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Economy

Tesla sued Yatskov in May for allegedly taking confidential information about the company's Dojo AI-training supercomputer and storing it on his personal computer. The lawsuit also alleged Yatskov provided a "dummy" computer for Tesla to investigate to "cover his tracks."

Musk Says Tesla Needs To Cut Staff By 10%, Pauses All Hiring

Musk's stark warning of a potential recession and the knock-on effect for automakers is the most direct and high-profile forecast of its kind in the industry

Indian State Ministers Scurry To Invite Elon Musk To Their States

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Economy

Telangana, Maharastra, West Bengal and Tamil Nadu ministers tweet invitations to Elon Musk to setup manufacturing in their states.

NHTSA Evaluating Heating Issue Of Tesla car For Saftey Concerns

The report said the heating problems happened even after Tesla early last year replaced faulty sensors in heat pumps in some 2020-2021 Model 3 and Model Y vehicles to address the issue.

Elon Musk Sells Tesla Shares Worth $1.01 Billion

Gadgets & Technology Enterprise Tech

Since Nov. 8, Musk has exercised options to buy 10.7 million shares and sold 10.1 million shares for $10.9 billion.

Tesla Joins The Elite Club Of Companies With $1Trillion Market Cap

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With the largest order of 100,000 cars from Hertz, Tesla stock crossed $1000 mark.

Leaving Bankruptcy Behind, Hertz Orders 100,000 Teslas

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Hertz also is installing thousands of chargers throughout its location network. Customers who rent a Tesla Model 3 will have access to 3,000 Tesla supercharging stations throughout the U.S. and Europe.

Govt Wants Tesla To First Start Production In India Before Any Tax Concessions Can Be Considered

Tesla has demanded a reduction in import duties on electric vehicles (EVs) in India. At present, cars imported as completely built units (CBUs) attract customs duty ranging from 60 percent to 100 percent, depending on engine size and cost, insurance and freight (CIF) value less or above $40,000.

India Considers Sharp Import Tax Cuts On Evs After Tesla Lobbying – Sources

India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters

Tesla CEO Musk Expects At Least 'Temporary Relief' For Evs In India In Terms Of Import Duty Relaxation

Tesla is already sourcing various auto components from Indian automakers and setting up base here would be economically viable for it

S&P 500 And Dow End Session At Record Highs

Companies & Markets Markets Stock Market

The Dow Jones Industrial Average rose 0.53% to end at 32,953.46 points, while the S&P 500 gained 0.65% to 3,968.94.

India To Propose Cryptocurrency Ban, Penalising Miners, Traders - Source

Despite government threats of a ban, transaction volumes are swelling and 8 million investors now hold 100 billion rupees ($1.4 billion) in crypto-investments, according to industry estimates.

Tesla raises price of variants of Model Y, Model 3, Model S

Companies & Markets Sector Reports

The price of its Model 3 Standard Range Plus has been increased to $37,490 from $36,990 earlier and Model 3 Long Range AWD was raised to $46,490 from $45,990

Cryptocurrency Trading Volumes Spike 17% In February - Cryptocompare