Tesla Inc chief executive Elon Musk indicated on Friday that the U.S. electric carmaker will make a foray into India in 2021
The cheaper car will come from cutting the cost of batteries in half, the chief executive officer said at an event Tuesday
Musk acknowledged that Tesla does not have its ambitious new vehicle and battery designs and manufacturing processes fully complete
Tesla expects to eventually be able to build as many as 20 million electric vehicles a year
Many analysts and industry officials expected Musk to unveil battery improvements at the widely-anticipated event
Musk's goal has been to learn enough - from partnerships, acquisitions and talent recruitment - to bring key technologies under Tesla's control
Toyota, one of the world's biggest carmakers, began operating in India in 1997. Its local unit is owned 89% by the Japanese company and has a small market share
Musk was responding to a question about Gates' 'declarations' on electric trucks
Tesla has said its Semi truck model, which was first unveiled in 2017, is expecting first deliveries beginning 2021
The electric car maker Tesla is set to showcase "many exciting things" at its Battery Day on September 22, Elon Musk has said
The future's going to be weird, Mr Musk proclaimed
Tesla shares fell as much as 20 per cent in intra-day trade on Tuesday, the biggest one-day loss since early February
VW's modular electric-drive matrix platform gives the carmaker a "huge" advantage," as it can build any vehicle of any brand on it, Osterloh said
Investors have gone back and forth on whether Son, 63, is a true visionary or more of a gambler
Tesla is helping to build mobile molecule printers to make the potential COVID-19 vaccine under development by CureVac
The move comes a day after a 5-for-1 stock split took effect, Tesla's first since its initial public offering in June 2010, and follows a nearly six-fold increase in the value of its shares this year
A 27-year-old Russian had been arrested for allegedly offering an insider $1 million to assist in a ransomware extortion attack
Elon Musk spoke enthusiastically about the potential for the technology to address brain injuries and other disorders
This week marked just the latest boon for the personal fortunes of the richest of the rich, whose red-hot growth has been largely driven by surging markets, particularly for tech shares
A large chunk of his wealth comes from the 21% stake in Tesla, according to Forbes