After pushing its market value up by $550 billion this year, Tesla’s second quarter earnings report is out, and it is a rollercoaster ride of surprises and challenges.

Tesla's profits take a hit in Q2 as EV maker records bumper sales

In order to resolve a lawsuit brought by the shareholders, the directors of Tesla will pay back $735 million to the business, which is equal to the value of 3.1 million Tesla stock options. Additionally, Tesla directors have agreed that they will not be paid in 2021, 2022, or 2023 while the board also changes how remuneration is decided.

Tesla will pay $735 million to settle a lawsuit filed by shareholders

Tesla on Tuesday (July 18) confirmed plans to dramatically expand its factory near Berlin in Germany. The company has a goal of doubling production capacity to a million electric vehicles per year.

Tesla seeks to expand German factory to make it biggest in country

United States' National Highway Traffic Safety Administration (NHTSA) said on Tuesday (July 18) that it was opening a fresh special crash investigation into a fatal accident involving a Tesla Model 3.

US: New special probe opened into 2018 fatal Tesla crash in California

Tesla over the weekend said its first much anticipated Cybertruck came off the electric vehicle maker’s production line in Texas. The debut of the long-delayed, futuristic-looking pickup truck comes in the lead-up to Tesla’s second-quarter 2023 earnings call.

Tesla announces first Cybertruck build ahead of Q2 earnings

Amidst much fanfare and after repeated delays, US billionaire Elon Musk-owned Tesla has finally managed to build the first Cybertruck at its plant in Texas. Musk took to Twitter to congratulate team Tesla.

Tesla’s Texas plant builds first Cybertruck, no mass production before 2024

Tesla may soon come to India. Microsoft has accused China of hacking government emails. The week gone by was buzzing with a lot of exciting tech developments. And we bring you the most interesting ones in our tech wrap.

Tesla in talks to set up car factory in India

Elon Musk, the billionaire owner of Twitter and CEO of Tesla, announced on Friday that his new artificial intelligence (AI) company, xAI, would harness public tweets from Twitter to train its AI models.

Elon Musk's xAI to use Twitter data for AI model training, work with Tesla

In a major setback for Electric Vehicle maker Tesla, the Indian finance ministry on Thursday said it is not considering any custom duty waiver for the Elon Musk-owned company.

Setback for Tesla?: India's finance ministry says no duty waiver for EV maker

In a significant move towards sustainable transportation, Tesla, the renowned electric vehicle (EV) manufacturer led by CEO Elon Musk, is in talks with the Indian government to establish a car factory in the country.

Tesla set to revolutionise India's auto industry with proposed factory

Elon Musk's groundbreaking startup, Xai, aims to shake up the AI landscape and challenge industry giants like OpenAI. Musk is forging a path towards a safer and more human-centric Artificial Intelligence. In a twitter spaces event, Musk unveiled his audacious plan to build a morally conscious AI.

From Tesla to Xai: Elon Musk's AI-volution continues | World Business Watch

Tesla is in talks with the Indian government to set up a car factory in the country, The Times of India has reported. The factory will reportedly have a capacity of as many as 500,000 electric vehicles.

Tesla in huddle with India for a big-capacity car factory: Report

Tesla may have funded a project to build its CEO Elon Musk a glass house in Austin, Texas said The Wall Street Journal in a report on Tuesday (July 11). The journal has said that inside Tesla, this project was known as "Project 42".

Glass house for Elon Musk? Tesla launches internal probe: Report

Tesla is sacking some of its employees working on battery production lines at its Shanghai plant, Bloomberg reported Friday. The move comes amidst an aggressive price war in China, where electric car manufacturers are offering incredible discounts to grab a larger market share.

Tesla announces layoffs at Shanghai plant amid reports of automation

Elon Musk, the CEO of electric car giant Tesla, announced on Thursday that the company is on the verge of achieving fully autonomous vehicles "later this year." Speaking via video link at an artificial intelligence conference in Shanghai, Musk expressed his confidence in Tesla's progress towards achieving full self-driving capabilities.

Elon Musk expects fully autonomous self-driving Tesla vehicles 'later this year'

Tesla and Rivian automotive have experienced an impressive surge in their shares and second quarter deliveries. Tesla's shares skyrocketed by 7% following better-than-expected quarterly deliveries, proving CEO Elon Musk's strategy of boosting volumes through discounts is paying off. This surge lifted tesla's market value by a staggering 57 billion dollars to reach a remarkable 887 billion dollars. The company's stock has already more than doubled in value this year, far exceeding analysts' price targets.

Tesla’s stock soars by $57 billion

Tesla and Rivian Automotive, two Electrtic Vehicle rivals, witnessed an impressive surge in stock prices on Monday after better-than-expected sales in the second quarter of 2023.

Stocks of EV makers Tesla and Rivian surge after beating Q2 sales estimate

Billionaire Elon Musk-owned Tesla Inc saw bumper sales of electric vehicles in the second quarter of 2023, a Reuters report said on Sunday. EV maker said it sold 466,140 vehicles in the April to June period.

EV maker Tesla beats second-quarter delivery estimates as price cuts pay off

EV maker Tesla's ambition to make its charging technology a standard across the US. Has hit a roadblock in the US State of Texas. A report accessed by Reuters shows several EV charger makers opposed to Texas' plan seeking them to include tesla's charging technology as well as the combined charging standard (CCS) technology to electrify highways in the US State. These EV charging companies have called the plan "premature".

EV charger firms oppose Texas plan for Tesla chargers

Tesla announced their record-breaking vehicle delivery for the second quarter the electric car manufacturer led by billionaire Elon Musk managed to exceed the market estimates thanks to price cuts and U.S federal credits that meet their electric vehicles more affordable in the period from April to June Tesla delivered more than four 66 000 Vehicles which is a 10 percent increase from the previous quarter and an impressive 83 surge as compared to the same period last year. Watch the video to know more.

Tesla speeds ahead: Record deliveries in Quarter 2 |

Tesla's charging technology is rapidly propelling towards becoming the North American standard, signaling a major boost for the automaker's plan to expand access to its once-exclusive chargers. With Volvo car joining the likes of General Motors, Ford, and Rivian in embracing Tesla's charging design, earlier efforts by the Biden administration to establish the Combined Charging System (CCS), as the dominant standard have been sidestepped.

Tesla paving the way for universal charging access

Tesla's electric-vehicle charging technology is rapidly gaining momentum, positioning itself to become the North American standard. The automaker's move to expand access to its once-exclusive chargers has garnered support from prominent industry players, including Volvo Car, General Motors, Ford, and Rivian, Reuters reported.

Tesla plugs in for total charging domination, emerges as the electrifying standard

In a recent interview, on Twitter Spaces, Tesla CEO Elon Musk’s biographer, Walter Isaacson spoke about how the billionaire sometimes goes into “demon mode” which makes him highly productive and a tough leader but also “dark”.

Elon Musk's biographer talks about billionaire's 'demon mode,' 'dark streak' in upcoming book

Twitter CEO Elon Musk, after his meeting with PM Narendra Modi at the New York Palace Hotel in New York City on Tuesday (local time), commented on Twiiter co-founder and former CEO Jack Dorsey's recent comments against the conduct of India's government in regard to the social media platform's policies.

Elon Musk reacts to former Twitter CEO Jack Dorsey's claims against Indian govt

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