Vice Admiral Dinesh K Tripathi has been appointed as the next Navy chief, succeeding Admiral R Hari Kumar. With a distinguished career spanning various command.. IndiaTimes
Tesla Sales Drop , More Than Expected.
The automaker has posted its first yearly drop in sales since the onset of the pandemic, CNN reports. .
The company reportedly built
433,000 units but only delivered 387,000.
That's significantly less than the 484,507 vehicles
it delivered in the last three months of 2023.
Tesla shares fell 5% on April 1. .
Tesla partially attributed the sales
drop to increased production of the
updated Model 3 at its factory in Fremont.
The company also cited factory shutdowns caused by ships being diverted from the Red Sea because of attacks by Iran-backed Houthi militants, CNN reports.
The company also cited factory shutdowns caused by ships being diverted from the Red Sea because of attacks by Iran-backed Houthi militants, CNN reports.
Additionally, its factory in Germany shut down for a week because of an arson attack. .
Increased competition from brands such as
China's BYD have also impacted sales, CNN reports. .
Increased competition from brands such as
China's BYD have also impacted sales, CNN reports. .
Wedbush Securities analyst Dan Ives
referred to Tesla demand in China as
"very soft coming out of the gates for 2024.".
While we were anticipating a bad first
quarter, this was an unmitigated
disaster that is hard to explain away, Wedbush Securities analyst Dan Ives, via note to clients.
We view this as a seminal moment
in the Tesla story for Musk to either
turn this around and reverse the
black eye first quarter performance. , Wedbush Securities analyst Dan Ives, via note to clients.
Otherwise, some darker days could
clearly be ahead that could disrupt
the long-term Tesla narrative, Wedbush Securities analyst Dan Ives, via note to clients
Credit: Wibbitz Top Stories Duration: 01:30Published
The Iran-backed Houthi group warns countries against participating in US strikes on Yemen, threatening retaliation. Mohammed Ali al-Houthi, of the Supreme Political Council, labels US actions as unjustified and demands an end to attacks. The group has targeted vessels in the Red Sea and Gulf of Aden. Despite ongoing violence, peace talks continue, with a call for Saudi Arabia to support peace efforts.
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Prime Minister Narendra Modi reflected on the widely-discussed "classic handshake" between US President Joe Biden and Saudi Crown Prince Bin Salman, where he.. IndiaTimes
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Kerala crowdfunding saved man on Saudi death row with Rs 34 crore. Contributions varied from workers to expats. Deadline April 16. Rahim's accident caused.. IndiaTimes
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