Tesla looks to cheaper model as revenue suffers worst drop in over a decade
Wednesday, 23 July 2025 () Tesla has started limited production on a cheaper model in a bid to boost sluggish demand after revealing its worst slump in quarterly sales for over a decade.
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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