Billionaire Elon Musk's increasing involvement in US politics and controversial stance on European leaders may have also attributed to the fall in Tesla sales
After prolonged speculation about Tesla's entry into the Indian market, the Elon Musk-led EV major has begun the process of setting up its manufacturing unit in India
Tesla's sales plummeted 41% last year in Germany, while overall battery-electric vehicle sales declined 27%. The Federal Motor Transport Authority is scheduled to report January results on Wednesday
Analysts expect Tesla to sell 2.1 million cars this year, up about 16 per cent, according to 20 analysts polled by LSEG, after its deliveries last year fell marginally, due to an aging model lineup
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and aprominent Tesla investor, said robotaxis and AI were not the fundamental businesses he wanted Musk to focus on
Tesla's latest deal comes from its active lease platform, and is made up of more than 26,000 leases with borrowers holding a weighted average FICO credit score of 764, according to deal documents
Elon Musk's Tesla robotaxi aims to revolutionise autonomous transport, but its Chinese competitors face mounting challenges in profitability and regulation
Musk has cultivated devil-may-care persona, travelling world, hanging out with moguls, leaders, celebrities, and smoking in public, but in private, he has barricaded himself behind armed bodyguards
States like Gujarat and Tamil Nadu are competing to attract Tesla's component suppliers, hoping that a robust local supply chain will convince the EV maker to establish operations in their regions
US EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand due to steep borrowing costs
The US Space Force, which manages the launch procurement program, said Blue Origin received $5 million to provide an assessment of how it will meet the Pentagon's launch requirements
