Mahina added that a committee was formed to study the localisation of electric battery manufacturing in Egypt with the participation of the Ministries of International Cooperation; Trade and Industry; Finance; Planning; and Military Production. The committee is scheduled to meet before the end of the first half of this year.
The revolutionary design looks different from any pickup truck ever released. Cybertruck’s exterior is made from stainless steel alloy, similar to what SpaceX rockets are made with. Musk states that the alloy is bulletproof and can withstand nine-millimetre handgun bullets.
CEO Elon Musk said that the electric car maker plans to cut roughly 3,000 jobs, prompting another sharp dip in share prices. Tesla is struggling in the US as the government rolls back a tax credit for buyers.Tesla told its employees on Friday that it must cut 7 percent of its workforce. Shares of Tesla …
Tesla CEO Elon Musk will pay a $20 million fine and give up his board chairmanship for misleading tweets about the company. The Securities and Exchange Commission said he knew “the potential transaction was uncertain.”US carmaker Tesla and its CEO Elon Musk on Saturday each agreed to pay fines of $20 million (€17.2 million) fine …
Elon Musk has once again caused a whirlwind of speculation with a few tweets. Afterwards Tesla stock rose and trading was halted for around two hours. Only Donald Trump can move markets more.On Tuesday, Tesla CEO Elon Musk, posted a two sentence missive saying that he was “considering taking Tesla private” which would transform the …
Despite breaking into the notoriously impenetrable auto industry and building popular electric cars, Tesla and its boss Elon Musk have had a rough ride lately. Is the end nigh for them, or is the dawn about to break?”I’m definitely under stress so if I seem like I’m under stress, then I want to be clear, …
Tesla CEO Elon Musk has struck a deal with Shanghai officials to open the carmaker’s first plant in China. It comes after Tesla hiked its car prices in China amid mounting trade tensions between Washington and Beijing.American electric-car maker Tesla said on Tuesday it expects to be manufacturing some 500,000 a year in China in …
US electric carmaker Tesla has announced it will cut about 9 percent of its global workforce to enhance profitability. CEO Elon Musk insisted that Model 3 production would not be affected by the move.Chief Executive Elon Musk said Tuesday his company was cutting some 9 percent of jobs across the company. Tesla’s latest annual filing …
Tesla has revealed plans to shareholders that it’s working with Chinese officials to build electric cars and battery packs in Shanghai. The carmaker had looked for a location for its first Gigafactory outside the US.Tesla’s head of worldwide sales, Robin Ren, disclosed the planned location of the carmaker’s second Gigafactory while CEO Elon Musk answered …
A spokesman for the company confirmed the decision, but didn’t disclose how many of the votes Musk could secure.
The company, founded by Elon Musk, has confirmed it will send out an official notice to all customers affected by the issue. Tesla confirmed there were no accidents or injuries connected with the recall.Tesla issued a global recall on 53,000 Model S and Model X cars to address a parking brake problem, which could prevent …
Tesla shares have gained more than seven percent after the electric-car and battery maker reported its first quarterly profit in three years and said it was on track to meet its delivery targets for the year.
The electric carmaker says it has not been informed of an investigation by the US financial market regulator into allegations that Tesla kept a deadly crash secret from investors ahead of issuing new shares.
