Tesla investor Ross Gerber told Insider why he’s grown more bullish on the stock. Tesla’s move into advertising and the new Twitter CEO bode well for shareholders, he said. “You gotta own Tesla in your portfolio with Elon re-focused,” Gerber said. Ross Gerber has never shied away from giving an honest take on Tesla or … Read more
Kevin O’Leary said Tesla’s Cybertruck has a “really ugly look” but demand is high. He also told Yahoo Finance that the forthcoming vehicle has strong potential margins. “I want one. I think they’re nuts. And I think it will be a lot of fun to drive a tank,” O’Leary said. “Shark Tank” star Kevin O’Leary … Read more
Experts say there is a method to Elon’s madness on pricing changes. The latest price hikes could mean Tesla is done lathering on the discounts for now. Tesla has more flexibility to change prices in real time than its competitors. Elon Musk is changing his mind about Tesla pricing – again. Tesla shoppers, investors, and … Read more
Americans are getting more divided on electric vehicles. While EVs gain market share, more and more people say don’t want one as their next car. Factors repelling buyers from EVs include long charging times, lack of charging stations, and high pricing. Battery-powered cars seem like the next big thing, but a growing portion of Americans … Read more
Mahindra & Mahindra (M&M) is currently undergoing an extensive reorganisation exercise. It recently, Separated out the Passenger EV business Sold stake in the renewable business Partnered Actis to develop warehousing Now it has announced separating out the Last Mile Mobility Business and is also raising external funding in it from IFC. Last mile mobility business … Read more
Funds affiliated with Blackstone were classified as promoters and held 20.50% in the Sona Comstar before this transaction. Blackstone has now sold off this final balance 20.5% @ Rs 410/ share aggregating to Rs 4,917 cr through open market bulk deals Buyers included Foreign Institutional Investors, Sovereign Wealth Funds, Domestic Mutual Funds and Insurance. companies. … Read more
Electric Vehicles (EV) continues to attract investors’ attention. Now Tube Investments of India (TII) has announced fund raising in it’s wholly owned subsidiary, TI Clean Mobility Private Limited (TICMPL). TICMPL, a recent initiative of TII, is focused into manufacture and marketing of Electric Three Wheelers and through it’s subsidiaries into Electric Tractors and Electric Heavy … Read more
Tata Motors on Monday signed a memorandum of understanding (MoU) with ride-hailing platform Uber to induct 25,000 XPRES-T electric vehicles into its premium category service in India. The collaboration represents the largest EV partnership yet between an automaker and a ridesharing platform in the country. In July 2021, Tata Motors launched the ‘XPRES’ brand exclusively … Read more
Discovery of 5.9 million tonnes of lithium reserve in Jammu and Kashmir’s Reasi District is a major step in reducing India’s dependence on import of EV batteries, laptops, mobile phones, etc. The reserves can help cater to India’s lithium demand for its growing EV industry. But one needs to look from a bird’s eye-view to … Read more