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United News of India

Tesla's global sales decline amid Musk-linked controversies

Business Economy New Delhi, July 5 (UNI) Tesla reported a significant fall in its sales amid tightening EV (electric vehicle) competition. The sudden decline is also attributed to CEO Elon Musk's political controversies. This fall in sales is reported to be the organisation's biggest yearly decline, accounting for a significant reduction in its vehicle sales for the second quarter. Seth Goldstein (Senior equity analyst at Morningstar) said, 'The market is reacting to deliveries not as bad as pointed out by some analysts who are cutting their forecasts.' Earlier on, Musk pointed to low first-quarter sales due to the company shutting down its lines of operations and preparing for the launch of Model Y. Moreover, Tesla remains a driving force of the EV (electric vehicle) market, apart from the launch of EVs by top manufacturers like Ford and Chevy. Reportedly, Tesla is now focusing more on self-driving technologies and robots. The automation major has also tested its robotaxis smoothly in Austin, Texas. UNI SAS RN More News US new job additions reduce pressure from the Federal Reserve 05 Jul 2025 | 7:37 PM New Delhi, July 5 (UNI) The latest addition of fresh jobs in the US economy has reduced the pressure from the Federal Reserve. It has allowed the central banking system of the United States to reconsider the cut in interest rates. see more.. FIEO to hold event on GST for exports and trade finance in Hyd on July 25 05 Jul 2025 | 7:27 PM Hyderabad, July 5 (UNI) Federation of Indian Export Organisations (FIEO) is organising a Programme o­n GST for Exports and Trade Finance at FTCCI Surana Auditorium, FTCCI, here on July 25. see more.. Tesla's global sales decline amid Musk-linked controversies 05 Jul 2025 | 6:33 PM New Delhi, July 5 (UNI) Tesla reported a significant fall in its sales amid tightening EV (electric vehicle) competition. The sudden decline is also attributed to CEO Elon Musk's political controversies. see more.. Godrej Consumer Products Sees Strong Q1 FY26 Growth In Home Care Segment 05 Jul 2025 | 5:12 PM Mumbai, July 5 (UNI) Godrej Consumer Products Ltd (GCPL) released its quarterly business update for Q1 FY26 here on Saturday according to which steady growth momentum has been observed in the company's standalone and global business operations, especially in home and international markets. India negotiating trade deals guided by national interest, not under pressure: Piyush Goyal 05 Jul 2025 | 4:50 PM Bengaluru, July 5 (UNI) Union Commerce and Industry Minister Piyush Goyal today said India is now negotiating international trade agreements with confidence and strength, unlike the previous Congress and UPA governments that signed deals which did not align with national interest. see more..