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Tesla and India get the latest chapter in their story with new interest

Credit: Narendra Modi | Twitter

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Tesla appears to be trying to launch in India once again after the company has toed the line of establishing a presence there for several years.

It seemed to be all over as Tesla had seemed to put any expansion of manufacturing for electric vehicles on pause, at least in terms of a new location. However, things might be turning around once again.

A new report from Reuters now says that two sources have confirmed that Tesla is once again looking for showroom space in New Delhi.

This could be a hint that Tesla might be considering manufacturing its vehicles in India. The country is one of the strictest in terms of importing cars from other markets, so Tesla would ideally build their cars domestically.

Tesla is reportedly in talks with DLF, a leading real estate development firm in India, to find and secure space for a showroom in the capital region, the sources said, according to the report.

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This is in no way a guarantee that the automaker will find a property and launch a vehicle showroom in India. The company has talked a big game in the past in terms of establishing a presence in the country, only to come up short and decide that it would be better to wait.

Tesla keen on three states for India expansion — if it ever happens

Tesla CEO Elon Musk said that the company would invest in India during a meeting in 2023 in New York with Indian Prime Minister Narendra Modi, who has had a good relationship with Musk for years.

“I am confident Tesla will be in India, and we’ll do so as soon as humanly possible,” Musk said in 2023. “Hopefully, we’ll be able to announce something in the not-too-distant future. We don’t want to jump the gun on an announcement,” he added, “but it’s quite likely that there will be a significant investment and relationship in the future.”

Need accessories for your Tesla? Check out the Teslarati Marketplace:

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Please email me with questions and comments at joey@teslarati.com. I’d love to chat! You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Bizarre Tesla Cybertruck attacker in South Korea arrested and detained

The man is also accused of assaulting several people and damaging other vehicles during the incident.

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Credit: Tesla

A man who attacked a Tesla Cybertruck in South Korea’s Gangnam district has been arrested and detained.

As per reports, the man is also accused of assaulting a person and damaging several other vehicles during the incident.

The Incident

As per authorities, the suspect, who is in his 30s and is dubbed “Mr. A.” (suspect names are typically not disclosed in South Korea to protect privacy and prevent possible prejudice), allegedly assaulted a hotel employee on the morning of the 15th. 

Following the assault on the hotel employee, the suspect reportedly knocked over a delivery motorcycle. He then went over and kicked a Tesla Cybertruck that was owned by a nearby medical facility. One of the all-electric truck’s side mirrors was damaged due to the attack. 

As per a News 1 Korea report, Mr. A. has also been accused of kicking four BMW vehicles at a nearby auto shop. The BMWs’ passenger side doors were damaged by the suspect.

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Charges and Arrest

As per the Seoul Gangnam Police Station in an announcement, an investigation into the incident is underway. The suspect was arrested on charges of special assault, property damage, and obstruction of business.

Authorities apprehended Mr. A. in Seongnam, Gyeonggi Province, on the 18th. An arrest warrant from the court was released the day after, on the 19th.

Cybertruck Attacks

The Tesla Cybertruck attack in South Korea is quite bizarre as the suspect assaulted both people and vehicles during the incident. The incident, if any, seems to be quite different from the attacks on Teslas that have been reported in the United States and Europe, which seemed to be political in nature and a response to CEO Elon Musk’s close relationship with President Donald Trump.

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Barclays cuts Tesla price target, questions Musk’s White House role

Barclays cuts Tesla price target and warns that Elon Musk’s Trump ties are a “code red” for the TSLA’s brand. 

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(Credit: Tesla Europe & Middle East/X)

Tesla’s (NASDAQ:TSLA) stock price target was slashed 15% by Barclays to $275 from $325. Barclays analysts cited weaker fundamentals and challenges in achieving 2025 unit volume growth as reasons for cutting Tesla’s price target. The firm retained an equal weight rating on TSLA, noting that CEO Elon Musk could shift sentiment during the upcoming Q1 earnings call.

Barclays believes Musk’s discussion of Tesla’s robotaxi launch in June could overshadow short-term issues, stating, “good narrative could outweigh weak fundamentals.” The investment bank also commented that Musk’s work with the Trump Administration has become a “code red situation” for Tesla.

Musk’s involvement with President Trump and his administration has caused some waves in the perception of the Tesla brand. Other investment firms also see Musk’s work with the U.S. government as negative for Tesla.

Wedbush Securities’ Dan Ives urged Musk to prioritize his CEO role over government involvement. “We also would expect Musk to address his role in the Trump Administration and will be asked about if he plans to stay in an advisory role for the White House,” Ives said. The Wedbush analyst emphasized that Musk must “lay out the timeline/hard facts” for autonomous vehicles, robotics, and production on Tesla’s “new lower-cost vehicle.”

“We view this as a fork in the road time: if Musk leaves the White House, there will be permanent brand damage… But Tesla will have its most important asset and strategic thinker back as full-time CEO to drive the vision, and the long-term story will not be altered. If Musk chooses to stay with the Trump White House, it could change the future of Tesla, and brand damage will grow. A huge week ahead for Musk, Tesla, and investors,” Ives wrote in a note.

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Tesla’s stock has faced pressure from Musk’s government ties, tariffs, and lower-than-expected deliveries. However, Benchmark analyst Mickey Legg countered the pessimism, arguing that current concerns over Tesla are exaggerated given the company’s future prospects.

“We believe the recent stock pullback and sales declines, while significant, are overblown considering the near-term issues impacting the company and the scope of opportunities around the corner. After appreciating over 90% to a high of $488 after the Presidential election, the stock has pulled back to sub-$300 levels,” Legg wrote in a note earlier this month.

The Benchmark analyst urged investors to focus on catalysts like robotaxis and new vehicle models. As Tesla’s earnings approach, Musk’s leadership and strategic clarity will be pivotal in addressing investor concerns and shaping the company’s trajectory.

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Tesla Model Y seen testing under wraps in India ahead of launch

Tesla appears to be getting closer to launching vehicle sales in India, as a few wrapped Model Y units have recently been spotted.

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Following years of back and forth between Tesla and the Indian government, the automaker is finally expected to launch sales in the country in the coming months, and one of the company’s vehicles was spotted testing over the weekend.

On Sunday, a privacy-wrapped Model Y was seen driving in India and was posted on Reddit, as Tesla prepares to debut vehicle sales in the country for the first time. The news comes a little over a month after Tesla began certifying the Model Y and Model 3 for sale in the country, and as the U.S. manufacturer gets ready to launch the nation’s first store in Mumbai.

The appearance of the refreshed Model Y comes just a few days after another recent sighting in the country, in which a wrapped unit was seen driving on the Mumbai Pune Express Way.

Credit: shameelck | Reddit

READ MORE ON TESLA INDIA: Elon Musk, President Trump share interesting dialogue regarding Tesla Gigafactory India

Tesla’s vehicles can regularly be seen under privacy wraps such as this one ahead of their launch, often with the company’s vehicles before they’re officially unveiled. As such, many have speculated following the sighting that Tesla could either be preparing to launch the RWD variant launched in some markets in recent weeks, or the Performance version of the SUV, which is widely expected to debut sometime this year.

According to local reports, Tesla also signed a five-year lease on Mumbai store at the Bandra Kurla Complex, while a second store is expected to open near the New Delhi airport at Aerocity. Meanwhile, Tesla has also been hiring for the stores in recent months, along with holding a recruitment day in Mumbai last month.

Much of the delay on Tesla’s entry into India came from the country’s high import tariffs on vehicles and other products, while one of the government’s conditions for the country selling cars there was to utilize local suppliers. Last month, a rumor started circulating suggesting that Tesla was partnering with automotive company Tata Group for the local production of components such as castings, forgings, electronics, and more.

Tesla India: Thousands of cars set to hit Mumbai in coming months, claims report

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