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Is Tesla a better opportunity than Indian automakers?


Published on 2024-11-27 23:41:06 - Thomas Matters, WOPRAI
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  • Elon Musk's Tesla holds out a lot of promise in the long run. Still, even the most loyal investors are worried about near-term fundamentals as the core electric vehicle business continues to struggle amid economic uncertainties.

The article from LiveMint discusses the potential impact of Tesla's entry into the Indian market on local automakers like Tata Motors, Maruti Suzuki, and Mahindra & Mahindra. It highlights that Tesla's CEO, Elon Musk, has been in discussions with Indian officials about setting up manufacturing in India, which could lead to increased competition in the electric vehicle (EV) sector. The article notes that while Tesla's entry could pressure traditional automakers, it might also spur innovation and growth in the EV market. Additionally, it touches on broader market trends, mentioning how AI and automation are influencing automotive stocks, and suggests that investors might consider buying stocks in companies that are adapting well to these changes. The piece also references comments by former US President Donald Trump on Tesla and Musk, indicating the political and economic implications of Tesla's global strategies.

Read the Full Mint Article at [ https://www.livemint.com/market/stock-market-news/tesla-indian-automakers-tata-motors-maruti-suzuki-mahindra-and-mahinda-elon-musk-donald-trump-ai-auto-stocks-to-buy-11732615808441.html ]

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