Elon Musk's Tesla is finally plugging into the Indian market, opening its first experience centre in Mumbai’s Bandra Kurla Complex on July 15. Despite steep import tariffs, the EV giant is betting on growing demand to power its India journey.

Tesla shares sank Monday after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump.

Tesla's tough start to 2025 continued into May, with European sales following a downward spiral.  What's happening? According to Carscoops, Tesla has seen a 37.1% decrease in sales across Europe in 2025 and a 27.

Under the new legislative action, a tax break will be implemented for all vehicles assembled in the United States, regardless of where their parts are sourced, as long as the final assembly occurs domestically. With this in mind, Tesla is perfectly positioned to qualify its customers for this benefit.

Shares in Tesla tanked by as much as 7.6% in premarket trading Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from US President Donald Trump.

Detroit automaker General Motors has accelerated EV sales and market share while Texas-based Tesla cratered this spring due to criticism of Musk.

Elon Musk-led Tesla is set to launch its first showroom in India next week, choosing Mumbai as its entry point, reported newswire Reuters, citing a launch invitation to the media. The carmaker has already brought in $1 million worth of vehicles and merchandise, signalling its debut in the world’s third-largest automobile market, the report said.

New legislation in the United States would make it even less affordable to buy electric vehicles. *Stock prices used were the afternoon prices of July 5, 2025. The video was published on July 7, 2025.