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Visitors to the Moon could race across the planet's surface in an "extreme" car dropped there by Elon Musk. That's the vision of a Nasa-backed company that is working on a vehicle for lunar roadtrips of the future.According to a report in Express US, a NASA-backed company is collaborating with SpaceX founder and billionaire Elon Musk to create a vehicle that can offer lunar road trips in the future.Lunar Outpost says its vehicle will be capable of navigating the Moon's treacherous south pole. Lunar Outpost is the company behind the space-age motor.ALSO READ: Did Trump confirm divorce rumours of Prince Harry and Meghan Markle? All you need to knowMusk's plan for 'extreme' Moon CarNew concepts of the 'extreme' car, made by a company called Lunar Outpost, show what the final version of the vehicle might look like. The company says its space car will be able to navigate the Moon's treacherous south pole, and NASA's Artemis astronauts can use the car to travel around the planet's surface, the report said. Lunar Outpost recently signed a contract with Elon Musk's SpaceX to transport the Lunar Terrain Vehicle (LTV) to the Moon's surface.The firm says its space mobile will be used to "provide surface mobility to future NASA Artemis astronauts." Lunar Outpost bagged its contract from Nasa to build a human-friendly Moon rover back in 2022. It means Lunar Outpost has been tasked with designing and building a rover that could take part in the Artemis missions.Artemis is Nasa's program that's meant to re-establish a human presence on the Moon.ALSO READ: World War 3 fear erupts again? Putin ally's stark warning to Trump on US actionsAll about the contractThe NASA-backed company is picking up where NASA itself left off in 1972 with the Apollo 17 mission, which was the last time humans set foot on the Moon.A company spokesperson said: "We're confident that SpaceX is advancing the most capable launch system ever created. And will successfully land our Eagle vehicles on the surface of the Moon."They added: "This contract is instrumental to accelerating Lunar Outpost's mission of enabling a sustainable human presence in space and we look forward to working with SpaceX to make that happen."NASA is working with three different companies for the LTV building while spending a huge $4.6 billion on the project.ALSO READ: 'Trust Elon?': Donald Trump defends Musk amid friction buzz, reveals big DOGE role in military and educationVanessa Wyche, director of NASA’s Johnson Space Center in Houston, said: "We look forward to the development of the Artemis generation lunar exploration vehicle to help us advance what we learn at the Moon. "This vehicle will greatly increase our astronauts’ ability to explore and conduct science on the lunar surface while also serving as a science platform between crewed missions."The Moon’s south pole temperatures can range wildly from 129F in the day during sunlight, down to as cold as -333F.Nasa's Artemis program kicked off with Artemis 1 in November 2022, and there are currently around 10 planned Artemis missions right up until 2035. The space agency is forking out up to $4.6 billion on the project.ALSO READ: Meghan Markle said these two words to Prince Harry amid divorce rumours as he breaks down at Invictus GamesAnd it says that the space car will need to be decent enough to satisfy Nasa's lunar exploration needs right through to 2039."We look forward to the development of the Artemis generation lunar exploration vehicle to help us advance what we learn at the Moon," said Vanessa Wyche, director of NASA’s Johnson Space Center in Houston.NASA's Artemis programNasa's Artemis program kicked off with Artemis 1 in November 2022. This was an uncrewed Moon-orbiting mission to test the Orion spacecraft, as well as Nasa's Space Launch System (SLS) rocket.ALSO READ: 'Why are we letting Taylor...': Kanye West takes aim at popstar's Super Bowl appearance in obnoxious X rantIt's set to be followed in April 2026 with Artemis II, a crewed flyby of the Moon. Then Artemis III is scheduled for the middle of 2027, which will be the first crewed landing on the Moon since the early seventies.After that comes Artemis IV in September 2028, which will see an habitation module added to the upcoming Lunar Gateway orbital outpost.It's a space station that will circle the Moon, making it easier to travel to and from the lunar surface. There are at least 10 planned Artemis missions right now, taking Nasa through until 2035.

Capital markets regulator Sebi has come down heavily on Gujarat-based Kalahridhaan Trendz, a recently listed SME company, and its promoters for failing to report payment defaults and misleading corporate announcements.In an interim order, the regulator barred the company and its promoters from accessing or associating themselves with the securities market in any manner."The company is found to have failed to make material disclosures regarding its default in repayment of its dues to HDFC Bank and also made false and misleading corporate announcements regarding its expansion and receipt of a large buy order from a fictitious entity from Bangladesh," Sebi said.Kalahridhaan Trendz is a textile company that manufactures and trades fabrics, including suitings, shirting, and dress materials. The company made its public debut in March last year and has since nearly lost its value.Sebi's investigation revealed that Kalahridhaan, which raised Rs 22.49 crore through its SME IPO in June 2023, diverted funds meant for business expansion, failed to disclose crucial financial details, and manipulated financial statements.HDFC Bank, one of the lenders, had flagged non-payment issues related to Kalahridhaan’s loans, prompting further scrutiny by Sebi. Further, the company’s financials submitted during the IPO process did not match the reality of its banking transactions.The investigation found that the company used forged documents to show non-existent transactions, overstated revenues, and failed to disclose defaults on bank loans."The analysis indicated that funds raised through the IPO were not used for the stated business purposes, including working capital and loan repayments, but instead routed through undisclosed entities. Additionally, the company’s bank accounts showed signs of financial distress, including loan defaults that were not disclosed to investors before the IPO," an order release noted.Sebi also flagged several irregularities in the company’s filings, including inflated sales figures and non-disclosure of related-party transactions. The regulator found that the company created false purchase and sales invoices to inflate revenue and mislead investors about its financial health.

The Nifty index opened on a fairly negative note on Monday, saw selling pressure, and finally ended lower at 23,382 level. The volatility index, India VIX, rose 5.55% to 14.45, indicating an increase in market volatility.Technically, Nifty formed a red candle on the daily scale, indicating weakness. However, the index found support near the 21-day simple moving average (DSMA), which is placed at around 23,290. On the upside, the 50-DSMA is placed around 23,740, which will act as a crucial hurdle, followed by 23,800. Sustaining below 23,290 could extend further weakness in the index. Traders should closely monitor these levels for potential opportunities, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.As per the open interest (OI) data, the highest OI on the call side was observed at 23,600 and 23,500 strike prices, while on the put side, the highest OI was at 23,300 strike price followed by 23,400.What should traders do? Here’s what analysts said:Jatin Gedia, Mirae Asset SharekhanOn the daily charts, we can observe that the Nifty has closed in the negative for the fourth consecutive session. It has in the process tested the 20-day moving average (23,300) which is likely to act as a make-or-break level from a short-term perspective. We expect the Nifty to hold on to this crucial support and resume its uptrend towards 24,000. The daily momentum indicator has a positive crossover, which is a buy signal, and hence this minor degree pullback towards the support zone should be considered a buying opportunity.Om Ghawalkar, Share.MarketThroughout the day, the market exhibited volatile movements, reaching a low of 23,316. In the last trading hour, it witnessed a mild recovery and closed at 23,381. Last week, Nifty faced resistance at the 50-SMA (Simple Moving Average) on the chart. On Monday, it found support near the 21-SMA, indicating a key technical level to watch. Options chain analysis suggests that the maximum call open interest (OI) is concentrated at 24,000, indicating a strong resistance level. On the other hand, the maximum put open interest (OI) is observed at 22,500, which could serve as a key support level for the market.Rupak De, LKP SecuritiesThe decline continues in the headline index as it has been falling after forming a lower top on the daily chart. Sentiment has weakened further after the Nifty dropped below the 21EMA. Additionally, the RSI has entered a bearish crossover. In the short term, the trend may worsen below 23,350, with the potential to fall toward 23,000 if it sustains below this level. On the higher end, resistance is seen at 23,550.Nagaraj Shetti, HDFC SecuritiesA long bear candle was formed on the daily chart that has started to move below the crucial cluster supports of around 23,400 levels (10/20-day EMA and support as per change in polarity). This is not a good sign. A slide below the next support of 23,220, the bullish chart pattern like higher tops and bottoms could get nullified and that could have a more negative impact on the market. The underlying trend of Nifty remains negative. Having moved below the crucial support of 23,400, one may expect the market to slide down to 23,200 and lower in the short term. Immediate resistance is placed at 23,500 levels.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times