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Unlike the US and some other western countries, where a separate transportation index is watched very closely, in India we don t have a very popular transportation index. The reason why transportation index numbers are extremely important is because there is enough historical evidence to show that auto industry numbers lead indicators of what is happening in the economy. That is why if one looks at the history of the stock market, the rallies which are led by the transportation and auto sector are more durable rallies. Especially the ones which are led by large commercial vehicles. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. But as the stocks have done well in the recent past, it is time to be selective at least in the near term. ....
If one looks at the history of the stock market, the rallies which are led by the transportation and auto sector are more durable rallies. Especially the ones which are led by large commercial vehicles. The reason, sales of LCV and certain other auto segments is an indication of the economic situation on the ground. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. But as the stocks have done well in the recent past, it is time to be selective at least in the near term. ....
In the two days following Tesla’s disappointing earnings call, Tesla stock has gone down by more than 12%. This has cost Elon Musk $15 billion personally and has cost Tesla $118 billion as a company. ....
Through the company’s online parts catalog, Tesla has unintentionally revealed a new refreshed Model 3+ with ‘Plaid’ badging. In the same document, Tesla has also shown off several new wheel designs including 19 & 20 inch “Warp” wheels. ....