Tue, 21-Oct-2025

Watch Live

logo-black

Download App

اردو

Electric car maker Tesla

Tesla reports record profits, bullish on 2022 output

by
Tesla

Despite persistent supply chain issues and a setback from China’s latest Covid-19 shutdown restrictions, Tesla reported another strong quarter of profit increase on Wednesday, citing higher-priced automobiles. Elon Musk’s high-flying electric vehicle company notched a new record in quarterly profits of $3.3 billion following the unveiling of new factories in Germany and the US state … Read more

Tesla to recall nearly 200,000 cars in China over collision risk

by

BEIJING: Tesla is recalling almost 200,000 vehicles in China over problems with the trunk and front hood that raise the risk of collisions, a state regulator said Friday, hours after a similar recall was announced in the United States. The order is the latest blow to the American self-driving car pioneer, which is hugely popular … Read more

The Tesla Autopilot “tricked” into running without a Driver

by
Tesla

The autopilot function in Tesla vehicles can be made to work without a driver, an influential consumer magazine in the United States discovered. Consumer Reports engineers analyzed claims that autopilot can operate without a driver. They tested the Model Y on a closed track and came to the conclusion that the system could be “easy … Read more

Tesla Hunts For Showrooms, Service Centres in 3 Indian Cities

by
Tesla showroom space in India

The auto-maker giant Tesla is reportedly hunting for new showrooms in three Indian cities – the capital New Delhi, Mumbai and Bengaluru.

According to sources, Tesla, back in January had registered a local company in India, where it will likely import and sell the Model 3 sedan by mid-2021.

The electric car maker is looking for properties around 20,000-30,000 square feet for the showrooms and service centres in India, sources added.

Back in October 2020, Elon Musk, the CEO of the car-maker, said on Twitter that the company will enter India in 2021 “for sure”.

Earlier, Tesla’s Chief Executive (CEO) Elon Musk has good news for those who are willing to buy the electric car.

Taking to Twitter, Elon Musk had revealed that a person can now buy a Tesla using Bitcoin, the world’s largest cryptocurrency.

“You can now buy a Tesla with Bitcoin,” he had tweeted.

The other tweet read, “Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

Read more

Tesla invests $1.5bn in Bitcoin causing the currency to spike above $43,000

by
Tesla buys bitcoin

Giant electric car-maker Tesla announced that the company has bought $1.5 billion worth of bitcoin here on Monday.

According to the details, Bitcoin’s price soared to an all-time high, breaking above $43,000 apiece, after Tesla bought $1.5bn of the cryptocurrency.

The world’s largest cryptocurrency was trading 15% higher at $44,141 after Tesla’s announcement.

“In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity,” reads the filing.

“Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term.”

It further added, “In addition to the bitcoin purchase, Tesla expects to begin accepting bitcoin as a form of payment for its products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.”

Read more

Tesla employee accused of tipping reporters; to pay $400,000 to end lawsuit

by
Tesla employee accused of tipping

Former Tesla employee ordered to pay $400,000 after allegedly accused of tipping reporters about production inefficiencies and delays

According to the details, the payment by Martin Tripp, a former process technician at Tesla’s Gigafactory, was part of a settlement detailed in a Monday filing with the federal court in that city.

Tesla and Musk became embroiled in a public dispute with Tripp in June 2018, when it fired and then sued him.

Earlier in September, the judge dismissed Tripp’s defamation counterclaim over statements from Tesla, including an email to employees where Elon Musk accused him of “sabotage”.

According to the court filing, the accused did not contest Tesla’s claims that he stole trade secrets, and acknowledged that his counterclaims were funded by a short seller of Tesla stock.

Moreover, the Electric-Car maker had recorded a major profit spike of a fifth quarter in a row despite the pandemic.

Tesla said it made $8.7 billion revenue in the three months to September, as deliveries rose 54%.

The firm said it still hoped to meet its goal of delivering more than 500,000 vehicles this year but warned this had “become more difficult”. Analysts also warned the firm faced mounting competition.

So far, Tesla has delivered fewer than 32,000 cars to customers this year – but nearly half of those – 139,593 – came in the three months ended 30 September.

That was up 54% from the prior quarter and 44% year-on-year.

However, the carmaker automatically rose to a profit of $311 million – more than double what it made during the same period last year.

Read more

Menu

Latest

Entertainment

Lifestyle