|Bid||19.53 x 1400|
|Ask||19.63 x 3200|
|Day's Range||19.10 - 20.05|
|52 Week Range||3.92 - 20.14|
|Beta (5Y Monthly)||2.12|
|PE Ratio (TTM)||10.11|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul. 14, 2016|
|1y Target Est||8.20|
Tesla Inc is gearing up for an India launch but the U.S. electric carmaker is likely to remain a niche player for years, catering only to the rich and affluent in the world's second-most populous nation. It's also difficult to see how Tesla's sought-after and expensive autonomous driving features will work on India's congested roads. Ammar Master, a forecaster at consultancy LMC Automotive, said he expects Tesla to annually sell only 50-100 of its Model 3 electric sedans in India, at least in the first five years.
Shares of Indian automaker Tata Motors (NYSE: TTM) were sharply higher on Monday morning, amid rumors in India suggesting that the company may be close to a deal to build Tesla (NASDAQ: TSLA) vehicles under contract. As of 11 a.m. EST, Tata's American depositary shares were up about 13.9% from Friday's closing price. Tata's U.S.-listed shares appear to be following the lead of its New Delhi-listed shares, which closed up 12.6% on Monday on rumors that the company is about to sign a deal with Tesla.
Indian shares hit record highs on Monday to kick off the first trading week of the new year, after the country gave emergency use approvals to two coronavirus vaccines over the weekend, lifting investor sentiment. The blue chip NSE Nifty 50 index rose 0.50% to 14,087.95 and the benchmark S&P BSE Sensex rose 0.43% to 48,077.13 by 0347 GMT. The country, which has the second-highest number of coronavirus infections in the world, is expected to start a massive immunisation program within about a week.