China buys more electric vehicles than any other country, and most sales occur in big cities such as Beijing and Shanghai. EV buyers there can afford to spend 300,000 yuan ($43,000) on a sedan like the Tesla Model 3. Fang Yunzhou, chairman of one of Tesla Inc.’s local rivals, has a different customer in mind: a consumer who lives in a less affluent small city or even a farmer in the countryside. “Our goal is to provide a real product affordable for the whole market, rather than a rich kid’s toy,” he says. Fang, 45, is the founder of Hozon New Energy Automobile Co., a 6-year-old EV maker backed by local governments in eastern China’s Zhejiang province and one of
“China rocks in my opinion. The energy in China is great. People there – there’s like a lot of smart, hard wor...Read MoreAt a time when China has been facing a lot of heat from a lot of countries — including India and the US — for a variety of reasons, Tesla CEO Elon Musk has come out in ‘support’ of the country. In an interview with a podcast, Musk was asked about what China and its electric vehicles strategy. Musk replied, “China rocks in my opinion. The energy in China is great. People there – there’s like a lot of smart, hard working people.”Musk not only praised China and the hardworking Chinese people but also had a few words
SEOUL: South Korea's LG Chem , an electric vehicle battery supplier for Tesla , Volkswagen and other automakers, said on Friday it expects rising sales in the current quarter after its battery business swung to an operating profit. "Sales are expected to grow and profitability is expected to remain robust thanks to greater EV shipments for European OEMs and increased sales for cylindrical EV batteries," LG Chem said, referring to original equipment manufacturers or automakers. LG did not mention Tesla, but it supplies small cylindrical-type batteries for the carmaker's China models. LG Chem currently supplies batteries to Tesla from its China plant. It plans to start producing batteries for Tesla at a domestic factory this year after the U.S. electric
DETROIT: Even though General Motors was able to reopen its US factories for the last half of the second quarter, the company still lost $806 million in the three months between April and June. The Detroit automaker had to close its plants from March 18 to May 18 due to the coronavirus, and production didn't resume fast enough to stem the losses. Like other automakers, GM counts revenue when vehicles are shipped from factories, so it had little money coming in for about seven weeks in April and May. The company reported a loss of 50 cents per share excluding one-time items. That was better than Wall Street expected, with analysts polled by FactSet predicting a $1.77 per-share loss. Revenue
SEOUL: Tesla Inc Chief Executive Officer Elon Musk said on Tuesday that the company is open to licensing software and supplying powertrains and batteries. Tesla has previously supplied batteries to Mercedes and Toyota Motor under separate partnership deals. Battery manufacturing is an area that analysts and industry officials say the U.S. electric car maker has a competitive edge compared with legacy automakers. "Tesla is open to licensing software and supplying powertrains & batteries. We’re just trying to accelerate sustainable energy, not crush competitors!" Musk said in message on Twitter. It was unclear which types of batteries it will supply. Tesla currently runs a battery joint venture with Panasonic Corp and also sources batteries from China’s Contemporary Amperex Technology (CATL) and
DETROIT: Tesla rival Lucid Motors plans to equip its new Air luxury electric sedan with a semi-automated driver assistance system when the first cars roll off an Arizona assembly line in early 2021, Lucid said on Tuesday. The Lucid Air, which will compete with the Tesla Model S, will come standard with such features as adaptive cruise control, lane centering, automatic emergency brakes and automated parking. It will also be one of the first production vehicles to be equipped with standard lidar, a laser-based sensor that detects obstacles and objects, including pedestrians, as part of the vehicle's collision avoidance system. Tesla chief Elon Musk has said Teslas do not need lidar because their other sensors - mainly camera and radar
SEOUL: South Korea said it is investigating suspected safety issues with vehicles made by U.S. automaker Tesla Inc, which is competing strongly with Hyundai Motor Co in the South Korean electric vehicle market. Braking and steering systems including the Autopilot function were part of the investigation, a transport ministry official said on Wednesday. The ministry declined to elaborate but South Korean media said Tesla's Model 3 was under investigation, and the probe might take anywhere from six months to a year. Tesla would cooperate with the investigation, an official at its South Korean unit said. The U.S. National Transportation Safety Board last year cited driver errors and Tesla’s Autopilot design as the probable cause of a January 2018 crash of
SEOUL: Hyundai Motor Co, an early backer of hydrogen cars, has watched the electric rise of Tesla, including on its home turf. Now's it's going on the offensive in the battery-powered market led by its US rival. The South Korean company plans to introduce two production lines dedicated to electrics vehicles (EVs), one next year and another in 2024, according to an internal union newsletter seen by Reuters. Euisun Chung, leader of the Hyundai Motor Group conglomerate that also includes Kia Motors, has also held a series of meetings since May with his counterparts at Samsung, LG and SK Group, which make batteries and electronic parts. The purpose of the talks, which were publicly announced, was for Hyundai to try
FRANKFURT: Volkswagen's luxury car unit Audi expects car sales to reach pre-COVID-19 levels only by 2022 or 2023, Chief Executive Markus Duesmann told a German business daily. "We certainly expect the coronavirus crisis to have longer-term effects", Duesmann told Handelsblatt's Thursday edition according to a pre-released version," "We have had a very difficult second quarter. Things are slowly picking up, but not as a sharp 'V' as one would wish for", he said, adding that some countries like China showed a strong rebound while other markets needed longer. Audi is partly banking on rising demand for electronic vehicles, benefiting from government incentives. The carmaker is targeting 2020 sales of 40,000 E-tron branded cars after selling 17,000 in the first six
(Representative image)HOUSTON: California based electric automaker Tesla has picked Austin, Texas capital, for $1.1 billion assembly plant that is expected to provide employment to around 5,000 people. This will be one of the largest economic development projects in Austin's history. Tesla CEO Elon Musk said during the company's earnings call on Wednesday that its next Gigafactory would be located near Austin, Texas. “The location is five minutes from Austin International National Airport and 15 minutes from Downtown Austin. It's about 2,000 acres,” Musk said during the call. “And we're going to make, I think, a factory that it's going to be stunning. It's right on the Colorado River. So we're actually going to have, we're going to have a boardwalk
DETROIT: Tesla overcame a seven-week pandemic-related shutdown at its California assembly plant to post a surprising $104 million net profit for the second quarter. It was the electric car and solar panel maker's fourth-straight profitable quarter, qualifying it to be included in the S&P 500 index of corporate titans. That decision will be made later. Local government restrictions forced Tesla to close its only U.S. assembly factory in Fremont, California, from March 23 to May 11. Even with no production, the company paid roughly 10,000 workers for part of the shutdown and Tesla continued health care and other benefits. The profit, compared with a $408 million loss a year ago, pushed Tesla's shares up 5.7% to 1,682.99 in after-hours trading
NEW YORK: Tesla will build its $1.1 billion Cybertruck factory near Austin, Texas, ending an intense competition with neighboring Oklahoma, the electric carmaker's chief executive, Elon Musk, announced late on Wednesday. The 2,000-acre site on the Colorado River is about 13 minutes from downtown Austin, Musk said during Tesla's second-quarter earnings call. "It's going to be an ecological paradise ... open to the public," he said. Musk said Tesla would consider site runner-up Tulsa, Oklahoma, for future production. Musk and his team met earlier this month with officials in both states, which were competing to land the plant. Tesla's new Cybertruck and its heavy-duty Semi truck, as well as the Model 3 and Model Y cars for eastern North America,
Tesla Inc has advertised for servicing staff in Singapore, a country previously criticised by Chief Executive Elon Musk as unsupportive of electric vehicles. Listings for five jobs in Singapore on networking website LinkedIn are mainly in servicing and repair, such as a service technician and parts adviser. It was not clear where in Singapore the new hires would be based, or whether the U.S. automaker currently has any employees in the country. Tesla did not respond to a request for comment on its Singapore plans. Singapore is one of the world's most expensive places to buy a car and has few electric vehicles. It aims to phase out petrol and diesel vehicles by 2040, and make a bigger bet on
FRANKFURT: Tesla Inc's rapid rise to become the world's most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how. Tesla's ascent took many investors by surprise. But executives at Daimler AG, the parent company of Mercedes-Benz, had a close-up view starting in 2009 of how Tesla and its chief executive Elon Musk were taking a new approach to building vehicles that challenged the established system. Daimler, which bears the name of the man who invented the modern car 134 years ago, bought a nearly 10% Tesla stake in May 2009 in a deal which provided a $50 million lifeline for
NEW YORK: New York Governor Andrew Cuomo on Thursday announced an investment program that would allocate $750 million to build charging stations and other electric-vehicle infrastructure as part of the state's long-term goal to reduce emissions. The measure is set to create more than 50,000 charging stations and will largely be funded by the state's investor-owned utility companies, with the total budget capped at $701 million through 2025. An additional $48.8 million is allocated from a 2017 settlement with German carmaker Volkswagen AG over its diesel emissions cheating scandal to fund electric school and transit buses, as well as charging stations. New York's announcement comes on the heels of a similar measure by Florida, which on July 10 announced an
Tesla Inc's vehicle registrations nearly halved in the U.S. state of California during the second quarter, according to data from Cross-Sell, a marketing research firm that collates title and registration data. Most parts of the United States were under government-imposed stay-at-home orders between April and June to combat the spread of the coronavirus outbreak, which impacted production and caused a plunge in auto sales. Tesla's only US vehicle factory in California was shut for some six weeks of the quarter. The report released on Wednesday showed registrations in California, a bellwether market for the electric-car maker, plummeted almost 48% from a year earlier to 9,774 vehicles in the three months ended June 2020. Model 3 registrations in the state, which
In a rather unprecedented cyber ‘attack’ Twitter accounts of big names and companies were reportedly hacked. According to multiple online reports, a bitcoin-related cyber scam was the origin of the hack and accounts of Apple, Amazon CEO Jeff Bezos Microsoft co-founder Bill Gates, Tesla CEO Elon Musk, were among others that were hacked. As per a report by The Verge, the ‘scam’ first came to light when a tweet was sent out from Musk’s account. The tweet read, “I‘m feeling generous because of Covid-19. I’ll double any BTC payment sent to my BTC address for the next hour. Good luck, and stay safe out there!” A bitcoin address was also mentioned in the tweet, which was soon deleted. Soon, another
The internet is flooded with memes about 2020 being the worst possible year in recent times and how people just want to get it done with. The coronavirus pandemic has wreaked havoc on life as we used to know. But for one man 2020 is turning out to be the ‘best’ year and it is none other than Tesla CEO Elon Musk. Musk is now the 10th richest man in the world, as per Bloomberg Billionaire Index, with his estimated wealth standing at $68.6 billion. At the start of the year, Musk’s wealth was $27.5 billion and he was nowhere being close to the top 10 richest people in the world. However, a $41 billion jump in his wealth means
WASHINGTON: Tulsa, Oklahoma, is an oil-industry town with a 75-foot (23 m) statue called "The Golden Driller." Austin, Texas, is a progressive city in a conservative state with a thriving software industry and a "Keep Austin Weird" counterculture image. These two very different towns have one thing in common: They are both on the short list to land a $1.1 billion vehicle assembly plant for Tesla Inc - and up to 20,000 new jobs. With a decision expected within a few weeks, the Austin-versus-Tulsa contest is heating up as Tesla and its chief executive, Elon Musk, stoke a bidding war over tax breaks and other concessions that would reduce the factory's cost. Travis County, home to Austin, is expected to
Tesla Inc will hold its annual shareholder meeting in person on Sept. 22 at its Fremont factory in California, the electric carmaker said on Friday. The company's "Battery Day", where it is expected to reveal significant advances in battery technology will also be held on the same day, Tesla said. Chief Executive Officer Elon Musk said last month the shareholder meet would tentatively be held on Sept. 15. The meeting was originally scheduled for July 7, which was pushed to a later date following stay-at-home orders due to the coronavirus pandemic. Tesla has been facing pressure from shareholder advisory firms, Glass Lewis and ISS, against the re-election of Chairwoman Robyn Denholm over concerns of corporate governance and her leadership.
BEIJING: WeRide, a Chinese autonomous vehicle startup, said on Friday it has become the first autonomous company to start fully driverless vehicle testing in China, as the world's biggest auto market accelerates development of autonomous technologies. Three-year-old WeRide, backed by Nissan, Renault and Mitsubishi, said in a statement that it started tests on Wednesday on open roads in a designated area of Guangzhou after the southern Chinese city granted permission. In China, companies such as Toyota-backed Pony.ai, Baidu Inc, and Didi Chuxing are also testing autonomous cars, but all with one or two safety staff onboard. The people onboard take control in unexpected situations. WeRide said it will use a remote centre to take control of their vehicles if needed.
SHANGHAI: US electric vehicle maker Tesla Inc is "very close" to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input. "I'm extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly," Musk said in remarks made via a video message at the opening of Shanghai's annual World Artificial Intelligence Conference (WAIC). "I remain confident that we will have the basic functionality for level 5 autonomy complete this year." Automakers and tech companies including Alphabet Inc Waymo and Uber Technologies are investing billions in the autonomous driving industry. However industry insiders have said it would take time for
Elon Musk (File photo)SHANGHAI/BEIJING: US electric vehicle maker Tesla Inc is "very close" to achieving level 5 autonomous driving technology, chief executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input. "I'm extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly," Musk said in remarks made via a video message at the opening of Shanghai's annual World Artificial Intelligence Conference (WAIC). "I remain confident that we will have the basic functionality for level 5 autonomy complete this year." Automakers and tech companies including Alphabet Inc Waymo and Uber Technologies are investing billions in the autonomous driving industry. However industry insiders have said it would
SAN FRANCISCO: Multi-billionaire tech mogul Elon Musk has hinted at a possible new factory in Asia but that would not be in China this time. When asked on Twitter about whether Tesla plans to "expand mega factories in Asia outside China," Musk asserted on a positive note but also said that currently, the company's priority is to complete the new Tesla Gigafactory in Berlin and another in the US. "Yeah, but first we need to finish Giga Berlin and a second US Giga to serve the eastern half of North America," he tweeted. Presently, Tesla is working toward building a new factory near Berlin and a new factory in Austin. Tesla is also expanding its Gigafactory Shanghai and adding more
Can Elon Musk sell anything? Does he -- or Tesla for that matter -- have that kind of ‘cult’ where products launched for ‘random’ reasons can also be lapped up? Well, it looks look, he can. Musk pulled a surprise on one and all by announcing Tesla Short shorts. These are limited edition shorts under the Tesla brand and they spell “S3XY” at the back. Apart from the obvious interpretation, each letter refers to the electric car models that Tesla has manufactured, namely Model S, Model 3, Model X and Model Y. It’s a Tesla ‘product’ and it doesn’t come cheap. Tesla Short shorts are priced at $69.420. Yes, Musk did get the 420 in pricing and announced the limited-edition
SEOUL: South Korea's LG Chem Ltd plans to start producing batteries for Tesla Inc vehicles at a domestic factory this year after the U.S. electric carmaker raised orders to cope with demand, a person familiar with the matter said on Friday. "Tesla is asking not only LG Chem but other suppliers to increase supplies, as its cars are selling well," the person told Reuters. A second person with knowledge of the situation also said LG Chem is converting some of its production in South Korea to produce batteries for Tesla. An LG Chem factory in Nanjing, China, already makes batteries for Tesla. Both sources spoke on condition of anonymity, citing the confidentiality of the matter. An LG Chem spokesman declined
In early 2019, Tesla seemed to be stuck in a ditch. After a steep drop in sales at the beginning of that year, the company was scrambling to raise cash, slashing costs and closing dealerships. It slowed spending on new models, and even analysts who had once been very bullish about the company’s prospects soured on it. It did not help that Tesla’s chief executive, Elon Musk, was regularly sparring on Twitter with critics and securities regulators alike. But the electric car pioneer seems to finally have hit its stride. Despite the coronavirus pandemic, its sales are holding up fairly well, with growth in China and other overseas markets offsetting a slowdown in the United States, where the virus remains
Electric carmaker Tesla would be assisting German pharmaceutical company CureVac in the development of COVID-19 vaccine. Tesla CEO Elon Musk announced this on Twitter. Tesla plans to build “RNA microfactories” for CureVac and maybe for other companies too in the future. @SamTalksTesla @tlowdon @daniellevitt22 Tesla, as a side project, is building RNA microfactories for CureVac & possibly others— Elon Musk (@elonmusk) 1593671854000The “RNA microfactories” Musk refers to are automated mRNA production units that CureVac calls printers, as per a report in news agency Reuters. The microfactories will be shipped to various locations where they can help the scientists and researchers figure out the right ingredients for the vaccine. As per the report, if one of the vaccines developed though the
(File photo)NEW DELHI: Tesla Inc on Wednesday became the highest-valued automaker as its shares surged to record highs and the electric carmaker's market capitalisation overtook that of former front runner Toyota Motors Corp. Tesla shares hit a record of $1,133, boosting the company's market cap to $209.47 billion - roughly $6 billion more than Toyota is currently valued by investors. Tesla is now worth more than triple the combined value of US automakers General Motors Co and Ford Motor Co. The shares' meteoric rise, up more than 163% since the start of 2020, highlight growing confidence among investors about the future of electric vehicles and Tesla's shift from a niche carmaker into a global leader in cleaner cars. After several
NEW YORK: Tesla engineered its latest coup Wednesday, becoming the world's richest car company while two of Detroit's old guard, General Motors and Fiat Chrysler, reported sagging auto sales amid the coronavirus pandemic. Led by Elon Musk, Tesla has seen ups and downs but its shares have risen steadily since late 2019 as it met key production targets for its Model 3 car, with the automaker topping Japan's Toyota in market valuation. The company still sells only a fraction of the autos of the Big Three, yet it has captivated investors' imaginations as a bet on the future under charismatic leader Musk, who has challenged conventional wisdom on CEO comportment while also trying to shift the industry towards electric cars.
PALO ALTO: With one day left before the second quarter closes, Tesla CEO Elon Musk is telling employees that prospects for the company breaking even for the three-month period are tight, and he's asking them to go all-out to make it happen. Tesla is trying to avoid a quarterly loss despite its Fremont, California, factory being shut down for nearly two months due to coronavirus restrictions. The company also has a plant in China. In an email message Monday to the company's workers, Musk wrote that it “really makes a difference for every car you build and deliver.” Tesla had about 48,000 workers at the end of last year. Tesla is expected to announce its quarterly deliveries on Thursday, but
BERLIN: BMW should shift course and establish a technology platform just for electric cars, moving away from developing cars that can be fitted with either electric or combustion engines, the head of the influential works council said. "Only with our own e-architecture can we fully exploit the advantages of an electric vehicle," Manfred Schoch told Der Spiegel magazine. Schoch said a dedicated electric platform is needed if the German luxury carmaker is not to be overtaken by competitors from California - like electric car company Tesla - or from China. Spiegel said Schoch's call comes after some BMW managers have pushed for a new electric strategy internally for some time. Those managers hope that the company will now quickly shift
DETROIT: Complaints that Tesla's giant touch screens can fail have drawn the attention of U.S. safety regulators. The National Highway Traffic Safety Administration says in documents that it's investigating failures in the 2012 through 2015 Tesla Model S. Documents posted Wednesday say the agency has received 11 complaints about the screens over the past 13 months in vehicles that have been in use from 3.9 years to 6.3 years. If the screens fail, the cars will lose the rear camera display, causing reduced visibility. No crashes or injuries have been reported. A message was left early Wednesday seeking comment from Tesla. The probe covers 63,000 Model S vehicles with screens controlled by flash memory devices with finite lifespans based on
US President Trump’s order to suspend foreign work visas hasn’t gone down well with Silicon Valley biggies as they seem unhappy with it. Apple, Google, Facebook, Amazon, Tesla all expressed disappointment at Trump's latest decision which has dealt a blow to employers and employees looking to hire H-1B visa seekers.
TOKYO: Tesla Inc has signed a three-year pricing deal with Japan's Panasonic Corp relating to the manufacture and supply of lithium-ion battery cells at the Gigafactory in Nevada, the electric carmaker disclosed in a filing on Tuesday. Tesla and Panasonic have been reported to be in talks to expand the battery joint venture's capacity. Panasonic hinted in May that it was working to develop new batteries with Tesla, possibly with higher capacity. Tesla said the deal, signed last week and effective April 1, 2020, sets the terms for production capacity commitments by Panasonic and purchase volume commitments by Tesla over the first two years of the agreement. Tesla also amended the general terms and conditions of its partnership with
FRANKFURT: The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of battery-powered cars, according to the International Energy Agency (IEA). In its annual Global EV Outlook, the IEA said the number of public slow and fast charging spots reached 862,118 globally, with China, the world's largest car market, taking a 60% share. Fast chargers accounted for 31% of the total. The IEA defines slow charging as providing power of up to 22 kilowatts (kW), taking hours to charge a vehicle battery. Fast chargers, including Tesla's superchargers, can take minutes. "China continues to lead in the rollout of publicly accessible chargers, particularly fast chargers, which
BEIJING: Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the ease of coronavirus lockdown. The price cut comes as states after lockdown during which demand for cars waned. It was not immediately clear by how much Tesla was cutting its prices or when the cuts would take effect. The company's Model S sedans will now be priced from $79,990, and its Model X sport utility vehicles from $84,990, according to its website. The cheapest Model 3 sedan will be priced at $37,990, the website said. Tesla said it will also cut prices in China, the company's usual practice after price adjustments in the
BEIJING: Tesla Inc is seeking Chinese government approval to build model 3 vehicles in the country equipped with lithium iron phosphate (LFP) batteries, a document on the website of the Ministry of Industry and Information Technology showed. Reuters exclusively reported in February that Tesla is in advanced talks to use LFP batteries from CATL that contain no cobalt - one of the most expensive metals in electric vehicle (EV) batteries - in cars made at its China plant. The document does not show the name of the battery maker. Tesla did not immediately respond to a request for comment. The US car maker is building Model 3 vehicles at its Shanghai factory. It uses EV batteries from Panasonic Corp and LG Chem. CATL
वाशिंगटन: अमेरिका में जहां कोरोना (Coronavirus) के बढ़ते प्रकोप ने सरकार को मुश्किल में डाल दिया है, वहीं इलेक्ट्रिक कार निर्माता टेस्ला (Tesla) ने केवल इसलिए कैलिफोर्निया (California) प्रशासन के खिलाफ मुकादमा दायर किया है, क्योंकि लॉकडाउन के चलते उसे प्लांट खोलने की अनुमति नहीं मिल रही है. वहीं, कंपनी के CEO एलन मस्क (Elon Musk) ने प्रशासन की पाबंदियों को गलत करार देते हुए टेस्ला के मुख्यालय और भविष्य के कार्यक्रमों को कैलिफोर्निया से टेक्सास या नेवादा ले जाने की धमकी दी है. गौरतलब है कि कोरोना के प्रसार को सीमित करने के प्रयासों के तहत प्लांट को बंद रखा गया है. मस्क लगातार कैलिफ़ोर्निया के अल्मेडा काउंटी स्थित टेस्ला के प्लांट को खोलने की मांग करते आ रहे हैं.
वॉशिंगटनः टेस्ला के मालिक एलन मस्क ने अपने बच्चे का ऐसा यूनिक नाम रखा है, जो आज तक कभी भी किसी ने सोचा न होगा. इस नाम की वजह से सोशल मीडिया पर काफी सनसनी मच गई है. मंगलवार को एलन मस्क की गर्लफ्रेंड ग्रिम्स ने बच्चे को जन्म दिया. इसकी जानकारी एलन मस्क ने ट्विटर के जरिए दी. ट्वीट में मां और बेबी के स्वस्थ होने के अलावा उन्होंने बच्चे के बारे में ज्यादा जानकारी देने से परहेज किया. इस बीच सोशल मीडिया पर फैंस के साथ चैटिंग के दौरान मस्क से किसी यूजर ने बच्चे का नाम पूछ लिया. रखा है यह नामएलन ने उस यूजर को अपने बेटे का नाम बताया तो फिर किसी को भी एकाएक विश्वास
वॉशिंगटन: इलेक्ट्रिक वाहन बनाने वाली कंपनी टेस्ला (Tesla) के संस्थापक एलन मस्क (Elon Musk) के एक ट्वीट से कंपनी को भारी नुकसान उठाना पड़ा है. कंपनी के शेयरों में जबरदस्त गिरावट दर्ज की गई है. कंपनी को 14 अरब डॉलर का नुकसान उठाना पड़ा है. दरअसल, मस्क ने शुक्रवार अपने ट्वीट में टेस्ला के शेयरों की कीमत पर टिप्पणी की थी. उनकी यह टिप्पणी उन्हीं पर भारी पड़ी. एलन मस्क ने कहा था कि ‘मेरे हिसाब से टेस्ला के स्टॉक प्राइज कुछ ज्यादा हैं’. इसके तुरंत बाद कंपनी के शेयरों में गिरावट होने लगी, जो 14 अरब डॉलर के नुकसान पर जाकर बंद हुई. शुक्रवार को एलन मस्क के ट्वीट के बाद टेस्ला शेयर की कीमतों में 10.3 प्रतिशत गिरावट दर्ज