Nitin Gadkari, the Minister for road transport and highways, has a clear message for Elon Musk’s Tesla. In a recent interview with ET, Nitin Gadkari said that Tesla is welcome in India, but if it manufactures locally. “We welcome Tesla to India. India is a big market with all types of vendors present here. If … Read more
The increasing adoption of electric vehicles, the rising number of smartphones, laptops, and other consumer electronics, and the growing need for eco-friendly energy storage solutions have been driving the Lithium-ion (Li-ion) battery market in India. Estimated at $2.5 billion in 2023, it is expected to cross $5 billion in the next five years. The increasing … Read more
Reliance in recent years has announced big ambitions in the renewable space. In continuation of the same, it has now showcased it’s swappable and multipurpose battery storage technology for electric vehicles (EVs). As part of the plan, RIL has developed a removable lithium-ion battery that can power an electric scooter, electric three-wheeler and a light … Read more
Jigar Shah is living an investor’s dream, one with more strings attached than a symphony orchestra. Shah has $400 billion of government funds to pour into businesses touting green-energy projects. But he has to do it under the eye of critical lawmakers, cautious bureaucrats and the White House, which has already clashed with him on … Read more
The companies that have been found wrongfully claiming subsidies under the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme may be debarred from availing of them in the future and may also have to forego sops on electric vehicles (EVs) sold in the last 15 months, The Economic Times (ET) reported on Tuesday. The … Read more
Tesla shares are headed to $300, and the company is looking at big revenue gains from recent deals with Ford and GM. Wedbush on Friday raised its price target and said charging deals could bring in $3 billion of revenue. “In a nutshell, Musk and Tesla are playing chess while other automakers are playing checkers,” … Read more
Tesla announced on Thursday that it plans to open some of its Supercharger network to Ford. Tesla has the largest network of roadside fast chargers in North America. Some Tesla owners say they’d consider buying another brand’s EV, if they had access to Supercharging. Tesla plans to open some of its exclusive Supercharger network to … Read more
Tesla investor Ross Gerber told Insider why he’s grown more bullish on the stock. Tesla’s move into advertising and the new Twitter CEO bode well for shareholders, he said. “You gotta own Tesla in your portfolio with Elon re-focused,” Gerber said. Ross Gerber has never shied away from giving an honest take on Tesla or … Read more
Kevin O’Leary said Tesla’s Cybertruck has a “really ugly look” but demand is high. He also told Yahoo Finance that the forthcoming vehicle has strong potential margins. “I want one. I think they’re nuts. And I think it will be a lot of fun to drive a tank,” O’Leary said. “Shark Tank” star Kevin O’Leary … Read more