Tesla of Elon Musk Will Get Fat Trauma, Its Gross Sales Release Greater Than 13 %, byd

Tesla, one of the large companies in the market of electric vehicles (EV), has suffered a major setback. In the second quarter of this year, the company has sales of 3,84,122 units of EV. This is a decline of more than 13 percent on a year-on-year basis. Tesla is getting a tough competition from China’s byd and other EV makers.

EVS demand has declined due to concern about tariffs in the US and the possibility of ending tax credit on electric vehicles in the US. The company’s condemnation of the policy of American President Donald Trump has also been affected by the company’s sales. Musk gave a donation of more than $ 27 million to promote Trump during the election in the US. In the last few weeks, criticism of Trump’s tax and expenditure on spending has increased difficulties for Musk. This also led to demonstrations against Tesla. It has also affected the sales of the company.

After taking charge, Trump also gave Trump the responsibility of the Department of Government Efficiency. Recently Musk left this position. Tesla’s share price has also declined significantly in the last few months. Last month, Trump also warned of cancellation of government contracts received by Musk’s companies. America is a major market for Musk’s companies. This can affect the billions of dollars of contracts of Musk’s rocket company Spacex. Apart from this, difficulties may also increase for Tesla.

Due to decrease in sales in large markets like America and China, the company has planned to enter new markets like India. The company may soon start business in India. Tesla’s first showroom in the country may soon open in Mumbai. For the past few months, the company has also been hiring for its business. Tesla is seeing a lot of possibility for itself in the world’s third largest automobile market in India. The company’s model Y can be launched initially in the country. Tesla plans to import EV in India initially.