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☆ Jay Clayton: Tesla's Musk pay package vote is also about the retention of Elon Musk going forward
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJay Clayton: Tesla's Musk pay package vote is also about the retention of Elon Musk going forwardFormer SEC Chairman Jay Clayton joins 'Squawk Box' to discuss news of Tesla asking shareholders to vote again on Elon Musk's $56 billion pay package, what's at stake in the vote, and more.

Persons: Jay Clayton, Tesla's, Elon Musk Organizations: SEC, Elon Musk's

☆ Tesla's Musk to meet Modi in India and announce investment plans: Reuters
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: +2 min

Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement on plans to invest and open a new factory in the country, two sources with direct knowledge said. Reuters is first to report details of Musk's planned India visit. Reuters has previously reported that Tesla officials are expected to visit India this month to look at sites for a manufacturing plant that would require an investment of about $2 billion. Musk said this week on X that "India should have electric cars like every other country has electric cars. It's a natural progression to provide Tesla electric vehicles in India".

Persons: Tesla, Elon Musk, Narendra Modi, Modi, Musk's, Musk, EVs Organizations: Reuters, Tata Motors Locations: India, New Delhi, New York, U.S

☆ Your next Tesla could be made by China
▼ + stars: | 2024-02-14 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Elon Musk invited the suppliers to Mexico as part of plans for cheaper Teslas, Bloomberg reported. That move could be stoking concerns among US officials and EV makers over China's influence. China has a "highly organized, highly efficient supply chain," Venkatesh Prasad, chief innovation officer at the Center for Automotive Research, told Bloomberg. AdvertisementTesla, which also makes cars in the US, and other US-based EV makers may also be feeling the heat from competitors. Mary Lovely, a senior fellow at the Peterson Institute for International Economics, told Bloomberg.

Persons: Elon Musk, —, Tesla's, Venkatesh Prasad, Tesla, stoke, Katherine Tai, Tai, Biden, EVs, China's, Tesla's Musk, Mary Lovely Organizations: Bloomberg, Service, Center for Automotive Research, Business, Trump, Chinese Communist Party, US Trade Rep, Nikkei, EV, Peterson Institute for International Economics Locations: Mexico, Monterrey, Shanghai, Mexican, Nuevo Leon, Austin, China, Beijing, Washington, DC, United States

[1/2] India's Commerce Minister Piyush Goyal takes part at the panel discussion "Trade: Now what?" during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. This meeting is to ensure that talks between India and Tesla "are moving in the right direction," the person added. Prime Minister Modi's office held a meeting with various ministries on Monday to expedite the new EV policy, said a third source. Reporting by Aditya Kalra, Aditi Shah and Shivangi Acharya; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Piyush Goyal, Arnd, Elon Musk, Narendra Modi, Tesla, Aditya Kalra, Aditi Shah, Shivangi, Chizu Organizations: India's, REUTERS, Tesla, Indian, Reuters, U.S, EV, Thomson Locations: Davos, Switzerland, DELHI, United States, U.S, India

Tesla's Cybertruck is displayed at Manhattan's Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon/File Photo Acquire Licensing RightsOct 18 (Reuters) - Tesla (TSLA.O) CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker's much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov. 30. The Cybertruck is expected to challenge Rivian's (RIVN.O) R1T, Ford's (F.N) F-150 Lightning and General Motors' (GM.N) Chevrolet Silverado EV in the hot market for electric pickup trucks. Musk said he wanted "temper expectations" for the truck, adding the company could face "enormous challenges" in ramping up production and making it cash-flow positive. "But I think that they're giving us an indication of the capacity they're going to make available for the Cybertruck as production ramps up."

Persons: Elon Musk, Rivian's, Musk, Tesla, Seth Goldstein, Akash Sriram, Jamie Freed Organizations: Meatpacking, REUTERS, General Motors, Silverado EV, Morningstar, EV, Thomson Locations: New York City, U.S, United States, Texas, Bengaluru

☆ Tesla's Musk open to expanding in China - foreign ministry
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +4 min

Musk also told Qin in the meeting that he opposed a decoupling of the U.S. and Chinese economies, according to a statement from the Chinese foreign ministry. Qin told Musk China was committed to improving the business environment for investors, including Tesla, and used an elaborate driving metaphor to describe China-U.S. relations. /Photo prise le 30 mai 2023/REUTERS/Tingshu WangIn a 2019 trip to China, Musk met with then-Premier Li Keqiang. A year later, he created a buzz on Chinese social media for dancing onstage to celebrate the opening of Tesla's Shanghai factory. While his plane was en route to China, Musk tweeted about advances in China's space programme, which aims to land a crew on the moon before 2030.

[1/4] Twitter, X Corp., and Tesla CEO Elon Musk poses with French President Emmanuel Macron prior to their talks, Monday, May 15, 2023 at the Elysee Palace in Paris, France. Some 200 business leaders attending the event in Versailles close to Paris have so far made commitments to invest a combined 13 billion euros ($14 billion), the most since Macron first held the summit in 2018, his office said. Musk, who also lunched with Finance Minister Bruno Le Maire, said he was confident Tesla would make "significant investments" in France in the future, without giving a timetable. "No announcement today but I am very impressed with President Macron and the French government and how welcoming they are," he told reporters. Morgan Stanley plans to increase headcount in France by 200 by 2025, bringing total staff in the country to 500.

PARIS, May 14 (Reuters) - France is poised to win record foreign investment pledges when President Emmanuel Macron receives global business leaders, including Tesla's Elon Musk, on Monday at the annual Choose France summit in Versailles. Executives attending the event in Versailles close to Paris have so far made commitments to invest a combined 13 billion euros ($14 billion), the most since Macron first held the summit in 2018. Billionaire entrepreneur Elon Musk, the CEO of Tesla (TSLA.O), met Macron at his official residence the Elysee Palace. France previously tried to convince Musk to build a European gigafactory in the country, but he chose Germany, his only European gigafactory so far. PALATIAL BACKDROPOver the last five years, Macron has invited top CEOs to the opulent Versailles Palace to try to secure billions in foreign investments.

☆ Exclusive: Tesla's Musk planning to visit China, seeking meeting with premier -sources
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: 1 min

SHANGHAI/HONG KONG, March 31 (Reuters) - Tesla (TSLA.O) Chief Executive Elon Musk is making plans to visit China as early as April and is seeking a meeting with China's Premier Li Qiang, two people with knowledge of planning for the trip told Reuters. Tesla and China's State Council Information Office did not immediately reply to requests for comment. China is Tesla's second-largest market after the United States and its Shanghai plant is the electric carmaker's largest production hub. A visit by Musk would mark the first time he has visited China since the COVID-19 pandemic and since Xi Jinping secured a third term as China's president. Reporting by Zhang Yan in Shanghai and Julie Zhu in Hong Kong; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: Tesla's Musk planning to visit China, seeking meeting with premier
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: 1 min

☆ Tesla's Musk planning to visit China, seeking meeting with premier, sources say
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: 1 min

Customers examine cars at a Tesla store in Jinan, China on March 27, 2023. Tesla Chief Executive Elon Musk is making plans to visit China as early as April and is seeking a meeting with China's Premier Li Qiang, two people with knowledge of planning for the trip told Reuters. Tesla and China's State Council Information Office did not immediately reply to requests for comment. China is Tesla's second-largest market after the United States and its Shanghai plant is the electric carmaker's largest production hub. A visit by Musk would mark the first time he has visited China since the Covid-19 pandemic and since Xi Jinping secured a third term as China's president.

Most carmakers said their battery packs are repairable, though few seem willing to share access to battery data. Lauterwasser said access to EV battery data is part of that fight. EV battery problems also expose a hole in the green "circular economy" touted by carmakers. Hill estimated at least 95% of the cells in the hundreds of EV battery packs - and thousands of hybrid battery packs - Synetiq has stored at Doncaster are undamaged and should be reused. 'PAIN POINTS'The British government is funding research into EV insurance "pain points" led by Thatcham, Synetiq and insurer LV=.

☆ Mexican president speaks to Tesla's Musk, investment in focus
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Lopez Obrador mentioned the call as he was finishing a regular morning news conference, without explaining precisely if he meant Musk, who is the company's largest shareholder. Two Mexican officials confirmed the president was referring to Musk. One of them said details of the call would be given on Tuesday, echoing remarks made by Lopez Obrador. After Monday's call, one of the officials said Nuevo Leon was still in the running, and that the Mexican government and Tesla were "90 percent" of the way toward reaching agreement. Reporting by Dave Graham and Diego Ore; Editing by Brendan O'Boyle and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president to speak to Tesla's Musk on Monday morning
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowMEXICO CITY, Feb 27 (Reuters) - President Andres Manuel Lopez Obrador is holding a call on Monday morning with Tesla Inc. Chief Executive Elon Musk, two officials said, after the Mexican leader revealed he would be talking to the "owner" of the electric vehicle maker. Lopez Obrador made his remark as he was finishing a regular morning news conference, without explaining precisely if he meant Musk, who is the company's largest shareholder. Two Mexican officials later confirmed the president was referring to Musk. Those comments marked the strongest sign yet that the president's concerns over water supply could become a deal-breaker for Tesla's plans near the U.S.-Mexico border. Reporting by Dave Graham and Diego Ore; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla's Musk to hold call with Mexico president, factory announcement imminent -Ebrard
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 17 (Reuters) - Electric vehicle maker Tesla Inc (TSLA.O) will soon confirm it has chosen Mexico as a location for a new plant, and CEO Elon Musk is planning to speak with Mexican President Andres Manuel Lopez Obrador, Mexico's top diplomat said on Friday. He declined to give a time for the phone call or the location for Tesla's Mexico investment. "It will be talked about in the call," said Ebrard, who spoke at an event with Mexican business leaders. Several potential sites have been pitched for Tesla's move to Mexico, with Lopez Obrador saying earlier this month that the states of Nuevo Leon and Hidalgo were leading the race. Reporting by Ana Isabel Martinez in Mexico City Additional reporting by Daina Beth Solomon in Mexico City Writing by Kylie Madry and Stephen Eisenhammer Editing by Brendan O'Boyle and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Musk responded on Twitter to the initial exclusive Reuters report that he met with the officials, saying it was "True." Later, White House press secretary Karine Jean-Pierre confirmed the meeting took place and added that Musk did not meet with Biden personally. A Reuters witness on Friday saw Podesta, Landrieu and Musk entering a downtown building that houses both Tesla's Washington lobbying operation and the Center for American Progress, a think tank Podesta founded. BIDEN, MUSK TENSIONSRelations have often seemed antagonistic between Biden, who has pushed for companies to use union labor, and Musk, who has pushed to keep unions out of his factories. Biden only publicly acknowledged the role of Tesla in U.S. electric vehicle manufacturing over a year after taking office, after Musk repeatedly complained about being ignored.

A Reuters witness on Friday saw Podesta, Landrieu and Musk entering a downtown building that houses both Tesla's Washington lobbying operation and the Center for American Progress, a think tank Podesta founded. BIDEN, MUSK TENSIONSRelations have often seemed antagonistic between Biden, who has pushed for companies to use union labor, and Musk, who has pushed to keep unions out of his factories. Musk called Biden "a damp sock puppet in human form" last year after Biden highlighted EV production by GM and Ford in a tweet but left out Tesla. Biden only publicly acknowledged the role of Tesla in U.S. electric vehicle manufacturing over a year after taking office, after Musk repeatedly complained about being ignored. It also includes new U.S. battery production credits that Musk said earlier this week could have significant benefits to the company.

☆ Tesla's Musk eyes potential investment in Mexican border state -sources
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Oct 24 (Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk is considering investing in the northern Mexican state of Nuevo Leon, which borders Texas, two people with knowledge of the matter said on Monday. Musk recently held a meeting in the state with Nuevo Leon Governor Samuel Garcia along with other local officials and Ken Salazar, the U.S. ambassador to Mexico, one of the sources said. Register now for FREE unlimited access to Reuters.com RegisterA spokesperson for the Nuevo Leon government declined to comment. Musk's visit to Nuevo Leon was originally reported by Mexican media. Tesla, based in Austin, Texas, has its own lane at the U.S.-Mexico border crossing in Nuevo Leon to facilitate trade for local suppliers, the state government said in August.

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