India, Elon Musk and Tesla
Digest more
The Wall Street Journal, citing people familiar with the situation, on Tuesday reported that Troy Jones, who on his LinkedIn page is described as a vice president of sales and service in North America, has left Tesla after a 15-year run with the EV maker. Tesla did not respond to a request for comment in time for publication.
According to Bernstein analysts, Tesla has not signed up for India’s new EV policy, which offers a lower 15% duty for vehicles over $35,000 in exchange for a commitment to local manufacturing.
2d
Asianet Newsable on MSNTesla's India Launch: SEBI RA Tracks Bosch, Tata Motors As Winners; While Legacy Players Maruti, Ashok Leyland May StruggleTesla’s Model Y launch in India has set the stage for a major auto sector reset, fueled by the company’s planned Gigafactory, EV rollout, and a ₹20,000 crore investment. Elon Musk’s EV giant has launched its first showroom in Mumbai and is expanding to New Delhi later this month,
Tesla stock plunged nearly 8% after Elon Musk launched the American Party, sending shockwaves through Wall Street. The stock, once flying high at over $488 in December after Trumps re-election, has now dropped 35%,
Monday, Cox Automotive released its second quarter U.S. EV report. Sales landed at about 311,000 vehicles, down 6% year over year.