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Billionaire businessman Elon Musk, the founder of electric car company Tesla, created a stir on Thursday by making a big offer. In fact, after recently buying a 9.2% stake in Twitter, now the world's richest person has offered to buy Twitter. For this, he has said to pay $ 41.39 billion (Rs 3.2 lakh crore) in cash. Will Pay $54.20 Per Share According to a report, under this offer to buy Twitter, Elon Musk is ready to pay $ 54.20 for every share of Twitter. The 50-year-old Elon Musk has given information about this proposal in a filing with the US Securities and Exchange Commission on Thursday, the report said. After this announcement, Twitter's shares jumped up to 3.10 percent on Wednesday and closed at $ 45.85. Twitter Has Extraordinary Potential Let us tell you that after rece

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Tesla Faces Obstacles To Expand Its Market To India; Know Why Centre Refused Its Tax Cut Proposal?

Snehashish RoyFebruary 8, 20220

The US-based electric vehicle manufacturer, Tesla Inc., has been recently turned down by the Indian government on a proposal demanding a tax cut for importing manufactured cars into the country. The proposal was rejected under the pretext of a non-coherent plan by the EV manufacturer. Tesla Inc. tabled the proposal to deduct import tax on fully assembled cars that the company will export into the country. It has no immediate plans to set up a manufacturing unit in India. While the move may not be environment-sensitive, there are certain reasons why the government decided to discard Tesla's proposal. Unfavourable Move Tesla's proposal to implement duty cuts came with no detail on establishing its manufacturing units in India. However, it detailed that the construction of domestic ...

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Center Rejects Tesla’s Request To Relax Import Tax Regime; Read To Know More!

Pooja YadavFebruary 8, 20220

The Centre has rejected Elon Musk's claims on the "challenges" that the billionaire said his company Tesla is facing while working with the Indian government to urge its cars to be launched within the country. Sources told Business Today that Musk is trying to place pressure on the government. Through social media, Tesla wants the country to cut back import duties on its cars without committing to provide within the country. The Centre has once more turned down the demand for tax cuts to import electrical cars, said rules already permit conveyance in partially-built vehicles and collecting them domestically at a lower levy. Indian government levies a 60% import tax on electric vehicles priced at $40,000 or less, and 100% on those priced above $40,000. Tesla cars start at $44,690 (...

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Elon Musk: Tesla Chief Becomes First Person In The World To Earn $300 Billion

Gunjan ChaudharyNovember 1, 20210

The wealth of Elon Musk, the owner of Tesla company, one of the world's richest people, is increasing day by day. Now he has become the only person in the world, whose position no one has reached till date. Last Thursday, Musk's net worth jumped by $ 9.79 billion, or Rs 73,210 crore. After this, Musk's net worth reached $ 302 billion according to the Bloomberg Billionaires' Index. Musk has become the only person in the world to reach this place. With this, Tesla's market cap has also crossed one lakh dollars. Musk's wealth is $100 billion more than the second richest personAccording to the Bloomberg Billionaires Index, the second richest person in the world is Jeff Bezos of Amazon Company. His net worth has reached $ 199 billion, but the special thing is that despite this, Elon Musk's ...