Tesla has officially entered India, launching its first showroom at Mumbai’s BKC with the Model Y on display. Priced at ₹61 lakh on-road, the Model Y marks Tesla’s push into India’s luxury EV space. Initially imported from Berlin, Tesla’s India debut has sparked praise and criticism—Donald Trump slammed the move as “unfair” due to U.S. export tariffs. While Indian officials welcome the launch, local automakers fear disruption. Tesla’s arrival may accelerate EV adoption and reshape India’s electric vehicle policy landscape.
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Donald Trump lashed out at Elon Musk after the Tesla CEO launched his new “America Party,” calling the move “ridiculous” and branding Musk a “train wreck.” Trump warned Musk’s third-party push would hand Democrats an advantage and undermine GOP unity. Musk fired back, condemning both major parties as corrupt and vowing to shake up Congress in 2026. The clash escalates as Trump celebrates his anti-EV mandate bill and accuses Musk of personal lobbying and political chaos.
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Car industry needs to ‘shape up’ to compete with Chinese EVs, says Volvo CEO
“There is really no protection in the form of tariffs. The only protection for our industry is that we shape up and we need to be more competitive,” Volvo’s CEO told Euronews.
READ MORE : http://www.euronews.com/2025/07/07/car-industry-needs-to-shape-up-to-compete-with-chinese-evs-says-volvo-ceo
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Credit: euronews (in English) Duration: 08:00Published
Tesla shares plunged 14% Thursday, erasing $150 billion in market value, as Elon Musk’s feud with Donald Trump escalated publicly. Investors fear the fallout could jeopardize Tesla’s regulatory future, particularly its self-driving and robotaxi ambitions. Musk accused Trump of ties to the “Epstein files” in a shocking post on X. Trump retaliated, blaming Musk’s EV losses. With federal scrutiny already looming over Tesla’s FSD system, the clash could cost Musk more than stock value—it could derail Tesla’s future altogether.
#ElonMusk #DonaldTrump #Tesla #StockCrash #Robotaxi #FSD #TeslaNews #EVMarket #TrumpVsMusk #AIcars #AutonomousVehicles #XPlatform #EpsteinFiles #PoliticalClash #TechNews #EconomicShock #InvestorsAlert #WallStreet #TeslaCrash #RegulatoryRisk #SelfDriving #USPolitics #WhiteHouse #TrumpFeud #TeslaStock #BreakingNews #MarketUpdate #AIcars #MuskTweet #EVRegulation #FullSelfDriving
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The Musk–Trump alliance has exploded into public hostility. In a shocking post on X, Elon Musk accused Donald Trump of being named in the “Epstein files,” claiming that’s why key documents haven’t been released. The White House dismissed it as politically motivated amid disputes over EV subsidies. Trump hit back, blaming the fallout on the end of “EV mandates” and suggesting cutting Musk’s federal contracts. As accusations fly and no evidence emerges, one of the most powerful political-tech alliances in America is now in ruins.
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Donald Trump has slapped 25% tariffs on Japan and South Korea, warning both nations to “build in the USA or pay up.” With a July 9 deadline looming, Trump’s letters threaten even steeper tariffs if Tokyo or Seoul retaliate or refuse trade deals. He blames long-standing U.S. trade deficits on “unfair policies.” Investors reacted sharply—Nissan shares tumbled over 7%. As tariff tensions rise, Trump promises fast-track approvals for companies shifting production to the U.S., intensifying global trade war fears.
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