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Elon Musk Is Moving Money Between His Companies in a Sketchy Way

futurism.com Unknown 2026-01-20 05:12:16

Tesla CEO Elon Musk announced over the weekend that shareholders of his EV maker Tesla will vote on whether to invest in his own artificial intelligence firm xAI. In other words, the mercurial billionaire is orchestrating a potentially massive shift in funds to prop up his cash-burning — and gas-burning — AI startup, the flagship product of which is the troubled chatbot Grok. In March, Musk merged xAI with his social media platform X, which had previously seen an advertiser exodus triggered by

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Tesla Arrives in India With Cars Priced for the 1%

gizmodo.com Luc Olinga 2026-01-21 12:51:11

The wait is over. Tesla has finally launched in India. The all-electric carmaker has officially opened up sales in the world’s third-largest auto market, hoping that a foothold in this fast-growing economy could help counteract the company’s recent global slump. On Tesla’s newly launched India webpage, customers can now place orders. But the offering is limited: Tesla is only selling the Model Y SUV, available in two variants—Rear-Wheel Drive with a base price of ₹59,89,000 ($69,647) and Long-

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BYD has caught up with Tesla in the global EV race. Here’s how.

arstechnica.com Unknown 2026-01-21 22:28:59

In mid-2022, when BYD executive Lian Yubo was asked to compare Chinese manufacturing with Tesla’s technology, he remarked that Elon Musk was an example that all Chinese carmakers could learn from. “Tesla is a very successful company no matter what. BYD respects Tesla and we admire Tesla,” he said in an interview on Chinese state media. Yet just three years later, Tesla’s technological lead over its Chinese rivals has narrowed dramatically. It is fighting to stay ahead in the world’s largest ca

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Tesla’s Model Y debuts in India priced at a hefty $70,000 as the EV maker 'tests the waters'

cnbc.com Dylan Butts 2026-01-22 17:38:17

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNT In this photo illustration, logo of Tesla is displayed on a mobile phone screen in front of the Indian flag in Ankara, Turkiye on November 28, 2023. Cem Genco | Anadolu | Getty Images Tesla has made its long-awaited debut in India, where it will sell its electric SUV, the Model Y, starting at $69,770, a significant markup from other major markets, its website showed Tuesday. The sales launch comes the same day the American el

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Tesla finally enters India — nine years after Elon Musk first teased its debut

techcrunch.com Jagmeet Singh 2026-01-22 18:48:10

Tesla has made its long-awaited entry into India with the opening of its first showroom — nine years after CEO Elon Musk first teased the move in April 2016 and following years of delays and shifting timelines in one of the world’s largest automotive markets. Tesla calls the showroom an “Experience Center” and has located it in Maker Maxity Mall in Bandra Kurla Complex, the central business district of Mumbai. The 4,000-square-foot center features the Model Y in rear-wheel drive (RWD) and long-

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Tesla’s Autopilot is under scrutiny in a rare jury trial

theverge.com Andrew J. Hawkins 2026-01-23 22:08:04

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Tesla is on trial in Miami today in a case that accuses Elon Musk’s company of liability in a fatal crash involving Autopilot. The driver-assist system has come under scrutiny in the past for a number of fatal incidents, but Tesla has only rarely faced a jury trial over the question of whether Autopilot was at fault for som

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A Clear Sign Just Emerged That Tesla Is Panicking

futurism.com Unknown 2026-01-24 12:44:53

Tesla sales are so abysmal in Canada that Elon Musk has made the drastic choice to dramatically lower the price of the new Model Y as it attempts to climb out of the hole. As Electrek reports, a Model Y in Canada now costs $65,ooo CAD ($47,465 USD), which is a cool $20,000 CAD cheaper than it was just a few days prior. We'll get into the hows and whys in a second, but first some backstory. Earlier this year, after Trump raised the specter of tariffs against its northern neighbor, Canada moved

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As Sales Drop, Tesla Makes a Big Gamble on India

gizmodo.com Luc Olinga 2026-01-24 17:19:43

Tesla is finally entering India. The all-electric carmaker will open its first showroom in the country on July 15 in Mumbai, marking a long-awaited entry into one of the largest and fastest-growing automotive markets in the world. Invitations to the launch event began circulating on social media late last week. “Launch Event. Exclusive Invite,” the sleek black cards read. “Tesla Experience Center BKC.” The event is scheduled to take place from 11:00 a.m. to 12:30 p.m. local time, with guests as

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Musk says he does not support a merger between Tesla and xAI but backs investment

cnbc.com Ruxandra Iordache Arjun Kharpal 2026-01-24 17:13:00

Elon Musk on Monday said he does not support a merger between xAI and Tesla, as questions swirl over the future relationship of the electric automaker and artificial intelligence company. X account @BullStreetBets_ posted an open question to Tesla investors on the social media site asking if they support a merger between Tesla and xAI. Musk responded with "No." The statement comes as the tech billionaire contemplates the future relationship and possible integration between his multiple busines

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Great, Grok is in cars now too

engadget.com Unknown 2026-01-24 08:21:53

Just a day after the xAI team issued a comprehensive apology and explanation about why its chatbot was spreading antisemitic rhetoric, Tesla updated its software for its cars to include the supposedly fixed Grok. According to Tesla, all new vehicles delivered on or after July 12 will have Grok available in-car. There's no additional subscription cost, but Tesla is limiting Grok's availability to models in the US for now. For older models to run Grok, it requires a Tesla with an AMD processor, t

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Tesla Makes a Desperate Move in Canada as Sales Collapse

gizmodo.com Luc Olinga 2026-01-24 14:57:41

Tesla is making a desperate move to stay alive in Canada as its sales suffer from the fallout of Donald Trump’s trade war. In a quiet but shocking update to its website, the electric vehicle maker has drastically lowered the price of its best-selling Model Y SUV by a staggering $20,000. The move is a direct response to a brutal trade dispute that has crippled Tesla’s Canadian operations. In retaliation for tariffs imposed by the Trump administration, Ottawa slapped a 25% surtax on all cars impo

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Tesla Makes a Desperate Move in Canada As Sales Collapse

gizmodo.com Luc Olinga 2026-01-25 08:57:41

Tesla is making a desperate move to stay alive in Canada as its sales suffer from the fallout of Donald Trump’s trade war. In a quiet but shocking update to its website, the electric vehicle maker has drastically lowered the price of its best-selling Model Y SUV by a staggering $20,000. The move is a direct response to a brutal trade dispute that has crippled Tesla’s Canadian operations. In retaliation for tariffs imposed by the Trump administration, Ottawa slapped a 25% surtax on all cars impo

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Tesla reportedly close to starting sales in India

techcrunch.com Sean O'Kane 2026-01-25 22:20:18

In Brief Tesla is nearly ready to start selling its electric vehicles in India, according to Bloomberg News, after years of flirting with the idea. The company is about to open its first showroom in Mumbai and could start deliveries as early as August, according to the report. A few hours after Bloomberg published its report, Tesla created an account specifically for its Indian operation on CEO Elon Musk’s social media platform X. The account has one post so far: an illustration of the Mumbai

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BYD will accept liability if one of its self-parking cars crashes

theverge.com Emma Roth 2026-01-26 06:06:26

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. The Chinese EV-maker BYD says it will pay for any damage caused by its upgraded self-parking system, as reported earlier by Fast Company. A translated version of BYD’s announcement on Weibo says the company “will fully cover the safety and losses” of vehicles damaged by its God’s Eye self-parking system, which it claims has reached Level 4 autonomy.

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TechCrunch Mobility: Tesla enters its Grok era, and teens come for robotaxis

techcrunch.com Kirsten Korosec 2026-01-26 08:05:00

Welcome back to TechCrunch Mobility, your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! In case you missed my announcement last week, TechCrunch Mobility is moving to the Beehiiv publishing platform. The launch is scheduled for July 18. Beehiiv provides lots of cool features to help me better engage with you. It’s a win for both of us. The newsletter emails will continue to come from [email protected]. To e

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Tesla to officially launch in India with planned showroom opening

cnbc.com Arjun Kharpal 2026-01-27 12:03:25

Tesla will open a showroom in Mumbai, India next week, marking the U.S. electric carmakers first official foray into the country. The one and a half hour launch event for the Tesla "Experience Center" will take place on July 15 at the Maker Maxity Mall in Bandra Kurla Complex in Mumbai, according to an event invitation seen by CNBC. Along with the showroom display, which will feature the company's cars, Tesla is also likely to officially launch direct sales to Indian customers. The automaker

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Elon Musk's Bizarre Behavior May Force Tesla Board to Step in, Analyst Warns

futurism.com Unknown 2026-01-27 22:43:51

Elon Musk needs no introduction. But unless you've been keeping up with all the bizarre AI scandals, Tesla disasters, and public crash outs, you may need a refresher. Following Musk's extremely high-profile feud with his former best buddy, president Donald Trump, the Tesla CEO has been struggling to find his way forward in the world. For months, Tesla investors and insiders alike have been begging the world's richest man to take a step back from politics and focus on his company, which has bee

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Tesla is already trying to expand its robotaxi service to Arizona

techcrunch.com Kirsten Korosec 2026-01-27 21:58:12

Tesla has applied to test and operate autonomous vehicles in Arizona in a bid to bring its fledgling robotaxi service to the Metro Phoenix area, the state’s Department of Transportation confirmed to TechCrunch. Tesla contacted the Motor Vehicle Division (MVD) under the Arizona Department of Transportation on June 26 to begin the certification process, a spokesperson said in an emailed statement. The company, which launched a limited robotaxi service in South Austin last month, expressed interes

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Tesla is already trying to expand its Robotaxi service to Arizona

techcrunch.com Kirsten Korosec 2026-01-28 03:58:12

Tesla has applied to test and operate autonomous vehicles in Arizona in a bid to bring its fledgling robotaxi service to the Metro Phoenix area, the state’s Department of Transportation confirmed to TechCrunch. Tesla contacted the Motor Vehicle Division under the Arizona Department of Transportation on June 26 to begin the certification process, a spokesperson said in an emailed statement. The company, which launched a limited robotaxi service in South Austin last month, expressed interest in o

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Tesla moves to expand Robotaxi to Phoenix, following rival Waymo

cnbc.com Lora Kolodny 2026-01-28 12:56:04

Elon Musk's Tesla has applied to test and eventually deploy its Robotaxi vehicles in Phoenix, Arizona, following in the footsteps of market leader Waymo. Tesla has applied to conduct autonomous vehicle testing and operations, with and without human safety drivers on board, in Arizona, a spokesperson for the Arizona Department of Transportation told CNBC on Thursday. A decision on the application is expected at the end of July, and Tesla has "expressed interest in operating within the Phoenix Me

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Elon Musk wants to bring Tesla’s robotaxis to SF — good luck

theverge.com Andrew J. Hawkins 2026-01-29 03:06:45

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Tesla CEO Elon Musk is eyeing San Francisco for his next robotaxi city — to which I say, good luck to you, sir. Musk acknowledged that the company is still waiting on “regulatory approval,” which hints at the uphill company Tesla will face in pushing this process forward. (Get it? Uphill? San Francisco?) But the permit do

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Elon Musk Asks Analyst Pointing Out Tesla Issues to "Shut Up"

futurism.com Unknown 2026-01-29 06:16:36

He's not thrilled, y'all. Expert Advice Amid Tesla's latest CEO-flavored downturn, Elon Musk is now hurling insults at a prominent stock analyst. Earlier in the day, Wedbush analyst and Tesla fan Dan Ives posted on X with a few stark but reasonable recommendations to keep the electric vehicle company afloat and its investors happy to boot. Those suggestions — a new pay package, an xAI merger, and oversight on how much time Musk spends at Tesla and his outside "political endeavors" — clearly

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Musk says Tesla is expanding Austin robotaxi service, adding Grok to cars

cnbc.com Samantha Subin 2026-01-29 17:34:16

A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. Tesla CEO Elon Musk said the company is expanding its robotaxi service area and bringing xAI's Grok to vehicles as it rolled out a new iteration of the artificial intelligence chatbot. Shares gained about 3%. Musk said on X that Grok, his AI chatbot that praised Adolf Hitler and posted a barrage of antisemitic comments recently, will be available in Tesla vehicles "next week

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Grok is coming to Tesla vehicles ‘next week,’ says Elon Musk

techcrunch.com Rebecca Bellan 2026-01-29 22:22:24

Elon Musk said in a post on X early Thursday morning that Grok, the chatbot from his AI company, xAI, will be coming to Tesla vehicles “very soon.” “Next week at the latest,” he said. The news that Grok would be coming to Tesla vehicles soon comes several hours after xAI debuted the latest flagship AI model Grok 4. Fans had wondered loudly why Musk spent an hour late on Wednesday talking about Grok with no mention of a Tesla integration, which likely prompted the billionaire’s early morning an

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Tesla Is in Serious Trouble in China

futurism.com Unknown 2026-01-30 03:07:55

As its sales continue to crater in the US and Europe, Tesla's reliance on China — its second-largest market and biggest production hub — is growing. But thanks to a surge in far more price-competitive and lucrative offerings from Chinese EV manufacturers like BYD, Tesla's woes look poised to metastasize there as well. Its market share in China is shrinking, the Wall Street Journal reports, which could represent yet another nail in Elon Musk's carmaker's coffin. The company sold 40,000 fewer ca

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Judge Finds Tesla Has Failed to Deliver Full Self-Driving, Needs to Issue Refund

futurism.com Unknown 2026-01-31 08:38:59

After a year of fighting out his case in arbitration, a Tesla owner successfully forced Elon Musk's EV maker to reimburse him the $10,000 he paid for the company's misleadingly-called "Full Self-Driving" driver assistance package, Electrek reports. For over a decade now, Musk has made yearly promises that Teslas will be capable of driving themselves. But the software, even after all these years, still requires users to be able to take over control at any time, making it no more than a middle-o

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Tesla on "Lane Assistance" Mode Gets Horrifically Impaled on Guardrail

futurism.com Unknown 2026-01-31 12:37:13

While Tesla's so-called "Autopilot" and "Full Self-Driving" features have generated more than their share of controversy, one of the company's other assisted driving modes is now in the spotlight after a nail-biting crash in California. As SFGate reports, a young Tesla driver walked away with minor injuries after his Model Y careened off the I-5 interstate and crashed directly into a guardrail in the wee hours of morning, becoming impaled all the way through. According to California Highway Pa

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Elon Musk lashes out at Tesla bull Dan Ives over board proposals: 'Shut up'

cnbc.com Lora Kolodny 2026-02-03 05:35:24

Elon Musk, chief executive officer of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris, June 16, 2023. Tesla CEO Elon Musk told Wedbush Securities' Dan Ives to "Shut up" on Tuesday after the analyst offered three recommendations to the electric vehicle company's board in a post on X. Ives has been one of the most bullish Tesla observers on Wall Street. With a $500 price target on the stock, he has the highest projection of any analy

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Musk Is Struggling to Understand What's Happening Around Him, Says Former Tesla Exec

futurism.com Unknown 2026-02-03 22:10:17

Tesla investors are clearly worried that CEO Elon Musk's fiery new pledge to build a third US political party could inflict even more damage on the embattled company. The EV maker has been put through the wringer by Musk's antics, from cratering sales worldwide to an enormous drop in year-over-year revenues. The company's finances are in free fall. And now that president Donald Trump's so-called "big, beautiful bill" has passed through Congress, Tesla's crisis could soon take a major turn for

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Short Sellers Are Making a Fortune as Tesla's Stock Collapses

futurism.com Unknown 2026-02-04 02:51:45

They're making billions -- and Musk can't stop dragging the brand through the mud. Short Cake Tesla short sellers are making bank after CEO Elon Musk announced that he's doubling down on creating his own political party in the US, further shredding the brand and its tattered valuation. The company's shares slumped nearly seven percent on Monday, wiping out more than $68 billion in market cap. Investors who were shorting the EV maker — betting against its success, basically — were on track to

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Latest Tech News

Elon Musk Is Moving Money Between His Companies in a Sketchy Way

Tesla Arrives in India With Cars Priced for the 1%

BYD has caught up with Tesla in the global EV race. Here’s how.

Tesla’s Model Y debuts in India priced at a hefty $70,000 as the EV maker 'tests the waters'

Tesla finally enters India — nine years after Elon Musk first teased its debut

Tesla’s Autopilot is under scrutiny in a rare jury trial

A Clear Sign Just Emerged That Tesla Is Panicking

As Sales Drop, Tesla Makes a Big Gamble on India

Musk says he does not support a merger between Tesla and xAI but backs investment

Great, Grok is in cars now too

Tesla Makes a Desperate Move in Canada as Sales Collapse

Tesla Makes a Desperate Move in Canada As Sales Collapse

Tesla reportedly close to starting sales in India

BYD will accept liability if one of its self-parking cars crashes

TechCrunch Mobility: Tesla enters its Grok era, and teens come for robotaxis

Tesla to officially launch in India with planned showroom opening

Elon Musk's Bizarre Behavior May Force Tesla Board to Step in, Analyst Warns

Tesla is already trying to expand its robotaxi service to Arizona

Tesla is already trying to expand its Robotaxi service to Arizona

Tesla moves to expand Robotaxi to Phoenix, following rival Waymo

Elon Musk wants to bring Tesla’s robotaxis to SF — good luck

Elon Musk Asks Analyst Pointing Out Tesla Issues to "Shut Up"

Musk says Tesla is expanding Austin robotaxi service, adding Grok to cars

Grok is coming to Tesla vehicles ‘next week,’ says Elon Musk

Tesla Is in Serious Trouble in China

Judge Finds Tesla Has Failed to Deliver Full Self-Driving, Needs to Issue Refund

Tesla on "Lane Assistance" Mode Gets Horrifically Impaled on Guardrail

Elon Musk lashes out at Tesla bull Dan Ives over board proposals: 'Shut up'

Musk Is Struggling to Understand What's Happening Around Him, Says Former Tesla Exec

Short Sellers Are Making a Fortune as Tesla's Stock Collapses

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