Tesla, a leading EV manufacturer, has started producing right-hand drive cars for the Indian market in its Berlin factory. The company is also scouting locations in India for manufacturing vehicles for the wider developing world.
Tesla deliveries recorded an 8.5% decline in the first quarter of 2024 compared to 2023, the first decline since the pandemic caused production halts in Q2 2020
Tesla Sales: Net income more than doubled from the previous year to USD 7.9 billion, including a USD 5.9 billion noncash gain related to deferred tax assets. Tesla said lower raw material costs and U.S. government credits helped lower cost-per-vehicle, but Cybertruck production and AI and other research projects increased costs.