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Tesla

Musk may get no salary unless Tesla hits milestones

SEATTLE: Silicon valley billionaire Elon Musk will get no salary or cash bonuses from Tesla and all his compensation as Chief Executive of the electric car maker will be tied to stock and operational milestones, the company said on Tuesday.…

Tesla to make pickup truck after Model Y crossover

Tesla will build a pickup truck soon after producing electric crossover vehicle Model Y, Chief Executive Elon Musk said on Tuesday. "I promise that we will make a pickup truck right after Model Y. Have had the core design/engineering…

Norway seeks ‘Tesla tax’ on electric cars

OSLO: Norway, a world leader of zero-emission vehicles, proposed a "Tesla tax" aimed at cutting a tax advantage granted to large electric cars in a heavily criticised move. Electric cars, which have hitherto been exempted from heavy taxes…

Elon Musk unveils Tesla’s first electric truck

Tesla has unveiled its first electric articulated heavy-duty truck, designed to challenge diesel trucks, throwing the company into a new market. Speaking at Tesla's facility in Los Angeles, chief executive Elon Musk said: "It's not…

Tesla reaffirms effort to build cars in China

Electric car maker Tesla reaffirmed on Sunday it is talking with the Shanghai municipal government to set up a factory in the region and expects to agree on a plan by the end of the year, but declined to comment on a report that a deal has…

Tesla fired hundreds of employees in past week

Luxury electric vehicle maker Tesla fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday. The dismissals were a result of a company-wide annual review, Tesla…