It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Billionaire Elon Musk, the world's richest person, is nearly halfway to becoming the planet's first trillionaire, Forbes magazine reported Wednesday.

New York, United States - CEO Elon Musk bought about $1 billion worth of shares in Tesla, according to a regulatory filing, sending the share price up six percent on Monday. According to the filing with the Securities and Exchange Commission, the billionaire, who also owns social media platform X...

New York, United States - Billionaire Elon Musk is at risk of losing his title of world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant stands poised for massive AI riches. Ellison, 81, amassed more than $100 billion in additional wealth Wednesday as Oracle shares skyrocketed after the...

New York, United States -- Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1 trillion if the controversial CEO delivers on his vision for stratospheric growth from new technologies. The plan potentially provides Musk -- already the world's wealthiest person -- with up to...

Washington, United States -- Tesla announced an "interim" compensation award worth about $29 billion for Elon Musk on Monday, asserting the need to retain the controversial CEO at a moment of fierce competition for top talent. The electric vehicle maker said in a statement it will award a distribution of...

Shares rally after the disclosure, better than some forecasts.

New York, United States -- Tesla is expected to begin offering robotaxi service Sunday in Austin, an initial step that Elon Musk's backers believe could lead to the company's next growth wave. The launch -- which comes as Musk refocuses on his business ventures following a controversial stint in Donald...

New York, United States - Tesla announced Friday that it signed an agreement to build its first grid-scale energy storage power station project in mainland China. The project will help with the flexible adjustment of grid resources, and "effectively solve pressures relating to urban power supply," Tesla said in a...

Washington, United States - US President Donald Trump said Friday that Elon Musk had "lost his mind" but insisted he wanted to move on from the fiery split with his billionaire former ally. The blistering public break-up between the world's richest person and the world's most powerful is fraught with...

Washington, United States - Billionaire Elon Musk on Wednesday announced he was leaving his role in US government, intended to reduce federal spending, shortly after his first major break with President Donald Trump over his signature spending bill. "As my scheduled time as a Special Government Employee comes to an...

The opening in Riyadh comes with Tesla sales dropping.

The dip occurred amid lower production during factory upgrades.

The company suffered from boycotts against the policies of Elon Musk.

The Chinese EV giant's net profit was $5.55 billion for 2024.

Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants catch up with Chinese rivals and Tesla on electric vehicles. Their collaboration would create the world's third-largest automaker

Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with prices starting as low as $16,812, far below that of Tesla’s Model 3, CNBC reported The Chinese automaker said orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after...

Beijing, China - China dominates the market for electric vehicles. Now it's chasing in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines, Reuters reports. At the World Robot Conference this week in Beijing, over two dozen Chinese companies showed off humanoid robots...

Electric carmaker Tesla saw its shares surge on Tuesday.

Deliveries still 4.7 percent down from a year ago.

Its shares rose more than three percent in after-market trades.

The decline was in part due to a weak sales market in China.

China's EV sector has grown rapidly in recent years.

OpenAI captured the public imagination in late 2022 with the release of its chatbot ChatGPT, which can generate poems and essays and even succeed in exams. OpenAI has received about $13 billion in investment from Microsoft in recent years, and both companies market AI services to developers and individuals.

Michael Stuebgen, interior minister for Brandenburg state, said that "if initial findings are confirmed, this is a perfidious attack on our electricity infrastructure".

Form Saudi Arabia to the UAE, Qatar to Kuwait, governments of the region compete to jumpstart an industrial sector. But doubts remain whether it can be pulled off.

In recent years, China's auto sector has grown remarkably largely because of massive investments in electric cars, an area where Japanese firms have been more cautious. The JAMA figures showed that Japan shipped 4.42 million vehicles in 2023, compared with 4.91 million exported by China, as reported by China's automobile...

Amid declining sales and safety concerns, CEO covets more control, seeking solace in SpaceX's success.

Houthi attacks in the Red Sea caused a shortage of parts.

Abu Dhabi, UAE - Bitcoin surged above $47,000 on January 9, marking its highest value since March 30, 2022, as reported by the Coindesk platform. Bitcoin, originating in 2008 under the pseudonym Satoshi Nakamoto, operates as a decentralized digital currency, facilitating peer-to-peer transactions without the need for a central authority...

It is part of the company's planned US$2bn investment.

China is a vital component in US-based Tesla's global layout.

Tesla's stock slipped after the news was announced.

The car manufactured by Xiaomi likely to enter market by 2025.

BYD already has operations in Hungary, including an electric bus factory.

The project was announced in April after Tesla chief Elon Musk presented a vague but ambitious plan to investors to turbocharge growth. Company representatives signed an agreement to acquire land for the factory on the outskirts of Shanghai on Friday morning, according to state news agency Xinhua.

Tesla's Autopilot program has spurred numerous government investigations as well as media exposes focusing on misuse or vulnerabilities. The system has also been targeted in lawsuits. In October, a California jury rejected a plaintiff’s suit against Tesla which claimed that a fatal 2019 crash was the result of the company's...

The alliance comes as workers and governments are fretting over the potential repercussions of AI on work, with fears that whole industries and professions could be displaced by human-replacing technology. Microsoft has become the standard-bearer of the AI revolution, moving faster than other tech giants in adopting the technology.

He hopes it will compete with ChatGPT's Open AI.

Stockholm, Sweden - Electric carmaker Tesla on Monday filed a lawsuit against the Swedish state over a strike by postal workers that is blocking deliveries of license plates for its new cars. Tesla is currently facing strikes on multiple fronts in Sweden over its refusal to sign a collective wage agreement...

The White House confirmed it had launched Threads accounts for the president, First Lady Jill Biden, Vice President Kamala Harris, her husband Douglas Emhoff and the White House itself in English and Spanish. An official said that Threads is an additional way "we can communicate with the American people about...

Brussels, Belgium - EU member countries on Monday adopted a watered-down deal on curbing car emissions, after auto manufacturers complained stricter measures could undermine electric vehicle investments. Led by France and Italy, the 27 nations voted for a less ambitious plan than the one put forward by the European Commission in...

BRUSSELS, BELGIUM- Mahsa Amini, the Iranian Kurdish woman who died in custody a year ago, and billionaire Elon Musk were among a field of nominations put forward on Wednesday for the EU's top rights prize. The European Parliament's three biggest political groups each backed Amini as the recipient for this year's Sakharov...

The tech tycoon has made multiple changes since taking over the site for $44 billion in October last year, when it was known as Twitter. He has fired thousands of employees, introduced a paid premium option, cut content moderation and reinstated formerly banned accounts including that of former US president...

The WSJ's report, released on Monday, cited anonymous sources stating that while talks between Tesla and Saudi Arabia were in their infancy, the outcome remained uncertain. The report highlighted potential roadblocks, including Musk's reportedly strained relationship with the Saudis and the presence of Lucid Motors, a Tesla competitor, which is...

Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But Monday's press preview will already give carmakers a chance to show off some of the new models that will be hitting the road soon.

One measure of usership, by company Similarweb, showed that daily active users on the Android version of Threads dropped to 10.3 million from the peak of 49.3 million. In the week of the Threads launch early last month, Meta CEO Mark Zuckerberg cautioned the app would "take time to stabilize,...

The liquid enhances efficiency of energy storage systems.

In 2014, the CEO of Tesla and SpaceX visited Japan for a ceremony marking his electric car-making company's full-scale entry to the country's market. During that trip, he briefly met with then prime minister Shinzo Abe, who was gunned down last year.

Since Musk bought the social media platform for $44 billion last October, its advertising business has collapsed, in part because of its looser approach to blocking hate speech, and the return of previously banned far-right accounts. Musk has repeatedly cited a desire for free speech as motivating his changes.