Tag Archives: Tesla

Tesla, led by tech mogul Elon Musk, is reportedly gearing up to lay off over 10% of its worldwide workforce, a move that could affect more than 14,000 employees. The decision, aimed at streamlining operations and reducing duplication of roles, comes amidst a period of rapid growth for the electric vehicle maker.

Prime Minister Narendra Modi has reiterated India's stance on indigenous production, emphasizing the importance of local manufacturing in light of global investment interests, including those of Elon Musk's Tesla. In an interview with ANI, PM Modi underscored the need for investments to align with India's ethos and contribute to the nation's employment opportunities, particularly for its youth.

Tesla CEO Elon Musk's upcoming visit to India is poised to be a whirlwind of activity, with significant announcements and high-profile meetings on the agenda. Scheduled to last around 48 hours, Musk's visit is set for April 21 and 22, during which he will engage with Prime Minister Narendra Modi, government officials, industry representatives, and unveil ambitious plans for the Indian market.

The anticipated arrival of billionaire Elon Musk in India has triggered speculations about Tesla's imminent investment plans for the country's electric vehicle (EV) market. Musk's visit is expected to mark a crucial phase in finalizing Tesla's entry into India, with potential announcements regarding investment plans and the establishment of manufacturing facilities.

Elon Musk, the CEO of Tesla, has emphasized the significance of India's transition to electric vehicles (EVs) by stating that it's a "natural progression" for Tesla to provide electric cars in India, just like in other countries. This statement comes amid Tesla's strategic plans to establish a manufacturing presence in India and contribute to the country's burgeoning electric mobility landscape.

Tesla has initiated the production of right-hand drive cars at its German plant for export to India, marking a significant step towards its potential entry into one of the world's largest car markets. This move comes as Tesla continues to focus on expanding its global presence and tapping into new markets.

The Indian government has implemented a new policy aimed at boosting the electric vehicle (EV) industry by significantly reducing import taxes, particularly benefiting global manufacturers like Tesla. This move is part of a broader strategy to attract investments and promote the adoption of EVs in the country.

In a recent report by the Wall Street Journal (WSJ), allegations have surfaced regarding Elon Musk's purported use of "illegal drugs," known to certain serving and former directors of Tesla and SpaceX. Despite concerns among some board members, the report claims that there has been no public action or initiation of an investigation into the matter. This revelation comes a month after the WSJ disclosed Musk's use of several drugs, some of which are banned in the US.

In a recent development, Tesla has unveiled plans to manufacture and sell battery storage systems in India. The company submitted a proposal to Indian officials, seeking incentives to establish a battery storage factory as part of its ongoing efforts to expand its presence in the country.

Israeli Prime Minister Benjamin Netanyahu visits Tesla's factory in California, where Elon Musk showcases the company's developments, including a ride in the yet-to-be-launched 'Cybertruck.' The meeting also includes discussions on artificial intelligence and addressing anti-Semitism.