“We believe the long-term capex story remains intact as we are seeing a massive shift in the capex cycle benefiting from the China plus strategy. For us the domestic capex story remains intact and consumers and corporate sentiments are resilient with a steady macro regime post-COVID, but we do not rule out the volatility as the hardening of USD and crude oil prices could pose a challenge in the interim.”
Tesla’s $584 billion wipeout: 4 forces behind the EV giant’s accelerating 45% stock car
Tesla’s lead in EV infrastructure is at risk. In March, Chinese competitor BYD launched a next-gen fast-charging station that provides 400 kilometers (around 250 miles)
April 9, 2025