Musk Debuts $70,000 Tesla in India to Boost Market
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According to Tesla, the latest generation of V4 Supercharger has the capacity to deliver up to 500 kW per car. With the sole aim to charge the EV faster and efficiently, the V4 Supercharger offers the Model Y a range of 267 km in just 15 minutes.
Despite multiple negotiations, Tesla’s entry into India’s EV market remains unconventional, choosing to import CBUs from China rather than setting up a local manufacturing unit, as required by the government.
Tesla’s long-awaited India debut comes as the government considers lowering EV import duties in a U.S. trade deal.
Troy Jones, Tesla’s Vice President of Sales, Service, and Delivery for North America, has left the company after 15 years
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.
Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.
On July 2, Tesla published its delivery numbers for the second quarter of 2025 (ended June 30), and they dropped yet again from a year ago. The company will report its financial results for the same period on July 23, which will show investors how its revenue and earnings were impacted by the sluggish EV business.
When Tesla first hit the market in 2008, CEO Elon Musk didn't just introduce a new car to the world, he changed the industry by redefining what a car could be. While not everyone was on board