Elon Musk, the CEO of Tesla and SpaceX, sent an email on Thursday saying that his company needed to cut staff by 10 per cent until it can achieve profitability. With a hefty cost accounting for shooting up the price of Tesla cars in China, the CEO is hoping skills changes will reduce expenses and
Automobile demand and production across personal mobility and goods movement is a sign of the country’s economic growth. Mint explains some exciting trends and points out potential risks according to wholesale auto data for February. February numbers for auto sales OEMs dispatched wholesale passenger cars in sustained volumes in February. However, two-wheeler production saw a
The automotive industry isn’t quite what it used to be, times are changing and whereas automotive used to be top of the list when it comes to emerging industries, tech has taken over which see’s the automotive industry losing value, a little. However, if you own a 4×4 then you’re in luck because, there are
The 118-year old Ford’s market cap reached over $100 billion the first time. The company’s shares skyrocketed to more than 5.7% on Thursday. The company’s stocks surged by reports of their plans to quicken the production of fully-electric models. 118-year old Ford reaches over $100 billion Jim Farley, CEO of Ford, took over the company
Elon Musk replied to a tweet on Thursday saying, “Still working through a lot of challenges with the government.” While the billionaire CEO did not point out the “challenges” on his Twitter post, the high duty of 100% on EVs and imported cars could be one of the reasons. Why is Tesla facing challenges with
2021 has been a significant year for automobiles, with Rolls Royce hitting record-breaking sales in 117 years. The highest-ever annual sales report discloses that the carmaker has delivered 5,586 cars. How did Rolls Royce hit record-breaking sales? The Ghost scoops the credit for Rolls Royce, hitting record-breaking sales in 117 years. Ensured bookings of the
Tesla opens a new showroom in Xinjiang on December 31, 2021. The Biden administration strongly disapproves of Tesla’s connection with the region. President Biden has signed the Uyghur Forced Labor Prevention act banning imports from the Xinjiang region. Why is Tesla being criticized for opening a new showroom in Xinjiang? According to Human Rights Watch,
Toyota has taken over GM as the largest automaker in the U.S. in 2021. Toyota outnumbered GM by selling 2.332 million vehicles. From 1931 GM was one of the best-selling car companies in the U.S. until Toyota took over as the largest automaker. How did Toyota take over GM as The Largest Automaker in the
Technology has been a part of our existence since its inception. Different kinds of technology suited for small & large businesses or domestic use are readily available. Main industrial or domestic tasks operate at the push of a button or a voice command. Tesla Motors is a revolutionary company focused on making technology energy-efficient and
Do you need Fuel-Efficient Cars for Subscription? When you take a road trip, the journey is very lively and full of fun. If you don’t have your own car and can’t go on road trips then you should know that car subscriptions are available in almost all major cities in India. It costs about $15,000
