Consumer Cyclical

Tesla's sales took a significant hit in the first quarter of 2023, marking the first time the company's deliveries have fallen since 2020. The decline comes amidst intensifying competition in the electric vehicle market and price cuts implemented by Tesla that failed to generate the desired increase in sales.

Voters in 13 constituencies in Uttar Pradesh will participate in the fourth phase of the Lok Sabha elections on May 13, with a total of 130 candidates contesting for seats. The phase includes notable contests such as Akhilesh Yadav vs. Subrat Pathak in Kannauj, and Sakshi Maharaj vs. Annu Tandon in Unnao.

Elon Musk's surprise visit to China, following his cancelled trip to India, has ignited a debate about the future of the global automotive industry. While Musk secured concessions for Tesla's Full Self-Driving software in China, his decision has raised concerns about the increasing competition from Chinese firms like BYD, Geely, and Great Wall.

Ninety-six Lok Sabha constituencies across 10 states and Union Territories will vote in Phase IV of the elections on Monday, including all 25 Lok Sabha and 175 Assembly seats in Andhra Pradesh. This phase also includes key contests in Madhya Pradesh, where the Congress has urged voters to press NOTA after their candidate withdrew, and prominent figures like Akhilesh Yadav and Asaduddin Owaisi are in the fray.

The upcoming Lok Sabha elections in Telangana are shaping up as a three-way battle between the Congress, BJP, and BRS, with each party aiming for a significant victory. The Congress, riding the momentum from its recent Assembly win, is targeting 12-14 seats, while the BJP is hoping to improve its tally from the 2019 elections.