Trends - Tesla Inc - Business Recorder

Tesla Inc

EV startups hunt for low-cost roads to mass production

Electric car and van startups racing to become the next Tesla Inc all want to avoid Elon Musk’s journey through...

Published 18 Aug, 2021 04:00am

Business & Finance

India considers sharp import tax cuts on EVs after Tesla lobbying

India discussing cutting import duties on EVs
India open to duty cut if it sees economic gain

Published 09 Aug, 2021 05:21pm

Business & Finance

Tesla launches subscription service for advanced driver assistance software

"FSD capability subscriptions are currently available to eligible vehicles in the United States. Check your Tesla app for updates on availability in other regions," Tesla said

Published 17 Jul, 2021 07:15pm

Business & Finance

Musk arrives at trial over Tesla's $2.6bn deal for SolarCity

The lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla's board to buy SolarCity, just as it was about to run out of cash. Musk owned a 22% stake in SolarCity, which was founded by his cousins.

Published 12 Jul, 2021 06:46pm

Business & Finance

Tesla quarterly deliveries hit 200,000 mark for the first time

Deliveries of Model S and X fell to 1,890 during the April to June period, from a meager 2,020 the preceding quarter, Tesla said. That was offset by strong sales of Model Y in China.

Updated 02 Jul, 2021 06:18pm

Business & Finance

Musk ready to invest as much as $30 billion in Starlink

The Tesla Inc CEO and founder of SpaceX, a rocket ship venture that seeks to colonize Mars, said up-front investment costs before Starlink achieves substantial positive cash flow would be $5-$10 billion.

Updated 29 Jun, 2021 09:33pm

Markets

Ex-Tesla president sold stock worth $274mn since June 10

Guillen expected to sell 215,718 shares for $129 million that day, and that he offloaded 145,289 shares worth $89.6 million on June 14, and 90,111 shares worth $55 million on June 10.

Published 19 Jun, 2021 07:34pm

Markets

Bitcoin climbs near $40,000 after Musk says Tesla could use it again

Musk flags Tesla may resume BTC transactions
Musk says Tesla sold about 10% of BTC holdings as liquidity test
BTC price jumps close to $40k

Published 14 Jun, 2021 05:51pm

Business & Finance

Tesla to launch high-end Model S 'Plaid' to fend off Mercedes, Porsche

Musk has called the Model S Plaid "the fastest accelerating car ever."

Published 10 Jun, 2021 11:30am

Markets

Apple, Tesla boost Nasdaq; Inflation in focus

Tesla's China-made car sales up 29% in May from April
FAANGs up slightly after G7 tax plan
Meme stocks gain as short squeeze continues
Indexes: Dow down 0.08%, S&P up 0.15%, Nasdaq up 0.69%.

Published 08 Jun, 2021 07:52pm

Business & Finance

CATL plans major battery plant in Shanghai

BEIJING/SHANGHAI: China’s CATL is planning a major new automotive battery plant in Shanghai, continuing a...

Published 07 Jun, 2021 03:34am

Business & Finance

Tesla sets up China site to store data locally

Tesla said in a Weibo post that data generated by all cars it sells in China, where it is making Model 3 sedans and Model Y sport-utility vehicles, would be stored in the country.
China, the world's biggest car market and the second largest for Tesla, is drafting rules to ensure the security of data generated by connected vehicles as their growing popularity fuels concerns about privacy and national security.

Updated 25 May, 2021 07:36pm

World

Musk says he supports crypto in battle with fiat money

NEW YORK: Tesla Inc Chief Executive Officer Elon Musk tweeted on Saturday that in a battle between fiat and...

Published 23 May, 2021 03:06am

Business & Finance

Tesla raises price of Model Y, Model 3 variants

The price of its cheapest Model 3 Standard Range Plus has been increased to $39,990, while the Model 3 Long Range AWD was raised to $48,990.
Its Model Y Long Range AWD is now priced at $51,990 compared with $51,490 previously.

Published 21 May, 2021 05:14pm

Markets

Wall Street falls for third day on inflation jitters, crypto plunge

Wall Street's main indexes fell in a late-session selloff on Tuesday as weak housing starts data overshadowed better-than-expected earnings from Walmart and Home Depot.

Published 19 May, 2021 11:05pm

Markets

Bitcoin drops to 3-month low in wild trading after Musk tweets

Musk tweets that Tesla has not sold bitcoin
Ether and dogecoin dive also
Bitcoin, dogecoin and ether all up year to date.

Published 17 May, 2021 09:42pm

Business & Finance

Tesla seeks entry into US renewable fuel credit market

NEW YORK: Tesla Inc is seeking to enter the multi-billion dollar US renewable credit market, hoping to profit from...

Updated 17 May, 2021 09:57am

Business & Finance

Tesla to roll out improved self-driving technology in coming weeks

Subscriptions to the software for the system would be offered within a month, Musk said in a Twitter exchange without elaborating further.
Tesla has released what it describes as a beta version of its full self-driving program to a limited number of employees and customers since October. Musk has touted the capability on Twitter.

Published 12 May, 2021 06:42pm

Markets

Monday’s early trade: Dow hits above 35,000 mark; Nasdaq drops

NEW YORK: The Dow Jones Industrial Average hit a record high on Monday on hopes that interest rates would remain...

Published 11 May, 2021 04:39am

World

Musk says he is a first person with Asperger’s

DETROIT: Billionaire Elon Musk dropped a surprise early in his hotly anticipated turn as host of “Saturday Night...

Updated 10 May, 2021 10:20am

Markets

Thursday’s early afternoon trade: S&P near record high; Facebook jumps, Apple slips

NEW YORK: The S&P 500 hovered near record highs on Thursday, helped by gains in Facebook and upbeat economic...

Published 30 Apr, 2021 05:06am

Business & Finance

Tesla says bitcoin investment worth $2.48bn

NEW YORK: Tesla Inc said on Wednesday that the fair market value of bitcoin the electric carmaker held as of March ...

Updated 30 Apr, 2021 10:30am

Markets

S&P 500, Nasdaq at record highs

NEW YORK: The S&P 500 and Nasdaq closed at record highs on Monday, fuelled by Tesla Inc and other heavyweight...

Published 28 Apr, 2021 03:18am

Markets

Tuesday early afternoon trade: Main indexes dip as Tesla, 3M weigh

NEW YORK: Lacklustre results from Tesla and 3M dragged Wall Street’s main indexes lower on Tuesday, shifting...

Published 28 Apr, 2021 03:18am

Business & Finance

HSBC bans customers from buying bitcoin-backer MicroStrategy shares

While HSBC will allow the holding, sale and outgoing transfer of MicroStrategy shares, it will forbid new purchases or incoming transfers, said the message dated March 29.

Updated 13 Apr, 2021 12:09am

Business & Finance

Tesla slams German bureaucracy, offers reform proposals

FRANKFURT: Electric carmaker Tesla said Thursday it was “irritated” by administrative delays to the construction...

Updated 12 Apr, 2021 09:15am

Markets

GM to start making Silverado electric pickups late next year in Detroit

Its announcement that the trucks will be made at the Michigan plant, also known Factory Zero, sent GM shares to a record $62.45.

Updated 07 Apr, 2021 12:22am

Business & Finance

Crypto market cap soars to record $2trn, bitcoin at $1.1trn

Bitcoin was last up 1pc at $58,820. Since hitting a lifetime peak of more than $61,000, but has since traded in a relatively narrow range.

Published 06 Apr, 2021 12:26am

Business & Finance

Tesla's market value set to gain $50bn on record first-qtr deliveries

The carmaker's shares, up nearly 8% in pre-market trading, were on track to hit their highest in over a month.
The electric-car maker said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.

Published 05 Apr, 2021 05:33pm

Business & Finance

Tesla posts record deliveries in first quarter, beats estimates

"We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity," Tesla said in a statement.
"The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production," it added.

Published 02 Apr, 2021 08:04pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.64
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.07

Stock	Volume
S&P 500 / Apr 19	4967.23
India Sensex / Apr 19	73088.33
Tokyo Nikkei / Apr 19	37068.35
Nasdaq / Apr 19	15282.01
Hang Seng / Apr 19	16224.14
FTSE 100 / Apr 19	7895.85
Dow Jones / Apr 19	37986.40
Germany DAX 30 / Apr 19	17737.36

Item	Value
Crude Oil USD/Barrel / Apr 19	83.14
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 19	214935
Gold Spot USD/Ounce / Apr 19	2391.93
Cotton US¢/pound / Apr 19	81.02
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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