Tesla Enters India With $70K Model Y, Opens Mumbai Showroom
This article first appeared on GuruFocus.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Tesla (TSLA): Barclays Reiterates $275 Price Target, Calls Earnings Setup ‘Confusing'
Tesla, Inc. (NASDAQ:) is one of the AI Stocks on Wall Street's Radar. On July 17, Barclays reiterated the stock as 'Equal Weight with a $275 price target. The firm said it is 'confused' ahead of Tesla earnings next week. Barclays is of the view that Tesla could outperform despite having weak fundamentals, particularly the company's autonomous vehicle narrative. 'The set-up for Tesla into 2Q EPS is confusing – similar to 1Q. However, net net we see potential for the stock to outperform. On the one hand, Tesla faces questions on increasingly weaker fundamentals. While we expect 2Q auto margin ex credits to be improved q/q, it will likely remain depressed vs prior years. And amid a soft 1H on 2025 volume, Tesla now is on track for a meaningful volume decline in 2025 (we forecast down 10%). The fundamental set-up is a sharp contrast to the elevated hopes from late 2024: whereas '25 consensus EPS was over $3.20 into the beginning of the year, it is now down to $1.84. Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Gizmodo
an hour ago
- Gizmodo
China's BYD Takes the Lead Over Tesla in the Self-Driving Car Wars
As the auto industry races toward autonomy, most companies are rolling out driver-assist features with one hand while handing out waivers, disclaimers, and legal fine print with the other. Not BYD. The Chinese EV giant just made an unprecedented move: it's offering a public, financial guarantee for its autonomous parking system. If the system malfunctions, even due to an algorithmic failure, BYD will cover all resulting damages, including repair costs, third-party property damage, and compensation for personal injury. 'We are first in the world to propose a guarantee for autonomous parking,' the company said in a statement posted on social media Weibo. 'Our move reflects absolute confidence in God's Eye ADAS.' It's a bold promise that could set a new global benchmark for how automakers take—or avoid—responsibility for their autonomous technology. While Tesla Warns, BYD Backs It Up The announcement draws a sharp contrast with Tesla, whose Full Self-Driving (FSD) system is still marketed as a beta feature. Despite its name, FSD requires full driver supervision, and Tesla repeatedly reminds users that they, not the company, are legally responsible for anything that happens on the road. BYD's stance flips that logic on its head. It's not just promising a smarter system; it's promising corporate accountability, a component that has been largely missing from the discussion around consumer-grade autonomy. This guarantee is being delivered via a simple over-the-air (OTA) software update, not as part of a flashy concept car. With the upcoming God's Eye B update, BYD will enhance scene recognition, active safety, and precision parking in all conditions, including new functions like three-speed parking, U-turn assistance, and bypass maneuvers. The First Real Liability Shift? BYD wants to establish legal and financial trust. For years, regulators and safety advocates have warned that carmakers were deploying autonomous features too quickly without clearly defining who is to blame when something goes wrong. BYD's pledge may be the first real-world test of shifting liability from the user back to the manufacturer. The move could have significant ripple effects. If one company is willing to put its money on the line for Level 4-style autonomous parking, will competitors be pressured to match that promise or risk being seen as reckless? China First, But Not for Long? For now, BYD's guarantee is limited to China. But the company's growing international presence, including its aggressive push into Europe and Latin America, raises a critical question: will BYD bring this liability pledge to Western markets? If it does, it could force U.S. and European regulators to reexamine how they treat self-driving technology. It would also put immense pressure on companies like Tesla, Mercedes-Benz, and GM to offer similar guarantees or risk appearing evasive to consumers. After all, if a Chinese automaker can afford to own the risk of its AI, what's stopping Silicon Valley's richest car company? The Bottom Line BYD is attempting to rewrite the rules of who owns the consequences when AI is driving the car. In a world where most automakers treat autonomy as a 'use at your own risk' feature, BYD's move is both rare and radical. They're not just betting on their technology; they're betting on earning your trust. And unlike Tesla, they aren't asking you to sign a waiver. They're asking you to believe them, with their wallet.
Gizmodo
an hour ago
- Gizmodo
Tesla Tries to Save the Cybertruck With Its Most Desperate Offer Yet
Less than two years after its hyped-up debut, Tesla is making an aggressive, almost desperate, move to salvage the Cybertruck, a vehicle widely seen as one of the biggest busts in recent automotive history. Faced with production woes, quality control nightmares, and underwhelming sales, the company has added its polarizing truck to a massive sales event, offering a powerful incentive it has historically reserved for its most loyal customers: a free transfer of its $12,000 Full Self-Driving (FSD) software. It's a stunning concession and a clear signal that the company is willing to sacrifice a significant revenue stream to get the angular, stainless-steel behemoths off of lots and onto the road. The offer, quietly added to Tesla's 'Current Offers' page, allows existing Tesla owners who have already purchased FSD to transfer that capability to a new Cybertruck, free of charge. For years, FSD was locked to the vehicle, not the owner. Making it transferable has been the single most requested feature from Tesla's loyal fanbase, and until now, the company had only offered it for its high-volume Model 3, Y, S, and X vehicles during brief promotional periods. Adding the Cybertruck to that list is a strategic gamble. On one hand, it's a powerful lure for the thousands of dedicated Tesla owners who might be on the fence about the unconventional truck. On the other, it's an admission that the Cybertruck cannot sell on its own merits. Tesla's Cybertruck Is a Bust The move comes amid a broader sales blitz as Tesla braces for the September 30 expiration of the $7,500 federal EV tax credit. The company is offering deep inventory discounts and 10,000 free Supercharging miles across its lineup. But the Cybertruck's inclusion in the FSD transfer promotion is unique, targeting the only group of people who might still be interested: the Tesla faithful. Since its launch, the Cybertruck has been plagued by problems. Early models were criticized for inconsistent panel gaps, susceptibility to rust spots, and a host of software glitches. More importantly, its radical design and high price point have failed to attract mainstream truck buyers, who continue to flock to established models like the Chevrolet's Silverado EV, which leans into a more conventional design. While Tesla does not release specific sales figures for the Cybertruck, industry analysts and registration data suggest that deliveries have fallen far short of initial projections. The truck is a rare sight on American roads, a far cry from the ubiquitous presence of the Model Y or Model 3. In the second quarter of 2025, Tesla sold just 4,306 Cybertrucks, down a staggering 50.8% from the 8,755 units it delivered during the same period last year, according to new data from Kelley Blue Book. By offering the FSD transfer, Tesla is essentially subsidizing the Cybertruck with its most profitable product. It's a short-term solution to a long-term problem: how do you sell a vehicle that the market seems to have rejected? For now, the answer appears to be leaning on the loyalty of existing customers and giving away the family jewels to close the deal. Whether it's enough to turn the tide for the beleaguered truck remains to be seen.
