Tesla Inc. TSLA –.–% Mumbai, India – Tesla Inc. is set to make its long-awaited debut in India next week, officially entering the world’s third-largest automobile market with the opening of its first showroom in Mumbai. The U.S. electric vehicle (EV) pioneer will unveil its new Tesla Experience Center on July 15, located at the upscale Maker Maxity Mall in the Bandra Kurla Complex (BKC), Mumbai’s premier business district. According to an event invitation obtained by The NY Budgets, the launch event will run for approximately 90 minutes, marking a significant milestone for the company and Indian EV enthusiasts alike. The new Experience Center will showcase Tesla’s flagship EVs,…
Author: Lara Jhonson
Detroit, MI – Ford Motor Co. is facing a persistent supply shortage of rare-earth magnets—critical components for EV motors and various automotive systems—despite a recent U.S.–China agreement intended to ease export restrictions. The situation remains dire, forcing Ford into a “hand-to-mouth” rhythm to keep its production lines running. Last May, Ford halted production of its Explorer SUV at the Chicago Assembly plant for several days after its magnet supplier ran dry. These powerful rare-earth magnets—made from metals like neodymium, dysprosium, and terbium—are essential not only for EV motors but also for braking, steering, and seating systems. Lisa Drake, Ford’s VP…
Omead Afshar, a veteran Tesla executive long known as Elon Musk’s personal “fixer,” has quietly exited the company, marking a notable shift in the automaker’s leadership structure. Afshar—who joined Tesla in 2017 and rose to prominence by overseeing the Texas Gigafactory construction and serving in the Office of the CEO—had recently been appointed vice president of sales and manufacturing for North America and Europe back in October 2024. However, he has now left amid one of the most challenging periods in Tesla’s recent history: global vehicle deliveries fell by 13% in Q1 2025, European deliveries plunged ~40% in May, and profitability…
