Analysts believe Tesla will first focus on building the Model Y brand before expanding -- both in terms of volume and models.
China's Xiaomi unveiled on Tuesday its new flagship Mi 4 smartphone, aimed squarely at the premium handset market dominated by Apple Inc and Samsung Electronics Co Ltd.
Lei Jun, founder and CEO of Xiaomi, in an internal letter on Wednesday, announced that the company has sold one million smartphones in the first 18 days of this month in India, state-run China Daily reported.
Xiaomi easily broke their record from the same event last year.
Xioami, currently the world's third-largest smartphone maker, is now planning to raise about $1.5 billion in its fifth round of financing, media reports said.
Patent fees will likely squeeze margins, and in turn the company's valuation.
Wang ranked second on the list this year, with a fortune of 145 billion yuan.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
Facebook's Mark Zuckerberg is at the second place.
Following the footsteps of Motorola, Chinese handset maker Xiaomi is also teaming up with e-Commerce major Flipkart to launch its handsets in India.
The company currently controls over 30 per cent of the online smartphone market in the country, but says that isn't enough.
Handset maker Xiaomi will set up a research and development unit in Bangalore, its first such facility outside of China, as it looks to beef up presence in the booming Indian smartphone market.
Dubbed as the 'fastest' smartphone in the world, Xiaomi has left no stone unturned to launch Mi 4, the successor to Mi 3 next year. But how is the Mi 4 different from Mi 3? Can these two along with a bouquet of smartphones launched by the Chinese company help it cross the 100 million mark next year?
Facebook Inc Chief Executive Mark Zuckerberg launched a free Internet application in Colombia on Wednesday as part of a drive to bring developing markets online, but remained mute on when and if the company would look to move into China.
'Clearly, the warming of ties can be a 'win-win' for India and China,' says Ambassador M K Bhadrakumar.
Xiaomi Mi 4i is attractive but camera quality could have been better.
India is the world's third-largest smartphone market.
China's smartphone giant Xiaomi on Thursday launched its new flagship phones to rival iPhone 6 at virtually half the prices and vowed to expand its India operations, brushing aside the legal challenges it faced over patent issues.
Digitally driven businesses have cut short the time to market significantly.
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