Market Chatter: Tesla Starts Refunding Indian Customers Who Booked Model 3 in 2016

MT Newswires Live2025-04-26

Tesla's (TSLA) India office is refunding reservation fees to customers who booked the Model 3 in 2016, Bloomberg News reported Friday, citing emails from the company.

The emails reportedly state that the refunds are being issued due to the discontinuation of the older Model 3.

Tesla plans to contact customers again once it finalizes new launch plans for India, according to the report.

Previously, Tesla delayed entry into India due to the country's steep import taxes on automobiles, according to Bloomberg.

Shares of Tesla were up 9.8% in recent trading.

Tesla did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 284.92, Change: +25.41, Percent Change: +9.79

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