Tesla

Major Companies Firing Employees: What You Need To Know

Major Companies Firing Employees: What You Need To Know

Since the beginning of 2024, major companies have been announcing large-scale layoffs. These layoffs have been caused by economic downturns, company restructuring, mergers, shifts in business strategies, etc.  Tata Steel UK Layoffs Tata Steel UK, a subsidiary of Tata Group, is firing around 2,500 employees. The CEO, T V Narendran, said, “The loss of the…

Global Tech Recap: Top Tech News This Week 

Global Tech Recap: Top Tech News This Week 

The tech landscape worldwide changes daily, and staying updated with it has become extremely important. This tech recap will help you understand the latest developments in tech business worldwide.  1. Elon Musk Pospones His Much-Anticipated India Visit The CEO of Tesla and SpaceX, Elon Musk, was scheduled to visit India on the 21st and 22nd…

Byju No Longer A Billionaire, Net Worth Falls To Zero

Byju No Longer A Billionaire, Net Worth Falls To Zero

Recently, Forbes released its latest Billionaire Index 2024, revealing that Byju’s Raveendran’s net worth has plummeted to a big fat zero. Raveendran’s net worth a year ago stood at Rs. 17,545 crore, and he was featured on the ‘World Richest List’ of numerous prestigious magazines, but the recent hardships he faced have drowned his net…

India’s Import Tax Cuts Present An Opportunity For Tesla

India’s Import Tax Cuts Present An Opportunity For Tesla

Last Friday, the Indian government announced that it would cut the import tax on vehicles, which is exactly what electric car manufacturers like Tesla and other competitors are looking for to get their foot set in the third-largest car market in the world.  For years now, the import tax in India has been very hefty….

Bernard Arnault Takes Top Spot As World’s Richest Person

Bernard Arnault Takes Top Spot As World’s Richest Person

Bernard Arnault, the owner, chairman and CEO of French luxury goods brand LVMH, has now overtaken Elon Musk as the richest man in the world. According to Forbes Magazine, Bernard Arnault has accumulated a net worth of $207.4 billion after shares of his company soared, accounting for a $23.6 billion increase in his net worth….

Elon Skips Gujarat Summit But Tesla Welcome To Invest

Elon Skips Gujarat Summit But Tesla Welcome To Invest

Gandhinagar, Gujarat is set to host the 10th annual Vibrant Gujarat Summit from 10 Jan 2024 to 12 Jan 2024. Delicacies from many countries are attending this summit. However, one of the biggest guests and the CEO of Tesla Automotive has confirmed that he will not be attending the summit, a senior government official disclosed….

Union Cabinet Approved Royalty Rates For Rare Minerals

Union Cabinet Approved Royalty Rates For Rare Minerals

In an announcement made on Wednesday, the Union Cabinet approved royalty rates for some critical and strategic minerals. This decision comes after Minister of Mines, Vivek Bharadwaj announced that India will be auctioning some critical mineral mines. The royalty for Lithium, Rare Earth Elements (REE) and Niobium are 3%, 1% and 3% respectively.  In August,…

Elon Musk’s Twitter Deal Under Scrutiny From The SEC

Elon Musk’s Twitter Deal Under Scrutiny From The SEC

The US Securities and Exchange Commission or SEC has started investigating Elon Musk over his $44 billion Twitter deal, they want the billionaire to testify. The Agency is looking to review Elon Musk’s statements and disclosure for the stock transaction of the Twitter deal. SEC said on Thursday that they arranged a testimony for Musk…

Tesla To Source Automobile Parts Worth $1.9 Billion This Year

Tesla To Source Automobile Parts Worth $1.9 Billion This Year

On Wednesday, Commerce Minister Piyush Goyal revealed that the Tesla Inc has planned to source automobile parts worth up to $1.9 billion this year from India. Basically, this move of the electric vehicle giant is set to boost the country’s automobile industry and reflects the growing interest of the global industries in India as a…

Master Plan 3 Unveiled By Musk At Tesla’s Investor Day

Master Plan 3 Unveiled By Musk At Tesla’s Investor Day

The co-founder, CEO, and billionaire Elon Musk revealed a new ambitious master plan at the  Investor Day event hosted by Tesla in Austin, Texas, on Wednesday. This new aspiration plan requires an investment of $10 trillion to achieve a “sustainable energy future”. The third part of Tesla’s master plan aimed at making efforts to reduce…

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