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China’s electric vehicle (EV) market is racing ahead, leaving the United States trailing in its wake. EV sales in China account for nearly 30% of all auto sales, compared to just 7% in the US. Tesla, the pioneer of the modern EV movement, has played a significant role in China’s rapid EV expansion. In 2018, Tesla became the first international automaker to establish a manufacturing facility in China without a local partner. This move not only marked a historic shift but also prompted fierce competition among Chinese automakers to improve their EV offerings. Today, China leads the world in EV exports, while the US struggles to catch up. To bridge this gap, the Biden administration is investing heavily in EV infrastructure, including the $1 trillion Inflation Reduction Act. Yet, the question remains: Can  Tesla  maintain its dominance in a rapidly evolving market, both in China and the US? As Tesla introduces new models and navigates fierce competition, the future of the EV indu...

Elon Musk’s Twitter takeover endeavor has been a headline-grabbing saga. The CEO of Tesla and SpaceX initiated a bid of $44 billion to acquire the social media giant Twitter. However, after months of negotiations and little progress, Musk surprised the world by announcing his withdrawal from the deal. But the story didn’t end there. Twitter’s board, not willing to let the matter rest, revealed plans to sue Musk, the owner of SpaceX, in a bid to compel the purchase. Musk responded with characteristic humor, taking to Twitter to highlight the situation. In a recent tweet, he said, “They said I couldn’t buy Twitter. Then they wouldn’t disclose bot information. Now they want to force me to buy Twitter in court. Now they have to disclose bot information in court.” This tweet was accompanied by an image of Chuck Norris in a chess game, captioned, “Checkmate.” The  Twitter Takedown  saga continues to unfold, keeping the tech and business world on the edge of their seats. Source:...

Tesla says it sold a record 1.3 million electric cars last year, 40% more than in 2021. It happened after the company had delivered more than 405,000 cars in the last three months of 2022. Wall Street had predicted that there would be about 430,000 deliveries during this time. People will probably buy fewer cars this year because they are worried about rising interest rates and a possible recession. In a letter to investors, Tesla said that it had to deal with “significant challenges related to Covid and the supply chain all year.” On Tuesday, South Korean officials said they would fine Tesla $2.2 million (£1.8 million) for not telling customers that its electric cars have a shorter range in cold weather. The Korea Fair Trade Commission said the company lied about how far its cars could go on a single charge, how much cheaper they were to run than gasoline cars, and how well their Superchargers worked. When the BBC asked Tesla for his opinion, he didn’t respond immediately. During the ...