Tesla Could Find An Even Bigger Market In India Than China, Says Analyst

benzinga2021-05-20

Tesla Inc.’s entry into the Indian market could give the electric vehicle maker a big boost and the market could eventually be even bigger than China, according to Roth Capital Partners analyst Craig ...

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Comments

AntDee
2021-05-20
AntDee
Nice
BurmeseTrade
2021-05-20
BurmeseTrade
Finally some good news!
yooniique
2021-05-20
yooniique
like and comment please
WuM
2021-05-20
WuM
Like and comment please!
- yooniique:
  ????
Sena11
2021-05-20
Sena11
Market is big but will the people willing to buy Tesla?
- JJQ:
  ? Exactly! How many will buy? But maybe a few years later...
- Shirron:
  same sentiments
Ngkm
2021-05-20
Ngkm
Yes

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And that market will be just as big as China, maybe even bigger, in the long-run,” IrwintoldYahoo Finance during a discussion about the electric vehicle industry.The analyst also noted that Tesla’s valuation is more sentiment-driven than based on fundamentals, and the sentiment has been impacted by recentadverse eventsin China,Apple Inc.’s reported dealwith LG Electronics Inc. for the Apple Car, and Musk’s flipflop on apex cryptocurrency Bitcoin(BTC).Why It Matters:Tesla has recently made several moves as part of its plan to enter the Indian market, including hiringlocal talentsto oversee its operations in the country. India’s huge market holdssimilar potentialfor Tesla as China does.It wasreportedin April that Tesla is planning to open its first showroom and an office in Mumbai, India’s financial capital.The Palo Alto-based company has already registered its headquarters in the southern Indian city of Bengaluru.India is also reported to haveoffered incentivesto Tesla to produce electric vehicles in the country to compete with China’s cost of production.Price Action:Tesla shares closed almost 2.5% lower in Wednesday’s regular trading session at $563.46 and further declined 0.9% in the after-hours session to 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is big but will the people willing to buy Tesla?","listText":"Market is big but will the people willing to buy Tesla?","text":"Market is big but will the people willing to buy Tesla?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/130013065","repostId":1154533214,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4388726,"gmtCreate":1621497849273,"gmtModify":1680789882811,"authorId":3571627110799155,"author":{"id":3571627110799155,"authorId":3571627110799155,"name":"JJQ","avatar":"https://community-static.tradeup.com/news/56f38f5ea7b683e48c466bc341ca6d33","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 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Exactly! How many will buy? But maybe a few years later...","text":"? Exactly! How many will buy? But maybe a few years later...","html":"? Exactly! How many will buy? But maybe a few years later..."},{"id":4388424,"gmtCreate":1621494682680,"gmtModify":1680789874486,"authorId":3580341549267327,"author":{"id":3580341549267327,"authorId":3580341549267327,"name":"Shirron","avatar":"https://static.tigerbbs.com/df7d4c61495981213747b5b050907306","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130013065,"type":1,"supId":0,"prevId":0,"content":"same sentiments","text":"same sentiments","html":"same sentiments"}],"langContent":"EN"},{"id":130097380,"gmtCreate":1621492914340,"gmtModify":1704358517467,"author":{"id":"3561617625637265","authorId":"3561617625637265","authorIdStr":"3561617625637265","name":"Ngkm","avatar":"https://static.tigerbbs.com/204f6686cecdce74cf5f5a9a6eda6041","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3561617625637265"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130097380","repostId":1154533214,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":26,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1154533214"}