Tesla Financial News

Tesla (NASDAQ:TSLA) China announced plans to embark on a countrywide tour to exhibit its leading Cybertruck pickup, as revealed on WeChat, China's social media messaging platform.

For nearly a week, frigid temperatures from Chicago to northern Texas have made life difficult for electric-vehicle drivers

China’s BYD, the largest electric vehicle manufacturer globally, introduced three battery electric vehicle models in Indonesia on Thursday as the company aims to establish itself as the market leader in Southeast Asia's largest economy.

By Nell Mackenzie

India is yet to decide on the lower import taxes on imported electric vehicles, news agency Reuters quoted Rajesh Kumar Singh, a top bureaucrat at the Department for Industry and Trade Promotion as saying at the ongoing World Economic Forum in Davos. The issue of the Elon Musk-led company's entry and lower EV import taxes has also faced resistance from the domestic industry, the official said. Additionally, India has continued its demand of wanting firm commitments from Tesla on investment and manufacturing should the government opt to lower taxes.

The world might see its first trillionaire sooner than you think

Investing.com — U.S. futures slipped lower Wednesday on concerns that interest rate cuts by the Federal Reserve could be further away than earlier anticipated.

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Investing.com — The Dow closed lower Tuesday as investors digested a slew of earnings and a jump in Treasury yields after Fed Governor Christopher Waller downplayed the need for speed on rate cuts. 

Tesla (NASDAQ:TSLA) CEO Elon Musk revealed on social media platform X (formerly Twitter) that the multi-billionaire is “uncomfortable” with the idea of expanding the automaker's role in artificial intelligence and robotics without first securing a minimum of 25% of voting control of the company, a stake nearly double his current ownership.

The blue-chip NSE Nifty 50 shed 0.29% to 22,032 points. Both the benchmarks rose about 0.1% each to fresh record highs for the third session in a row, before reversing gains. Here's how analysts read the market pulse: «For a sustained upward movement towards the 22,300 level, the index needs to decisively break above the 22,150 mark. On the downside, the immediate support is located at 21,950, and a clear break below this level could trigger further corrections towards the 21,800 mark,» said Kunal Shah, senior technical & derivative analyst at LKP Securities. Jatin Gedia of Sharekhan, said, “Considering the current price and momentum setup we expect Nifty to consolidate within the range 21,900 — 22,200 from a short-term perspective. Stock- specific action and sector rotation are likely during this period of consolidation. Aggressive longs should be avoided and adherence to strict stop loss levels for the long positions is advised." That said, here’s a look at what some key indicators are suggesting for Wednesday's action:

Investing.com -- U.S. stock futures slip, as markets on Wall Street prepare to reopen after a holiday on Monday. Earnings from Goldman Sachs and Morgan Stanley will be in focus, along with a speech from Federal Reserve Governor Christopher Waller. Elsewhere, Elon Musk calls for a greater stake in Tesla (NASDAQ:TSLA), saying he would prefer to build products outside the electric carmaker if his holdings are not increased.

Yesterday marked Martin Luther King Day, a federal holiday since 1983. Historically, the market has exhibited a positive average reaction on the Friday before and a weaker performance on the following Tuesday. Here are the figures:

Tesla (NASDAQ:TSLA) CEO Elon Musk revealed on social media platform X (formerly Twitter) that the multi-billionaire is “uncomfortable” with the idea of expanding the automaker's role in artificial intelligence and robotics without first securing a minimum of 25% of voting control of the company, a stake nearly double his current ownership.

Investing.com — U.S. futures retreated Tuesday, as risk appetite fell while investors digested earnings from more senior banks.

Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla. Mahindra and Tata Motors have pressed Indian officials privately not to lower import taxes of 100% on electric vehicles and protect domestic firms and their foreign investors as the government reviews Tesla's plans to enter the market, Reuters reported last month. Asked about Tesla's entry and New Delhi's planned policy to lower import taxes, Mahindra Managing Director Anish Shah said his company had made representations to Indian officials saying global EV makers must be nudged to invest in India. «It should be a level playing field and investing in India is important,» Shah told Reuters in an interview at the World Economic Forum annual meeting, without referring to Tesla by name. «Our approach is essentially to create a stronger industry in India, and not to be in a situation where manufacturing is done outside India, and India just becomes an importer of products,» he added. India sold 4 million cars last year and just 82,000 of those were EVs, but the nascent segment clocked sales growth of 115% versus the previous year. Mahindra has raised around $400 million from Singapore's Temasek and British International Investment, while private equity firm TPG and Abu Dhabi state holding company ADQ invested $1 billion in 2021 in Tata. Shah said Mahindra has plans to list its EV unit, but not before 2029 «because we need to be able to show significant success in that business.» «For us, electric is the future,» he said. Tesla has proposed setting up an Indian factory but also demanded

Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months, but 2024 is starting on a different note, with Elon Musk’s electric-vehicle maker off to its worst start to any year — ever.

One of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks including JPMorgan Chase, accelerating a race to build more batteries outside China and take advantage of a tidal wave of clean-energy subsidies. Europe’s Northvolt plans to use the funding to grow battery production at a factory in northern Sweden for customers such as Volkswagen and BMW. It also plans to expand a recycling facility next door that will convert scrap metal and old batteries into reusable battery materials.

By Eric Onstad

Tesla. "I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned.

₹8.3 lakh per year can afford luxury cars, a quick pace of upward mobility spells optimism over big-ticket purchases ahead. If Mercedes logged sales in 2023 that amount to 87% of its annual capacity of 20,000 units, as reported, it would need to scale up local assembly soon. Where EV models figure in its new roll-out mix may depend on the carmaker’s supply outlook.