Consumer Cyclical

Tesla CEO Elon Musk's unannounced visit to Beijing focused on discussing the rollout of Full Self-Driving software in China and seeking approval to transfer data overseas for training autonomous driving algorithms. The visit comes amidst Tesla's plans to lay off 10% of its global workforce and declining stock value.

Zerodha co-founder Nikhil Kamath recently highlighted the immense scale and potential of India's wedding industry, pointing out that it is one of the largest sectors in the country. With staggering statistics from various sources, Kamath discussed how traditionally overlooked industries like weddings may harbor significant economic opportunities.

Mahindra & Mahindra unveils the XUV 3XO, a facelifted compact SUV boasting a redesigned exterior, luxurious interiors, and segment-first features like a panoramic sunroof and Harman Kardon sound system. The XUV 3XO is expected to compete with popular rivals like Tata Nexon and Hyundai Venue, starting at Rs 9 lakh (ex-showroom).

Tesla CEO Elon Musk's surprise visit to China on Sunday was a significant development for the company, focusing on deepening cooperation with the country and exploring the potential rollout of its Full Self-Driving (FSD) system. During his meeting with Premier Li Qiang, Musk emphasized Tesla's willingness to strengthen its partnership with China, which has been a key market for the electric vehicle manufacturer.

Elon Musk made an unannounced visit to Beijing to meet with Chinese officials, including Premier Li Qiang, to discuss the rollout of Tesla's Full Self-Driving software and the transfer of data overseas. The visit is seen as crucial for Tesla's expansion in China, its second-largest market globally, where the company aims to make FSD available to customers soon.