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Musk said there was a clear path to delivering a car that cost half as much to build as Tesla's Model 3 sedan, but offered no further details.

A company run by Geely Chairman Eric Li took a majority stake in Meizu last year, making the Volvo owner the first established carmaker to enter the premium smartphone sector. He later named the company Xingji Meizu, with the brand as its smartphone arm.

The automaker told the National Highway Traffic Safety Administration (NHTSA) it was no longer seeking approval for the petition it filed in July 2021

The index climbed 1.6%, adding to a gain of more than 3% on Wednesday, and it is now on track for its biggest two-day percentage gain in nearly two months, hitting its highest level since April 6 after a flurry of updates from several chipmakers including Intel, Micron Technology and Germany's Infineon.

Vestager told reporters in Washington that European Union and U.S. negotiators are working on legal frameworks that would be different from the Japan deal.

Since February 2022, a crew of 1500 women have been working in multiple shifts assembling the two SUVs at the company’s Pimpri plant in Pune, Maharashtra.

The company said it will increase prices for its truck models by up to 4% and by up to 6% for bus models.

Traders said the rising demand from Indian refineries is forcing Russia to support exports despite Moscow's pledge to cut oil output.