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Tesla gambles on not introducing new models

Mint Bangalore

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October 24, 2025

Tesla's groundbreaking 2017 Model 3 electric sedan, followed by a taller Model Y variant, ushered in the era of mass-market electric cars, made Tesla the world's most valuable automaker and chief executive officer (CEO) Elon Musk the world's richest man.

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But years later, Tesla's stalling car business remains almost entirely dependent on that one breakthrough, and it may continue to be for years to come.

The automaker's only model since then, the Cybertruck, flopped. Tesla now has next to nothing in the product pipeline for human drivers as Musk refocuses the company on selfdriving technology and humanoid robots.

A new Roadster supercar, unveiled in 2017 as a prototype, has yet to arrive and would serve only a super-wealthy niche. The automaker last year killed a project to make a $25,000 electric vehicle (EV) and instead, earlier this month, introduced stripped-down versions of the Model 3 and Model Y costing $37,000 and $40,000, respectively.

no reason why that cannot work.

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Mint Bangalore

Centre to roll over electric bus and truck incentives to FY27

The ministry of heavy industries has asked the finance ministry to shift the allocation for financial incentives to encourage the purchase of e-trucks and e-buses to next year's budget, according to two people aware of the development.

time to read

1 mins

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Mint Bangalore

Oct WPI slows to 27-month low amid food price decline

India’s wholesale inflation fell to a 27-month low in October on the back of record low food prices, provisional data from the ministry of commerce and industry showed on Friday.

time to read

2 mins

November 15, 2025

Mint Bangalore

US tariff-hit exporters get relief from RBI

In a relief to tariff-hit export-oriented sectors and their lenders, the Reserve Bank of India (RBI) on Friday announced several measures to ease their access to working capital, enable higher borrowing limits, and defer loan repayments until the end of the calendar year.

time to read

1 min

November 15, 2025

Mint Bangalore

Relief on specialty steel likely

Govt plans to temporarily suspend strict quality-control rules for importing 55 products to address supply gaps

time to read

3 mins

November 15, 2025

Mint Bangalore

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Nitish Kumar to rule Bihar, again

Women voters and BJP alliance help the JD(U) return as the undisputed king in the eastern state, while the opposition floundered

time to read

5 mins

November 15, 2025

Mint Bangalore

Mint Bangalore

Wakefit boosts listing size, seeks pre-IPO fundraise

Home-furnishings brand Wakefit is gearing up for a ₹1,400-crore public listing in early December, three people with knowledge of the matter said.

time to read

1 mins

November 15, 2025

Mint Bangalore

Sebi to revamp settlement rules, curb penalties

India’s capital markets regulator has initiated a review of its rules on case settlement to simplify calculations and address concerns on stringent conditions and inflated penalties, three people familiar with the matter said.

time to read

1 mins

November 15, 2025

Mint Bangalore

Mint Bangalore

The bespoke tailor to the stars

Meet Madhav Agasti, the self-taught designer who has created costumes for heroes and villains for 50 years

time to read

5 mins

November 15, 2025

Mint Bangalore

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Celebrating craft in all its forms

When the Mumbai store of Moonray, a four-year-old ready-to-wear label started by Karishma Swali and her daughter, Avantika, shut down a few months ago, it seemed like it would cease to exist. But last week, the same address in the cultural district of Kala Ghoda opened the doors to Chorus, a brand by the mother-daughter duo that expands the Moonray universe to include ready-to-wear, couture, skincare, and a café with craft at the centre.

time to read

4 mins

November 15, 2025

Mint Bangalore

Mint Bangalore

Revenue climbs as Marico adjusts to GST rate changes

Homegrown packaged goods company Marico Ltd said the revised goods and services tax (GST) rate cuts introduced in September led to a temporary disruption in trade channels, resulting in destocking at the end of the quarter. Demand trends, however, remained steady in July and August.

time to read

1 mins

November 15, 2025

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