Tesla Stock Rally Falters Amid Reports Of Imminent India Factory Announcement

Tesla appears to be moving closer to officially unveiling its long rumored India manufacturing plant, with local reports Thursday expecting the announcement to come early in 2024. TSLA shares advanced early before falling, reducing their December rally. The global EV giant is expected establish its latest factory in Gujarat, situated on the western coast of India, with the official unveiling taking place during the "Vibrant Gujarat Summit" in January, local media reported Thursday.