Tesla began selling its vehicles in India for the first time in mid-July. So far, it’s received only 600 orders from the highly anticipated new market, Bloomberg reports. Tesla now plans to ship between 350 to 500 cars to India from Shanghai this year — much lower than the 2,500 annual quota it had expected to hit.
It’s a fresh week and that means a fresh bit of escalation in the ongoing Warner Bros. Discovery merger drama.
At an upcoming meeting, Paramount Skydance plans to “nominate a slate of [WBD] directors who, in accordance with their fiduciary duties, will... enter into a transaction with Paramount,” CEO David Ellison wrote in a letter to WBD shareholders disclosed on Monday.
Ellison also said that Paramount sued WBD in Delaware court in an effort to force the board to disclose “basic information” that will allow shareholders to make an informed decision between Paramount’s offer and one from Netflix. WBD shares dipped about 2% on Monday morning.
The latest update follows Paramount’s move last week to reaffirm — but not raise — its $30-per-share offer for WBD. Some saw that decision as Paramount effectively throwing in the towel on its merger hopes, given that the same deal has been rejected twice by the WBD board and winning over shareholders directly is a difficult process. Monday’s disclosure appears to signal that whether it loses or not, Paramount isn’t going to make Netflix’s acquisition easy.
