Tesla enters India with $70,000 Model Y
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Tesla has stepped into Indias EV segment, which is currently dominated by Tata Motors. Hence, tough competition between EV makers is expected. Tata Motors share price is also focused ahead of its Q1 results and development in the demerger.
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Barchart on MSNDear Tesla Stock Fans, Mark Your Calendars for July 15Tesla (TSLA) shares are drawing attention on Friday after the automaker confirmed plans of opening its first showroom in Mumbai, India on July 15. Tesla vehicles sold in India will be imported from the company’s giga factories located in Shanghai and Berlin as the EV maker doesn’t currently have a manufacturing facility in India.
Tesla’s long-awaited India debut comes as the government considers lowering EV import duties in a U.S. trade deal.
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.
Shares of Tata Technologies, Rallis India, Tejas Networks, and Tata Motors move on earnings, deal outlook, and sector cues. Tesla showroom launch in Mumbai also drives auto focus.
Tesla Inc. opened its first showroom in India on Tuesday, marking the electric vehicle maker's long-anticipated debut in the world's third-biggest automotive market.