An Indian tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a government document showed, a move that could impact sales of carmakers such as Tesla , Mercedes-Benz, BMW and BYD.
Tesla has received orders for just over 600 cars since launching sales in India in mid-July, a number that has fallen short of the company's own expectations, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Amidst the ongoing Tesla (NASDAQ: TSLA) stock volatility, South Korean retail investors are rapidly pulling out of the equity in favor of cryptocurrencies.
Recently, Zacks.com users have been paying close attention to Tesla (TSLA). This makes it worthwhile to examine what the stock has in store.
Registrations of new Tesla cars in Sweden fell 84% in August from a year earlier, to 210 vehicles, data from Mobility Sweden showed on Monday.
Tesla Inc lowered the price for its Model 3 rear-wheel drive version in China by 3.7% to 259,500 yuan ($36,278.99), its website showed on Monday.
In the first half of this year, China's EV giant BYD made $2.1 billion on revenue of $52 billion.
Tesla was asked in federal court on Friday to dismiss massive damages awarded to a 22-year-old student who was flung through the air to death by a Tesla vehicle that had Autopilot features.
European stock markets are heading for a mixed open Friday as attention turns to price rise data.
Tesla sold 8,837 vehicles in Europe in July, down 40% year over year. Tesla has sold 119,013 vehicles year to date, down 34% from the same span of 2024.
New European car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according to the European Automobile Manufacturers Association, or ACEA. BYD recorded 13,503 new registrations in July, up 225% annually.
Shares of auto-giant Tesla Inc NASDAQ: TSLA jumped more than 6% on Friday, finishing at the highs of the day in what was its strongest single-day performance in more than two months. The move came after almost two weeks of steady declines and looked like a stunning show of strength for bulls hoping the stock could reassert its uptrend.