Stock Performance Boosted by India Expansion
Tesla’s share price advanced after the company confirmed an aggressive push into India’s growing electric vehicle sector. The strategy includes building a local charging network and leveraging government incentives aimed at EV adoption. Analysts view the move as a way to tap into a youthful, increasingly affluent market.
The stock’s recent uptick also aligns with broader market momentum, with technical indicators showing a short-term breakout and strong buying pressure.
Key Executive Leaves After Nearly a Decade
Piero Landolfi, Tesla’s director of service for the North American market, has resigned after nearly nine years. He will join Nimble, a company specializing in AI-driven robotics and autonomous e-commerce technology, as senior vice president of operations.
His departure adds to a string of recent high-level exits, including former North American sales head Troy Jones, manufacturing leader Omead Afshar, Optimus robotics project chief Milan Kovac, battery executive Vineet Mehta, and software head David Lau.
Ongoing Operational and Financial Pressures
Tesla recently reported its largest quarterly sales decline in over a decade, alongside profits that fell short of Wall Street expectations. Vehicle manufacturing margins were stronger than anticipated, but CEO Elon Musk warned that reduced federal EV incentives could impact results in the coming quarters.
Musk remains optimistic about long-term revenue growth from self-driving software and related services, with significant gains projected beginning in late 2026.
Analyst Outlook and Price Targets
Wall Street sentiment toward Tesla remains mixed. Over the past three months, analysts have issued:
- 14 Buy ratings
- 15 Hold ratings
- 8 Sell ratings
The average price target stands at $307.23, representing a potential 9.7% downside from current levels.
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