Tesla Inc. opened its first India showroom, showcasing Model Y cars with a starting price of nearly $70,000, as Elon Musk’s electric-vehicle maker looks to tap new markets and offset slowing sales where it’s already well established.

As Tesla’s sales decline following Musk’s forays into US politics and amid a lack of new models, BYD has overtaken it to become the world’s largest manufacturer of EVs. Its annual revenues surpassed $100 billion for the first time in 2024.

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.

Tesla ( TSLA) officially launched in India on Tuesday, making a small bet on a country with massive growth potential.

Tesla’s Model Y launch in India could revolutionise the EV market, but its success will depend on overcoming pricing and charging infrastructure challenges

Tesla, the world’s most prominent EV brand, launched its first showroom in India today, debuting with the Model Y — currently the world’s top-selling electric vehicle.

Beyond Tesla and Waymo, the real winners in autonomous vehicles could be the semiconductor, sensor, and software companies.

While it has taken investors on a bumpy drive, no one can deny that Tesla ( TSLA 1.14%) has worked out to be a wildly successful stock. In the past 10 years, shares have rocketed 1,700% higher (as of July 10). The company's revenue growth has slowed, to be sure, but Tesla is now consistently profitable, which is a positive development.