Tesla

2024 - 4 - 3

Tesla's Electric Adventure: From India to China

BYD - China - Competition - Electric Vehicles - Elon Musk - EV Market - India - Sales - Stock Market - Tesla

Find out how Tesla's plans for a new electric car plant in India are shaking up the market with intense competition and surprising sales results!

Tesla is making bold moves in the electric vehicle market, with plans to set up a $2 billion to $3 billion electric car plant in India. This strategic decision comes at a crucial time, potentially boosting PM Narendra Modi's stance ahead of the elections. However, Tesla is not without its challenges, facing tough competition from Chinese companies like BYD, founded back in 1995 by Wang Chuanfu.

Despite its ambitious plans, Tesla's recent sales performance has raised concerns about the overall demand for electric vehicles. The company's struggles indicate a slowdown in growth beyond just its own operations. Additionally, analysts have warned about a possible risk of Tesla facing financial troubles amidst a price war and market saturation.

On the sales front, Tesla experienced a setback as it reported a drop in sales for the first time since the pandemic began. Meanwhile, its Chinese rival saw a surge in sales, highlighting the intensifying competition in the sector. Despite these challenges, Tesla managed to outsell BYD in the first quarter, regaining its position as the world's largest pure electric car maker.

In an effort to boost sales, Tesla is now offering zero-interest loans for up to 5 years in China. This aggressive marketing strategy aims to attract more customers and regain a stronger foothold in the competitive market. As Tesla navigates through tough quarters and market fluctuations, Elon Musk remains at the helm, steering the company through the electrifying world of electric vehicles.

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Image courtesy of "Financial Times"

Tesla to scout sites in India for $2bn-$3bn electric car plant (Financial Times)

Proposed investment by Elon Musk's company would be a boost for PM Narendra Modi ahead of election.

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Image courtesy of "CNN"

Tesla has a big competitor. And it is Chinese (CNN)

In 1995, metallurgy graduate Wang Chuanfu founded BYD, a small Chinese company focused on producing rechargeable nickel-cadmium batteries more cheaply than ...

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Image courtesy of "Reuters"

Tesla to scout sites in India for $2 bln-$3 bln EV factory, FT reports (Reuters)

Tesla will send a team from the United States to India by late-April to study sites for a proposed $2 billion to $3 billion electric car plant, ...

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Image courtesy of "The New York Times"

What Tesla's Troubles Signal for the Electric Vehicle Market (The New York Times)

The carmaker's disappointing results point to slowing demand and a โ€œsharp deterioration in growthโ€ that extends beyond Elon Musk's company.

UPDATE 2-Tesla to scout sites in India for $2 bln-$3 bln EV plant, FT ... (Yahoo Finance)

Tesla will send a team to India this month to scout locations for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on ...

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Noted Tesla bear says Musk's EV maker could 'go bust' and stock is ... (CNBC)

Tesla is facing a price war, intense competition from Chinese players and weakening demand for its electric cars.

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Image courtesy of "E&E News"

Tesla sales drop for first time since pandemic (E&E News)

As the automaker grapples with what one analyst called a "black eye" quarter, its Chinese rival reported booming sales.

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Image courtesy of "Inkstone"

Tesla knocks BYD off its perch as world's largest pure EV makers ... (Inkstone)

Tesla is the world's largest maker of pure electric cars again after outselling its closest rival, BYD, during the first quarter of this year, according to ...

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Image courtesy of "Sky News"

Elon Musk's Tesla suffers sales slump in 'unmitigated disaster' for ... (Sky News)

The electric carmaker said the decline was "partly" due to disruption to shipping in the Red Sea and an arson attack at a factory in Berlin.

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Image courtesy of "CnEVPost"

Tesla offers 0-interest loans for up to 5 years in China to boost sales (CnEVPost)

Tesla (NASDAQ: TSLA) is starting to offer loan deals in China to boost sales. The electric vehicle (EV) maker is offering a limited-time finance policy with ...

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Image courtesy of "The Business Times"

Aircraft lease rates yet to peak: BOC Aviation CEO (The Business Times)

AIRCRAFT lease rates have yet to peak but could hit a plateau in the next 12 months, said the chief executive officer...

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Elon Musk Blames 'Tough Quarter For Everyone'; Analysts Chop ... (Investor's Business Daily)

Tesla stock continued to slide Wednesday following disappointing first-quarter deliveries. Wall Street has taken an axe to 2024 earnings.

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Tesla Stock Has 87% Downside, According to 1 Wall Street Analyst (Yahoo Movies)

For the most part, analysts tend to be rather cautious and reserved when setting their price targets for stocks. That isn't the case with Gordon Johnson at ...

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How much is Elon Musk to blame for Tesla sales slip? (The Guardian)

Investor points finger at CEO's antics on X, but analysts say 'train wreck' quarter more down to problems in China and with EV demand.

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SEC shuns Tesla request to omit shareholder proposal on deep-sea ... (MINING.com)

The US Securities and Exchange Commission rejected this week Tesla's request to omit a shareholder proposal that sought to address the impacts of mining.

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Tesla posts disappointing Q1 sales under weakening EV demand (http://cbtnews.com/)

Tesla sales declined in the first quarter for the first time in four years, underlining the impact of cooling electric vehicle demand.

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Image courtesy of "Quartz"

Tesla's big delivery miss is a sign of tougher competition, analyst says (Quartz)

Motley Fool Asset Management's Shelby McFaddin on what's happening with Elon Musk's Tesla and the stock after a brutal first quarter.

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Tesla's Sales Drop for the First Time in Years (Robb Report)

The first quarter of 2024 went much worse for Tesla than anyone could have imagined. The Elon Musk-fronted EV maker announced a shocking drop in quarterly sales ...

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Image courtesy of "The Star Online"

Tesla reports drop in auto sales while Toyota sees US surge (The Star Online)

Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles (EVs), while legacy players ...

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Elon Musk Says He's Boosting Tesla Pay to Stop OpenAI From ... (BNN)

(Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk said the automaker has been boosting pay for artificial intelligence engineers as it faces a war ...

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Boosting Tesla employees' pay to stop OpenAI from poaching: CEO ... (Business Standard)

Musk was responding to an Information report about Tesla AI scientist Ethan Knight leaving the car company to join Musk's xAI startup.

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Tesla sales miss by the most in big blow for EVs (The Star Online)

Tesla Inc had Wall Street analysts second-guessing their models as the first quarter came to a close. One after another reduced their estimate for vehicle ...

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Tesla to explore locations in India for $3 billion EV factory, FT reports (CNBC)

The report said that the Tesla team would focus on the Maharashtra, Gujarat and Tamil Nadu states that already have automotive hubs.

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JPMorgan cuts its price target on Tesla stock, now sees 32 ... (Yahoo Movies)

"We caution Tesla shares could fall much further still should the company not be successful in quickly restoring unit volume and revenue growth."

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Tesla could 'go bust' and plunge 91% because it's in a bubble and ... (Yahoo News)

Tesla is arguably "the biggest stock market bubble in modern history," said Per Lekander, an investor who's been shorting the stock since 2020.

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Tesla begins production of right-hand drive EVs for Indian market ... (Business Today)

Tesla, a leading EV manufacturer, has started producing right-hand drive cars for the Indian market in its Berlin factory. The company is also scouting ...

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Hedge fund manager says Tesla stock could 'go bust' (Yahoo Finance)

Shares of Tesla slumped even further after the company posted a decline in first-quarter delivery numbers.

Transcript: Tesla dip โ€” blip or bust? (Financial Times)

Today is Thursday, April 4th, and this is your FT News Briefing. Disney's board has survived a coup attempt from an activist investor. And companies in China ...

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