Electric car maker Tesla is coming to India. Tata Motors has benefited the most from this news.
In the past, Union Minister Nitin Gadkari had told that Tesla, an electric car maker, is coming to India. It is believed that Tesla may come to India in the second half of this year. Tata Motors has benefited the most from this news.
Actually, Tesla is believed to be partnering with Tata Motors for business in India. There is talk that Tesla has found Tata’s infrastructure most suitable for launching its electric car in India. However, so far neither Tata Motors has confirmed it nor has any official statement come from Tesla. However, BSE has sought an answer from Tata Motors on this.
Tata shares at 52-week top:
If we talk about Tata Motors shares, it is at a 52-week high. Tata Motors shares have reached Rs 250 on the BSE index. At the same time, when it comes to market cap, it has reached beyond 75 thousand crore rupees. In the last 8 trading days, the company has risen by about 32 per cent.
Retail Sales Improvement:
The good thing for Tata Motors is that retail sales have also improved. The company’s retail sales stood at 1.28 lakh units in the December quarter. This is 13.1% higher than the sales of 1.13 lakh units in the previous quarter.
Elon Musk’s big drop in assets:
Meanwhile, Tesla CEO Elon Musk saw a drop in assets on Tuesday. According to the Bloomberg Billionaires Index, Musk’s assets have decreased by about $ 16 billion to $ 194 billion.
However, despite this he remains the world’s richest man. At the same time, Forbes magazine claimed that Elon Musk has again slipped to second place. In the first place, Jeff Bezos, the founder of Amazon, has taken over again.