Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal.
The maker of industrial drives and electric ship motors said on Thursday its core operating profit margin increased by 1.5 percentage points to 16.6%, the highest since the Swiss company was founded in 1988.
In June, the EU and India relaunched talks for a free trade agreement with the aim of completing them by the end of 2023. Talks began in 2007, but were frozen in 2013 due to lack of progress on issues including EU demands for greater access to Indian markets for its cars.
Euler Motors did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.
As demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.
BYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan to corner 40% of the country's electric car market by 2030.
The sedan, imported from Toyota Brazil, is powered by flex fuel technology, which allows the engine to run on fuel blended with a higher percentage of ethanol, reducing the consumption of gasoline, along with a hybrid powertrain.
In FY2021-22, India's used car business, which has been valued at $23 billion, is expected to grow and expand at a CAGR of 19.5 per cent. The market will grow 12.7% in volume.
The 2022 Indian Blue Book Report says that sales of used cars in India will surpass 8 million units by FY2027. The total used car sales in India in FY2021-22 was 4.4 million units.
Satellites recorded another large methane leak at an offshore platform belonging to Mexico's Pemex in August, according to exclusive data shared with Reuters, even as pressure mounts on the state oil company to reduce these emissions.
French government support for gasoline prices has led to long queues of cars from Belgium queuing at gas stations just over the border with France where gas can be more than 30 euro cents ($0.30) per litre cheaper.
The head of the U.S. Environmental Protection Agency (EPA) on Monday questioned California Governor Gavin Newsom's plan to require all new passenger vehicle sales in 2035 be zero-emission models, according to a letter seen by Reuters.
Volkswagen in collaboration with Uber has launched a pilot project for the utilisation of electric vehicles within the sustainable ride hailing service Uber Green.
The Ather 450X Series1 Collector's Edition celebrates those early-bird customers who decided to book the scooter by showing complete faith in the company. The limited edition model gets an all-new colour scheme and the first-ever translucent panels exposing the aluminium frame underneath.
Maruti Suzuki has started to evaluate new market segments like the mid-SUV segment where it has sighted strong volumes but is not present with a robust product offensive.
In a bid to instil buying confidence among customers, Mahindra and Mahindra and rolled out a slew of offers for new car buyers in India. Here are the details.
Mercedes-Benz India today introduced its new retail sales model called 'Retail of the Future' (ROTF). With this new model, the company plans to promote a 'direct to customer' retail approach to creating a more customer-centric brand.
Australia, which is rich in minerals used for batteries like lithium and nickel, is poised to benefit as developing supply chains for electric vehicle batteries while following responsible production practices.
Home-grown commercial vehicle manufacturer, Ashok Leyland has released its monthly sales numbers for May 2021. Last month, the company's total sales stood at 3199 units, registering a 62 per cent decline compared to 7961 units sold in April 2021.
Cruise LLC, the autonomous vehicle (AV) company majority-owned by General Motors Co, has urged President Joe Biden to back efforts to speed thousands of self-driving cars to U.S. roads, saying the country risks lagging behind China.
U.S. securities watchdog told Tesla Inc last year that Chief Executive Officer Elon Musk's use of Twitter had twice violated a settlement requiring his tweets to be pre-approved by company lawyers, the Wall Street Journal reported.
Mahindra Farm recorded 5 per cent sales decline in the domestic market last month while it exported more volumes in the same month, leading to a triple-digit growth in exports.
