Tesla’s Stock Drops as India Sales Report a Slow Start
Tesla’s stock recently took a hit, and it comes at the same time as a new report on its sales in India. The report says that since launching in mid-July, the company has received only about 600 orders. While this number seems low, it’s just one piece of a bigger puzzle, as Tesla’s stock is still performing well overall because of its AI and tech efforts.
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A Slow Start in India
According to a report, Tesla has taken only about 600 orders for its cars in India. This is not a lot, especially for a brand with such a global reputation. The company has not yet commented on these numbers. This news adds to the challenges Tesla is facing this year, with a drop in sales in key markets.
Global Sales and Profit Dip
The company’s sales figures for the first half of 2025 show a bigger trend. Tesla sold about 721,000 cars worldwide, which is a 13% drop compared to last year. In the US, sales are down by 11%, and the company’s market share in the EV space has also decreased to about 45%. This drop in sales has led to a lower operating profit of around $1.3 billion, down from $2.8 billion last year.
Why Investors Still Trust Tesla
Despite the drop in sales and profits, Tesla’s stock is still up by about 56% over the past year. This is because investors are focused on the company’s AI and other technology. Elon Musk’s company recently launched a small fleet of AI-powered robotaxis in Austin, Texas. This shows that the market is valuing Tesla as a tech company, not just a carmaker.
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