Previous close | 14.65 |
Open | 12.80 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 195.00 |
Expiry date | 2024-05-03 |
Day's range | 10.90 - 18.90 |
Contract range | N/A |
Volume | |
Open interest | 10.78k |
Elon Musk's carmaker Tesla has sued an Indian battery maker for infringing its trademark by using the brand name "Tesla Power" to promote its products, seeking damages and a permanent injunction against the company from a New Delhi judge. Tesla in a hearing at the Delhi High Court this week said the Indian company had continued advertising its products with the "Tesla Power" brand despite a cease-and-desist notice sent in April 2022, according to details of the proceedings posted on the court website on Friday. During the hearing, the Indian company, Tesla Power India Pvt Ltd, argued its main business is to make "lead acid batteries" and it has no intention of making electric vehicles.
The U.S. National Highway Traffic Safety Administration said on Friday it has closed an engineering analysis opened to investigate the loss of rear-view cameras in about 158,716 Tesla's Model X and Model S vehicles. The safety regulator said Tesla's recall of the vehicles appears to address the risk presented by the failure of the component and it will continue to monitor the effectiveness of the recall. The regulator's Office of Defects Investigation (ODI) found that the component that led to the malfunctioning of the rear-view camera has a finite lifespan and once consumed would no longer be functional.
Apple stock gives the S&P 500 and Nasdaq Composite indexes a big boost. Shares of Tesla, however, are lagging Friday.