It did not mention the United States, but added that sister brand IM, a luxury electric-vehicle line, also plans to enter the Mexican market
The recall applies to certain 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y vehicles, the regulator said
Elon Musk's Tesla has not responded to inquiries from officials in New Delhi and is no longer expected to invest in India
Sales of new energy vehicles including EVs and plug-in hybrids in China made up 46.7 per cent of total car sales in May
The Italian brand, famed for its roaring petrol engines, has said it will launch an electric car late next year, and the planned price shows its confidence that ultra-wealthy drivers are ready for it
The approval underscores the support that Musk enjoys from Tesla's retail investor base, many of whom are vocal fans of the mercurial billionaire
In 2018, 73% of Tesla investors had voted in favor of the same pay package, which was voided by a Delaware judge this year
Donald Ball, who owns more than 28,000 Tesla shares, argues the company is violating its corporate charter
Tesla currently offers owners of its vehicles access to FSD for a one-time $8,828.32 fee
Musk criticized Frost's remarks, saying in a post on his social media platform X that the pension fund 'is breaking their word'
Tesla said the change would allow the company to launch low-cost vehicles swiftly but would result in smaller cost reduction than had been expected and modest volume growth
Currently, Tesla's Model 3 and Model Y, with starting prices of around $40,000, are its only volume sellers
Tesla knocked USD 2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model and the top-selling electric vehicle in the US, and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same. The cuts reduced the starting price for a Model Y to USD 42,990 and to USD 72,990 for a Model S and USD 77,990 for a Model X. The move came the day after Tesla's stock tumbled below USD 150 per share, eliminating all gains made over the past year. The Austin, Texas, company's stock price has dropped about 40 per cent so far this year amid falling sales and increased competition. Discounted sticker prices are a way to try to entice more car buyers. Musk posted early Saturday on X, the social media platform known as Twitte
The development comes after Iran's state media reported explosions in the central province of Isfahan
The Elon Musk-led company's shares fell 2.7% to $151.26 after the brokerage downgraded the stock to 'Hold' and cut its price target to $123 from $189
Tesla faces increasing competition in China in a fierce price war with rivals led by BYD, slowing sales in the United States, as well high investment costs in new models and artificial intelligence
Under the new Indian policy, companies can import up to 8,000 cars a year at the lower tax rate
Tesla's sales and production are consistently backloaded in China, with the third month of each quarter the strongest for local shipments
The automaker is currently discounting almost every electric and hybrid car model it sells, as part of a marketing campaign declaring "electricity is cheaper than oil"
The US alleges Pflugbeil and another defendant started selling Tesla's proprietary battery production technology from their own startup in China