
Tesla Set to Open India Showrooms in July With Made-in-China EVs
Tesla Inc. is set to open its first showrooms in India in July, people familiar with the discussions said, kicking off formal operations in the world's third-biggest automobile market as the Elon Musk-led firm hunts for growth amid falling sales in Europe and China.
The electric vehicle giant's first set of cars have arrived in the country — Model Y rear-wheel drive SUVs shipped from Tesla's China factory, according to the people, who asked not to be identified as the information is private, as well as documents seen by Bloomberg News. The Model Y is the world's largest selling electric car.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
Tesla To Offer Extended EV Test Drive Experiences Via Electrify Expos' Weekender Program
Electrify Weekender Launch with Tesla in Los Angeles Tesla will be the exclusive partner at Electrify Expo LA for the Electrify Weekender program with additional automakers to be announced for future cities Electrify Weekender is an extended test drive program exclusive to Electrify Expo attendees where they can take their EV of choice home and experience how it fits in their everyday life LOS ANGELES, June 20, 2025 (GLOBE NEWSWIRE) -- Electrify Expo, North America's largest electric vehicle (EV) and technology festival, today announced Electrify Weekender, an extended test drive program exclusively available to Electrify Expo attendees giving them the opportunity to extend their EV experiences beyond the gates of the festival and further familiarize themselves with EV technology building buyer confidence before making a purchase. The program kicks off with Tesla as the exclusive partner at Electrify Expo Los Angeles on June 21-22. 'Electrify Weekender gives people the freedom to experience EVs on their own terms,' said BJ Birtwell, founder and CEO of Electrify Expo. 'At our festivals, thousands of attendees get their first taste of EVs through hands-on demos, and that's often the spark that starts their journey. With Weekender, we're extending that experience into real life. Giving people more time behind the wheel builds confidence, and confidence drives adoption. This program is about breaking outdated myths, reaching new audiences and showing how EVs seamlessly fit into everyday life. My first EV experience was in a Tesla, so launching this with them feels like a full-circle moment. Now it's time for others to have that same 'light bulb' moment.' Tesla has been the industry leader delivering high-performance vehicles and innovative models. With Tesla's large role in shaping the industry, the collaboration with Electrify Weekender marks another milestone in the company's investment in EV accessibility and adoption. Attendees may sign up for the extended test drive program ahead of time or on-site at the festival. After selecting their preferred model, information is passed to the automaker who coordinates with local stores to schedule a two day driving experience. Participate in Electrify WeekenderInterested in a longer experience with an EV of your choice following your demos at Electrify Expo? Find more information about the test drive program and participating automakers near you at Electrify Expo's Remaining 2025 Tour Stops: June 21-22: Los Angeles, CA July 12-13: Seattle, WA August 23-24: San Francisco, CA September 13-14: Chicago, IL **new city October 17-19: New York, NY November 15-16: Dallas, TX **new city For the full 2025 schedule and to secure tickets, visit Media interested in attending may request credentials by emailing ee@ interested in exhibiting at the 2025 Electrify Expo locations can visit About Electrify ExpoElectrify Expo is North America's largest electric vehicle (EV) and technology festival, where consumers come to shop and experience all things electric. The festival showcases the industry's leading brands and exciting startups through hands-on activations, demos and experiences spanning EVs, micromobility, solar energy, charging solutions, powersports, automotive aftermarket, and connected home technology, providing attendees with immersive learning opportunities and memorable interactions. From high-powered demo courses to engaging education zones, Electrify Expo offers a unique festival vibe for consumers to reshape what they think they know about EVs. In 2025, Electrify Expo's nationwide tour will visit Orlando, Phoenix, Dallas, Los Angeles, Seattle, San Francisco, Chicago and New York. To stay up to date on the latest news and announcements from Electrify Expo, visit and follow on Facebook, Instagram and YouTube. Media ContactSkyya PRee@ An image accompanying this announcement is available at

Business Insider
32 minutes ago
- Business Insider
Tesla stock wobbles as the company rolls out early robotaxi invites
Tesla shares wavered on Friday as investors eyed the company's move toward its highly anticipated robotaxi event. The stock rose as much as 3% to $332.36 before paring gains and falling by about 1%. The stock is down 21% in 2025. Tesla is poised to enter the self-driving car market by launching its robotaxi fleet in Austin, Texas, with early invites for the service rolling out Friday morning. The electric vehicle maker has been preparing for the event for months, keeping investors on edge as they await a fresh catalyst for the stock to gain amid falling vehicle sales in 2025. Influencers and popular Tesla personalities on X shared screenshots of emails they received Friday morning, revealing their invitations to test Tesla's self-driving vehicles. "As an Early Access rider, you can be among the first to use our new Robotaxi App and experience an autonomous ride within our geofenced area in Austin," an invitation posted on X reads. "Through this exclusive preview, you'll have the opportunity to provide valuable feedback on our Robotaxi service." Wedbush Securities analyst Dan Ives, a well known Tesla bull, described Tesla's robotaxi launch as the start of a "golden age of autonomous growth." "Taking a step back we view this autonomous chapter as one of the most important for Musk and Tesla in its history as a we believe the AI future at Tesla is worth $1 trillion to the valuation alone over the next few years," Ives wrote in a note on Friday, reiterating an outperform rating and a $500 price target for Tesla stock. Tesla stock has been volatile this year, but it's up sharply since its April lows, partly on excitement for the robotaxi launch. Investors have been concerned about falling Tesla sales, as well as Musk's political activities, which some shareholders believe have harmed the brand.


CNBC
33 minutes ago
- CNBC
Tesla inks first deal to build China's largest grid-scale battery power plant
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington. The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed. Utility-scale battery energy storage systems help electricity grids keep supply and demand in balance. They are increasingly needed to bridge the supply-demand mismatch caused by intermittent energy sources such as solar and wind. Chinese media outlet Yicai first reported that the deal, worth 4 billion yuan ($556 million), had been signed by Tesla, the local government of Shanghai and financing firm China Kangfu International Leasing, according to the Reuters news agency. Tesla said its battery factory in Shanghai had produced more than 100 Megapacks — the battery designed for utility-scale deployment — in the first quarter of this year. One Megapack can provide up to 1 megawatt of power for four hours. "The grid-side energy storage power station is a 'smart regulator' for urban electricity, which can flexibly adjust grid resources," Tesla said on Weibo, according to a Google translation. This would "effectively solve the pressure of urban power supply and ensure the safe, stable and efficient electricity demand of the city," it added. "After completion, this project is expected to become the largest grid-side energy storage project in China." According to the company's website, each Megapack retails for just under $1 million in the U.S. Pricing for China was unavailable. The deal is significant for Tesla, as China's CATL and carmaker BYD compete with similar products. The two Chinese companies have made significant inroads in battery development and manufacturing, with the former holding about 40% of the global market share. CATL was also expected to supply battery cells and packs that are used in Tesla's Megapacks, according to a Reuters news source. Tesla's deal with a Chinese local authority is also significant as it comes after U.S. President Donald Trump slapped tariffs on imports from China, straining the geopolitical relationship between the world's two largest economies. Tesla Chief Executive Elon Musk was also a close ally of President Trump during the initial stages of the trade war, further complicating the business outlook for U.S. automakers in China. The demand for grid-scale battery installation, however, is significant in China. In May last year, Beijing set a new target to add nearly 5 gigawatts of battery-powered electricity supply by the end of 2025, bringing the total capacity to 40 gigawatts. Tesla has also been exporting its Megapacks to Europe and Asia from its Shanghai plant to meet global demand. Capacity for global battery energy storage systems rose 42 gigawatts in 2023, nearly doubling the total increase in capacity observed in the previous year, according to the International Energy Agency.