Latest news with #EV
Business Upturn
an hour ago
- Business
- Business Upturn
Ola Electric shares drop 8% in last two days on profit booking
Ola Electric shares have slipped around 8% over the past two trading sessions amid profit booking, after a strong rally driven by better sequential earnings and an optimistic FY26 guidance. As of 10:58 AM, the shares were trading 2.61% lower at Rs 42.95. On Wednesday, the stock opened and hit a high of ₹44.48, before dipping to a low of ₹42.61. The stock remains far below its 52-week high of ₹157.40, though still above its 52-week low of ₹39.60. The recent rally, nearly 20%, was sparked after the EV maker projected robust FY26 guidance, including expected gross margins of 35–40% supported by the PLI scheme. Ola Electric anticipates sales volumes between 3.25 and 3.75 lakh units and revenue in the range of ₹4,200–4,700 crore, despite forecasting a narrow revenue growth band of -7% to +4%. Adding to investor optimism, the company also announced the start of production for its in-house 4680 battery cells, with first deliveries expected around Navratri. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
an hour ago
- Automotive
- Yahoo
Tesla (TSLA) Gets $285 PT, Neutral — Goldman Flags Weaker U.S. EV Demand
Tesla, Inc. (NASDAQ:) is a. On July 11, Goldman Sachs analyst Mark Delaney lowered the price target on the stock to $285.00 from $315 while maintaining a 'Neutral' rating. The rating comes as part of a broader research note on the U.S. Autos and Industrial Tech industry. In a research note, the analyst told investors that they are raising their US auto forecast to reflect more measured tariff levels than what had been proposed originally. This is despite that it still anticipates auto sales in the US to slow down in the second half after people bought early to avoid tariffs. The firm anticipates US auto sales at 15.75M and 15.50M units in 2025 and 2026, respectively, whereas its prior forecast was 15.40M and 15.25M. 'However, we lower our expectation for EV (BEV) mix in the US to better reflect company-specific datapoints (in particular weaker sales at Tesla, which has accounted for roughly half of the US BEV market historically, but also more flexible EV targets and/or slower EV sales from Ford, GM, and Rivian).' Pixabay/Public Domain In other news, Elon Musk said on Monday, July 14, that he does not support a merger between xAI and Tesla. X account @BullStreetBets_ asked Tesla investors on the site if they support a merger between Tesla and xAI. Musk responded with 'No.' 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 al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
The Independent
an hour ago
- Automotive
- The Independent
How This Car Gets Amazing Aerodynamics With Hidden Features!
The DS No. 8 is bold, built for range, and, well... quite posh! Steve Fowler gives his verdict on this striking new EV from France. In this episode of Drive Smart, EV Editor Steve Fowler gets up close with the new DS No. 8, a premium electric SUV from DS Automobiles. It's bold in both design and ambition — offering standout range and a luxury interior. But is it all style over substance? And will UK drivers embrace its daring looks?
The Independent
an hour ago
- Automotive
- The Independent
Fiat Grande Panda EV Review – Nostalgia, Recharged
Fiat brings back an icon — but does the new all-electric Grande Panda live up to the legend? Steve Fowler gives his full verdict after a hands-on review and test drive. In this episode of Drive Smart, The Independent 's EV Editor Steve Fowler takes the all-new Fiat Grande Panda EV for a spin. With its retro-inspired design and compact practicality, this modern remake of the iconic Panda aims to blend nostalgia with next-gen city driving. But is it just style, or is there substance too? Watch more from Drive Smart on Independent TV.
The Independent
an hour ago
- Automotive
- The Independent
Tesla debuts in India with a whopping $79,000 Model Y variant
Tesla Inc. has opened its first showroom in India, marking the vehicle maker's long-anticipated debut in the world's third-biggest automotive market. Located in the Bandra-Kurla Complex, an upscale business center in the financial capital of Mumbai, the showroom will serve as Tesla 's flagship retail and experience outlet as the company introduces its EV lineup to Indian customers. Tesla's entry to India comes after years of delays and policy friction, marking a pivotal expansion in a fast-growing consumer base while global sales are plunging and the company faces challenges in its two core markets, China and the US. Tesla launched its Model Y in India as the US automaker, grappling with slowing sales, bets on prospects in a country that company boss Elon Musk has long criticised for its high import tariffs. Tesla has begun accepting orders for its Model Y on the company website. For India, Tesla's entry signals rising investor confidence and strengthens its move towards clean mobility. Maharashtra chief minister Devendra Fadnavis, while inaugurating the store, said: 'This is not just the inauguration of an experience centre but a statement that Tesla has arrived, in the right city and state, that is Mumbai, Maharashtra. Mumbai stands for innovation and sustainability.' With deliveries estimated to start from the third quarter, Tesla is targeting a niche electric vehicle segment in India that accounts for just 4 per cent of overall sales in the world's third-largest car market. The base price of the Y model is Rs6.78m or $79,000 for the long-range, rear-wheel drive vehicle, according to a presentation by the company. By comparison, the price tag is around $44,990 in the US without a federal tax credit. The government wants to change that and increase the electric vehicle share to 30 per cent by 2030. Sales of Tesla electric cars fell sharply from April to June as boycotts over Musk 's political views continued, keeping buyers away. Tesla will compete mainly with German luxury giants such as BMW and Mercedes-Benz rather than domestic mass-market EV players such as Tata Motors and Mahindra. The company will import cars into a country where tariffs and related duties can exceed 100 per cent, driving up the price for consumers. Grappling with excess capacity in global factories and declining sales, Tesla has adopted a strategy of selling imported vehicles in India, despite the duties and levies. The EV maker has long lobbied India for lower import tariffs on cars, and prime minister Narendra Modi's officials remain in talks with US president Donald Trump's administration to lower the levies under a bilateral trade deal. Musk invited Indians in April 2016 to preorder the upcoming Tesla Model 3. Several customers placed an order but the cars never arrived and the booking amount had to be refunded. Despite his earlier enthusiasm, in 2019 Musk expressed concern in a post on his social media platform X that import taxes could double prices of Tesla cars, making them 'unaffordable'. Tesla pressed Indian authorities to cut import taxes on EVs to be able to test the local market, but New Delhi wanted Tesla to set up manufacturing facilities so a comprehensive policy could benefit all the players in the sector. The dynamics changed after Modi and Musk met in the US in February during the prime minister's state visit.
