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India's electric vehicle sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus Rajeev Chaba said.
TOKYO -- A Japanese startup aiming to "overtake Tesla" says it plans to test fully autonomous driving by 2025, much earlier than it had initially forecast, as advances in generative artificial intelligence give it a powerful tailwind.
PALO ALTO, California -- Tesla reported a third straight quarterly profit drop on Tuesday as the U.S. electric-vehicle maker faces weakening EV demand in key markets, including China, where it faces growing competition from such local players as BYD.
The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is "clearly a lot of froth" in the tech sector, suggesting that whether there is too much of it could depend on this week's tech earnings bonanza.
Tesla is set to report first-quarter earnings after the bell on Tuesday.
This was CNBC's live blog covering European markets.
As tech's behemoths get set to report earnings this week, they do so facing a mountain of drama.
Tesla shares sank 4% on Monday morning, while China's Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense competition.