Tesla

Elon Musk and China's industry minister discussed ways to develop new energy vehicles yesterday, a day after the Tesla CEO flew into Beijing and declared he wanted to expand his business in the world's second largest economy.

The mercurial billionaire, one of the world's richest men, is on his first trip to China in more than three years.

Elon Musk on May 16 said a new Twitter chief executive will let him devote more time to Tesla, but that he will continue to tweet his unfiltered thoughts even if it hurts his businesses.

"I don't care," the billionaire said during a CNBC interview when asked what he thought of his controversial tweets potentially hurting Tesla shares or making it harder to sell ads on Twitter.

Chinese safety regulators have ordered Tesla to recall 1.1 million vehicles because drivers might step on the accelerator for too long, increasing the risk of a crash.

The State Administration for Market Regulation said in a notice that the recall involves imported Model S, X and 3 models as well as the Chinese-made Models Y and 3.

In late March, more than 1,000 technology leaders, researchers and other pundits working in and around artificial intelligence signed an open letter warning that AI technologies present "profound risks to society and humanity."

Togg aims to deliver more than 1,000 vehicles in May, says Gürcan Karakaş, the CEO of Türkiye's first indigenous electric car maker.

"We will deliver more cars in June," Karakaş told private broadcaster Bloomberg HT, adding that a total of 28,000 will be delivered by the end of the year.

The U.S electric car maker Tesla has scheduled first deliveries of its vehicles for Turkish customers in May.

The company started to collect pre-orders for vehicles on April 4. Tesla will sell three versions of its Model Y in Türkiye.

A total of 26 names from Türkiye entered the 2023 billionaires list published by Forbes, while İbrahim Erdemoğlu, the owner of a holding company manufacturing carpet, has officially surpassed Yıldız Holding chair Murat Ülker to take the title of the country's richest billionaire.

German giant Volkswagen is set to follow Tesla's lead with a high-profile price drop as the battle for global dominance in the electric car segment intensifies, and local challengers race ahead in key market China.

Elon Musk on Jan. 23 told jurors that his 2018 tweet about taking Tesla private at $420 a share was no joke and that Saudi Arabia's sovereign wealth fund was serious about helping him do it.

 A nine-person jury was seated Tuesday to hear a trial that will determine whether Tesla CEO Elon Musk cheated investors by asserting in 2018 tweets that he had lined up financing to take the electric automaker private.