The Chief Executive of Tesla Inc, Elon Musk, has sold Tesla shares amounting to $6.9 billion, citing his dispute with Twitter. Musk sold Tesla shares claiming that the money might be used to finance a prospective Twitter deal if he loses a court battle with the social media site. Yes. In the (hopefully unlikely) event […]

Washington [US], August 10 (ANI): Elon Musk, the world's richest man, has sold 7.92 million shares of Tesla Inc worth around $6.88 billion, as per a series of regulatory filings by the company.

Elon Musk, the CEO of Tesla, sold 4.4 million Tesla shares which are worth USD 3.99 billion on Thursday. The sale took place as Musk raises funding to complete his purchase of Twitter. According to Insider Aaron Weinman, Musk needs to utilize his Tesla stock to obtain $21 billion in equity to fund his buyout […]

New Delhi Apr 26 PTI Union minister Nitin Gadkari on Tuesday said if the US-based Tesla is ready to manufacture its electric vehicles in India then there is no problem but the company must not import cars from China In an interactive session at the Raisina Dialogue Gadkari further said India is a large market and there is a huge potential for all electric vehicles If Elon Musk Tesla CEO is ready to manufacture in India then there is no problem Come to India start manufacturing India is a large market they can export from India he said The road transport and highways minister said his request to Musk is to come and manufacture in India But if he wants to manufacture in China and sell in India then it cannot be a good proposition for India Gadkari said According to him India has got all the competence The vendors are available We have all types of technology we have all the spare parts he said adding thatit will be a win-win situation for both India and Tesla Last year the heavy industries ministry had also asked Tesla to first start manufacturing its iconic electric vehicles in India before any tax concessions can be considered At present cars imported as completely built units CBUs attract customs duty ranging from 60-100 per cent depending on engine size and cost insurance and freight CIF value less or above USD 40000 Last year in a letter to the road ministry the US firm had stated that the effective import tariff of 110 per cent on vehicles with customs value above USD 40000 is prohibitive to zero-emission vehicles It had requested the government to standardize the tariff on electric cars to 40 per cent irrespective of the customs value and withdraw the social welfare surcharge of 10 per cent on electric cars It had stated that these changes would boost the development of the Indian EV ecosystem and the company will make significant direct investments in sales service and charging infrastructure and significantly increase procurement from India for its global operations The company had argued that these proposals would not have any negative impact on the Indian automotive market as no Indian OEM currently produces a car EV or ICE with ex-factory price above USD 40000 around Rs 306 lakh and only 1-2 per cent of cars sold in India EV or ICE have ex-factorycustoms value above USD 40000 Gadkari also noted that liquefied natural gas LNG and green hydrogen are the future fuels of India The minister announced that the Ministry of Road Transport and Highways MoRTH has decided to use glass fibre instead of steel to reduce the cost of construction PTI BKS MR

New Delhi Apr 26 PTI Union minister Nitin Gadkari on Tuesday said if the US-based Tesla is ready to manufacture its electric vehicles in India then there is no problem but the company must not import cars from China In an interactive session at the Raisina Dialogue Gadkari further said India is a large market and there is a huge potential for all electric vehicles If Elon Musk Tesla CEOis ready to manufacture in India then there is no problem Come to India start manufacturing India is a large market they can export from India he said The road transport and highways minister said his request to Musk is to come and manufacture in India But if he wants to manufacture in China and sell in India then it cannot be a good proposition for India Gadkari said Last year the heavy industries ministry had also askedTesla to first start manufacturing its iconic electric vehicles in India before any tax concessions can be considered At present cars imported as completely built units CBUs attract customs duty ranging from 60-100 per cent depending on engine size and cost insurance and freight CIF value less or above USD 40000 Last yearin a letter to the road ministry the US firm had stated that the effective import tariff of 110 per cent on vehicles with customs value above USD 40000 is prohibitive to zero-emission vehicles It had requested the government to standardize the tariff on electric cars to 40 per cent irrespective of the customs value and withdraw the social welfare surcharge of 10 per cent on electric cars It had stated that these changes would boost the development of the Indian EV ecosystem and the company will make significant direct investments in sales service and charging infrastructure and significantly increase procurement from India for its global operations The company had argued that these proposals would not have any negative impact on the Indian automotive market as no Indian OEM currently produces a car EV or ICE with ex-factory price above USD 40000 around Rs 306 lakh and only 1-2 per cent of cars sold in India EV or ICE have ex-factorycustoms value above USD 40000 PTI BKS MR

Chandigarh [India], January 22 (ANI): Punjab Congress Chief Navjot Singh Sidhu on Saturday said that the raids conducted by Enforcement Directorate (ED) at the house of Chief Minister Charanjit Channi's relative house seem to be a part of the political agenda of Aam Aadmi Party as State Assembly elections are approaching.

Washington [US], January 4 (ANI): In yet another major milestone, Apple became the world's first three trillion US dollar company on Monday.

Washington [US], October 8 (ANI): Tesla founder Elon Musk said that they are moving the company's headquarters from the US state of California to Texas because there is more space to expand operations and it has a more affordable cost of living.