* Move gives Tesla “Made in Germany” stamp of quality * Boosts Germany’s shift into electric car era * Opposition wants Tesla to deliver fair working conditions (Recasts with more political reaction) By Paul Carrel and Michelle Martin BERLIN, Nov 13 (Reuters) - The German government on Wednesday welcomed Tesla’s decision to set up shop in Berlin, a move it believes will turbo-charge the country’s shift into the electric car era even as costs of running a business in Europe’s largest economy remain high. The decision, announced by Tesla Chief Executive Elon Musk late on Tuesday, will see the U.S. electric vehicle pioneer build its first European factory and design centre near Berlin. The move boosts Germany’s efforts to position itself as an electromobility and battery cell production centre and will allow Tesla to produce cars “Made in Germany” as it seeks to burnish its reputation for reliability and sporting prowess. The … [Read more...] about UPDATE 1-Germany welcomes Tesla’s Berlin move as boost to e-car shift
NEW DELHI: India is planning to offer 324 companies including Tesla Inc and GlaxoSmithKline Plc incentives to set up factories in the South Asian nation in a bid to capitalise from the trade war between China and the US, according to a document seen by Bloomberg. The government proposes to provide the manufacturers land to set up a factory along with power, water and road access, according to draft of the document prepared by the department for promotion of industry and internal trade and invest India. Other companies that officials will reach out to include Eli Lilly & Co, South Korea’s Hanwha Chemical Corp, and Taiwan’s Hon Hai Precision Industry Co. While the trade war has benefited countries such as Vietnam and Malaysia, rigid land acquisition rules and labor laws have prompted investors to largely ignore India when looking for alternatives to China. The latest proposal may reduce red tape, and set the nation, which expanded at the slowest pace in six years last … [Read more...] about India plans incentives to bring in foreign manufacturers from Tesla to Glaxo
Tesla CEO Elon Musk was all set to unveil his first electric pickup truck on Thursday night with a "heart-stopping" design, with better utility than a Ford F-150 and superior performance to a basic Porsche 911. The launch of the vehicle dubbed as 'Cybertruck' will happen at the Tesla Design Centre in Los Angeles, near SpaceX rocket factory. In June this year, the Tesla CEO said the truck would start at "less than $50,000," putting it between the starting price of the Model 3 (currently $39,400) and the Model S (currently $79,990) sedans. Musk originally planned to reveal the truck earlier this year, but extended the launch event to November. Musk in April 2017 mentioned on Twitter the desire to produce a pickup truck, before the first Model 3 sedans had been handed over to customers. At the time, Musk tweeted that a pickup truck would be unveiled in 18 to 24 months. Pickup trucks are currently the fastest-growing segment in the US. "Even with direct competition from established … [Read more...] about Elon Musk set to launch Tesla’s first-ever electric pickup truck
close Video Former Ford CEO questions whether Tesla's competition can lure customers Former Ford CEO Mark Fields talks about Tesla's success in the auto industry and the GM negotiations. The pieces of Tesla’s Cybertruck pickup may be coming together. A member of the CYBRTRK Owners Club fan forum has made a composite of the two teaser images of the upcoming electric truck that have been released so far to create a picture of what it might look like when it debuts on Thursday night. The original teaser. (Tesla) Melded together, the shadowy renderings appear to depict a truck with cab-forward layout and a windshield that continues to the bumper in a single plane without a traditional hood. A light bar stretches the full width of the vehicle and its tires and high ground clearance are visible underneath. Tesla CEO Elon Musk has said the pickup’s design was inspired by the vehicles in the film “Blade Runner” and chose November 2019 to reveal it … [Read more...] about Is this what Tesla’s Cybertruck electric pickup looks like?
close Video Elon Musk explains reason for Tesla Model 3’s cockpit camera Tesla CEO Elon Musk explained the reason for the Model 3’s mysterious cockpit camera. Elon Musk said he’s aiming to build an electric Tesla pickup that’s better than a Ford F-150 at a starting price of $49,000 or less. A reveal of the new model is expected this year. The Tesla CEO told the Ride the Lighting podcast that “It just can’t be unaffordable,” but that its styling isn’t for everyone. “It won’t look like a normal truck. It’s going to look pretty sci-fi,” said Musk, who has also said it’s like something out of the “Blade Runner” films. (Tesla) So far Tesla has only released a shadowy teaser image of the truck, which Musk confirmed depicts its front end. An earlier gag image of the truck depicted it with a Ford F-150 style pickup in its bed. (Tesla) Musk told the podcast “the goal is to be … [Read more...] about Elon Musk says Tesla pickup will start at $49,000 and be better than a Ford F-150