Tag: Tesla&#x27s

Elon Musk\’s recent announcement regarding Tesla (NASDAQ:TSLA)\’s entry into India signals a significant stride towards bolstering the country\’s electric vehicle (EV) ecosystem. Despite India\’s relatively small EV market, comprising only 2% of total vehicle sales in 2023, the potential for growth remains immense. The premium segment, encompassing vehicles priced over US$35,000, constitutes a mere 2% of the market, yet projections indicate a substantial rise in high-income households and overall passenger vehicle sales over the next decade. Here\’s what Morgan Stanley (NYSE:MS) has to say.

SHANGHAI/BERLIN (Reuters) -Tesla\’s global job cuts include reducing staff in the U.S. and China, the automakers\’ two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said.