Musk Must Focus on Tesla as EV Rivals Pick Up Pace, Investors Say in Survey

[ad_1] Right on cue, Tesla skeptics are pushing back after this year’s sizzling $500 billion (roughly Rs. 41,05,550 crore) rally. Rival automakers pouncing on booming demand for electric vehicles pose the biggest challenge for Tesla over the next two years just as Elon Musk appears distracted thanks to his high-profile ventures, from social media and … Read more

iPhone Supplier Foxconn to Invest $250 Million for EV Parts Unit in Vietnam

[ad_1] Foxconn is set to invest about $250 million (nearly Rs. 20,500 crore) in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world’s largest contract electronics assembler and local authorities said on Friday. The move confirms Foxconn’s global plans to become a player in the EV industry, … Read more

Uber, Ola Suffer a Blow as Supreme Court Revives Ban on Bike Taxis in Delhi

[ad_1] The Supreme Court on Monday stayed the High Court order by which it had essentially allowed bike-taxi aggregators Rapido and Uber to operate in the national capital by asking the Delhi government not to take any coercive action against them till a new policy was formulated. A vacation bench of Justices Aniruddha Bose and … Read more