Tesla (TSLA)’s Entry into India Sees Underwhelming Results, Reports Bloomberg

Tesla, Inc. (NASDAQ:TSLA) is one of the Best Reddit Stocks to Invest in Now. On September 2, Bloomberg reported that Tesla, Inc. (NASDAQ:TSLA)’s entry into India saw underwhelming results as of now, as tepid bookings continue to raise doubts about the EV maker’s global growth outlook. The company received orders for just over 600 cars since the sales launch in mid-July, highlighted Bloomberg.

Tesla (TSLA)’s Entry into India Sees Underwhelming Results, Reports Bloomberg

This number falls short of Tesla, Inc. (NASDAQ:TSLA)’s own expectations. It’s approximately the number of vehicles the Elon Musk-led company delivered every 4 hours globally during the first half of the year, reported Bloomberg. Notably, in Q2 2025, Tesla, Inc. (NASDAQ:TSLA) recorded total deliveries of 384,122, reflecting a decline of 13% YoY. The company’s total revenue declined 12% YoY to $22.5 billion due to a fall in vehicle deliveries, lower regulatory credit revenue, reduced vehicle average selling price (ASP), and a fall in energy generation and storage revenue.

Baron Funds, an investment management company, released its Q2 2025 investor letter. Here is what the fund said:

“Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles (EVs), solar products, and energy storage solutions, while also developing advanced real-world AI technologies. Despite ongoing macroeconomic challenges and regulatory complexities, shares climbed after Tesla completed a limited commercial rollout of its highly anticipated robotaxi business in Austin—following more than a decade of development and billions of dollars in investment. This milestone signals a potentially transformative shift in the automotive industry and opens up a sizable new market beyond the company’s core operations. Investor sentiment also improved after Elon Musk stepped back from government-related engagements, boosting confidence in Tesla’s near-term execution. Tesla introduced a refreshed Model Y globally, featuring design and performance upgrades, and outlined plans to unveil new mass-market models starting next quarter. Meanwhile, the company is progressing toward scaling production of its humanoid robot, adding another dimension to its long-term growth story.”

While we acknowledge the potential of TSLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.