Tesla has announced to have appointed an new chairperson- Robyn Denholm who will replace Tesla's long existing current chairman, Elon Musk. The change in position comes after Musk recently being sued by the SEC for his infamous tweets over Tesla's going private for which both Musk and Tesla had to pay a penalty of $20 million. After the matter came into light, Musk was asked by the board to step down from his current position in the company. Earlier, in a series of tweets Musk has mentioned about taking Tesla private at $ 420 per share and he even claimed to have secured some funding.
It was in 2015 that PM Modi tweeted how he was impressed by the power wall technology of Tesla Motors which stores electricity in a battery for long term. Musk gave a presentation to PM Modi on the revolutionary technologies being developed by Tesla, which is likely to change the face of the motor industry and have wider implications on developing countries like India on renewable energy.
China is the largest market for electric vehicles, and most forecasters predict that electric vehicle sales in the country will accelerate rapidly as government regulation drives toward a goal of 100-percent electric vehicles by 2030.
Volkswagen and Intel Corp's Mobileye are planning to roll out Israel's first ride-hailing service using self-driving cars starting early next year. Volkswagen will provide the electric vehicles and Mobileye its autonomous driving technology.
The concept gives us a preview of another SUV from the company's stable and it's likely that this will be the next generation version of the HB20. The crossover like styling seen in the sketch gives us some idea of what the car will really look like.
Audi staged a global launch of the e-tron in San Francisco last month as part of its effort to expand the market for premium electric vehicles and grab a share from California-based Tesla, which has had the niche largely to itself.
The vehicle is a derivative of the Taycan which is the first purely electric Porsche that will be launched in the market in 2019. Porsche plans to invest more than six billion euros in electromobility by 2022.
The surprise announcement, delivered via tweet to Musk's 23 million followers, comes as Tesla seeks to steer attention away from a chaotic period in which Musk battled with critics, smoked marijuana during an interview and pledged that he had the money to take Tesla private - a promise for which he was sued by the Securities and Exchange Commission, and which he recently settled.
According to the Society of Manufacturers of Electric Vehicles (SMEV), in FY 2017-18 the sales of electric cars came down to 1200 units from 2000 units in FY2016-17 recording a slump of 40 per cent. The sales were flat at 2000 units in FY2016-17.
