

Tesla stock falls more than 40%, lowest since 2023

China's electric vehicle market is expected to see a significant shakeup this year. The national development and reform commission predicts a price war among automakers due to several factors, including a surge in new electric car models and potential oversupply.

China's EV in overdrive: 110+ new EV models anticipated in 2024, sparking price war

The struggling Chinese economy has a new headache. Layoffs across global corporations have reached the world's second-biggest economy. Tesla, Ericsson, and Morgan Stanley are among the big corporate names who have slashed their China workforce.

Tesla, Ericsson and Morgan Stanley slash China workforce

Exxonmobile has surpassed Tesla in market capitalisation for the first time in over a year. This comes after a dramatic 41% drop in Tesla's stock price, fueled by concerns about slowing electric vehicle sales and consumer reluctance to fully abandon gas-powered cars.

Exxon overtakes tesla in market value amid EVs

Tesla has set its eye on India for sourcing its car components. But did you know that there are already some Indian companies manufacturing these car parts?

Tesla eyes India as its next production hub

Tesla’s CEO Elon Musk postponed his trip to India to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker. The Tesla CEO said he aimed to reschedule the visit for later this year.

Elon Musk postpones India trip, aims to visit later this year

The chief of US space agency NASA has told lawmakers in Washington that China is using civilian programmes to hide military objectives in space. Watch to know more.

US militarising space with Elon Musk's Starshield satellite network: China

Tesla shares took a major hit, falling 2.7% to their lowest point in over a year. This drop comes after deutsche bank downgraded the stock to "hold" and slashed its price target by 34%.

Tesla stock hits 15-month low as Deutsche Bank cites risk

Tesla is recalling 3,878 Cybertruck vehicles because of a problem that might make them speed up unexpectedly, which could lead to accidents. The issue is with the accelerator pedal, which might get stuck on the Cybertruck, Elon Musk's version of the American pickup truck If the accelerator pedal becomes trapped, "the performance and operation of the pedal will be affected, which may increase the risk of a collision," Tesla said in the notice.

Elon Musk's Tesla issues recall for Cybertruck over acceleration flaw

An Indian woman in the US shared on LinkedIn how she was suddenly laid off by Tesla, where she worked as a Business Process Analyst. She mentioned being one of the 10 per cent of employees let go this week and described the experience as "disheartening and distressing.

Tesla layoffs: Indian woman in US among 10% affected, calls the process 'distressing'

A wave of layoffs this week only served to dampen investor enthusiasm further for electric car manufacturer Tesla. This led to a further extension of the share price slide for 2024, pushing the market value of Tesla to less than $500 billion.

Tesla's round of job cuts this week sours sentiment further

Electric automaker Tesla on Wednesday asked shareholders to ratify billionaire Elon Musk's compensation that was set in 2018 under the CEO pay package, just months after a Delaware judge rejected it.

Tesla asks shareholders to approve CEO Elon Musk’s 2018 pay voided by judge

Tesla is laying off more than 10 per cent of its staff worldwide, reported news agency Reuters, on Monday (Apr 15) citing an internal memo. According to the report, the layoffs also come as the company grapples with a decline in sales.

Tesla to lay off around 14,000 employees globally as sales decline

Tesla is scouting for showroom locations in key cities – Mumbai and Delhi. The company intends to establish a strong foothold in the world's third-largest car market, which is witnessing explosive growth in the electric vehicle segment. This comes as tesla faces economic headwinds amid slower growth.

Tesla scouts for showroom locations in major Indian cities

Argentina's libertarian president Javier Milei met billionaire Elon Musk on Friday. Visuals of their meeting has taken over the internet. The two men, often considered likeminded, met in Texas, home to the tycoon's Tesla electric car company.

Argentina president Javier Milei meets Elon Musk in Texas

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