The rise of BYD and other Chinese electric vehicle makers is a challenge not only for Tesla but also the world's major automakers as Chinese competitors push into Europe, Southeast Asia and other overseas markets with a relatively affordable option for drivers who want to go green.
Tesla's recall filing said that Autopilot's software system controls "may not be sufficient to prevent driver misuse" and could increase the risk of a crash.
Last week, Commerce and Industry Minister Piyush Goyal visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India.
Elon Musk antisemitism row: Musk endorsed a post on X that falsely claimed Jewish people were stoking hatred against white people, saying the user who referenced the "Great Replacement" conspiracy theory was speaking "the actual truth."
Goyal announced that Tesla is on its way to double the imports of its auto components from India, amid reports that India is mulling custom duty concessions to the Elon Musk-owned company. Earlier, India said that it is not looking for a separate incentive policy for Tesla.
The Union Ministries of Commerce and Industry, Electronics and Information Technology, and Heavy Industry have been in discussions about the plans of Tesla in India.
Elon Musk has officially unleashed the new chatbot named Grok from XAI which has been designed to compete with ChatGPT and Google Bard.
Jeff Bezos shared the triumph of X's successful launch, expressing a hopeful outlook for the future of economical satellite broadband. Elon Musk, who is already offering affordable internet services through SpaceX's Starlink, responded to Bezos's announcement with words of congratulations.
Indian origin Vaibhav Taneja has been named as the new Tesla Chief Financial Officer (CFO) replacing Zachary Kirkhorn after four years in the role.
The 45-year-old Vaibhav Taneja will take on the responsibility in addition to his current role as Chief Accounting Officer (CAO).
In 2021, the US-based electric car maker demanded a reduction in import duties on electric vehicles (EVs) in India.
This drop in total assets to $234.4 billion is the seventh-biggest downfall ever among those in the Bloomberg Billionaires Index.
If all goes well, Tesla can reportedly produce 5 lakh electric vehicles annually that starts from Rs 20 lakh, as the Elon Musk-run company plans to set up its auto parts and electronics chain in India, along with seeking incentives and tax benefits.
The company produced 479,700 vehicles from April through June, about 13,000 more than it sold, indicating that inventories may be building.
"India is great for solar energy investment, Musk added, describing his talks with the prime minister as excellent.
"I am confident that Tesla will be in India and will do so as soon as humanly possible," he said.
Yaccarino took over the company as the new CEO last week, after a lot of speculations were made, in relation to her goals. This move has also freed Musk who can now focus on Tesla and SpaceX, as Twitter's US ad sales plunged 59 per cent in April and the month of May did not look bright either.
The Twitter handle DogeDesigner tweeted the image of Musk wearing the traditional Indian dress, generally meant to be wornAon wedding occasions.
According to the latest Forbes Real-Time Billionaires List, Bernard Arnault's net worth has climbed to $216 billion, surpassing Elon Musk's current wealth of $200 billion. Arnault took over as the world's wealthiest person from Musk in December of last year.
Tesla CEO Elon Musk once again reclaimed his position as the richest person in the world.
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