For those planning to make long-term gains, investing in an Initial Public Offering (IPO) can prove to be a beneficial way.&nbsp;

Investing in an IPO has become a growing trend in the market and some of them have proved very profitable to the investors, giving them as much as 90 per cent returns.

However, not all IPOs are worth investing and one should tread this path of investment carefully to avoid any major loss. So how can one decide if an IPO is worth subscribing with their hard-earned money or not? Let's first understand what is an IPO of a company.&nbsp;

<h2>What is an IPO?</h2>

IPO is an initial public offering in which the private company's shares are made available to the public for the first time.&nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/business-economy/indias-sensex-hits-80000-for-the-first-time-737323">India’s Sensex hits 80,000 for the first time</a>

This helps the company to increase its equity capital with the help of public investors and go from a privately held corporation to a public corporation.&nbsp;

Investors can profit from an IPO if the issue price of IPO shares is less compared to the listed price when it is sold in the market.

The company raises its IPO to gain funds for equity capital, ensuring hassle-free trading of future capital and monetising private equity investors' investments.

<h2>Five things to know before investing in an IPO</h2>

<h3>Investigate the company’s financial condition history</h3>

It is important to check the financial condition of the company and the history of its performance, before investing in an IPO. One can look into how the company has performed in the last few years and if it is in a profitable zone.&nbsp;

<h3>Understand the valuation of the IPO</h3>

An IPO's valuation is dependent on the price at which shares are issued by the company before stepping into the market.

It is important to analyse the valuation and if the IPO appears overvalued, one should avoid investing in it. One way of understanding if an IPO is fairly valued is by conducting a comparison between the prices of shares of similar companies and the issue price of the IPO.&nbsp;

<h3>Find out why the company is raising funds</h3>

There can be various reasons why a company is going public and raising funds. Not every time, does the company raise its IPO because it is going for a growth plan or launching a new product.

Watch:&nbsp;Bezos to sell Amazon shares after stock hits record high

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A company can also come up with its IPO if it has to repay debts, speedily expand or acquire a smaller firm.

<h3>Carefully check the lock-up period of the IPO</h3>

It is important to check what is the lock-up period of an IPO, which generally ranges between three to 24 months.

A lock-up period refers to the time when the investors are prohibited from selling any shares of the company.

This is important because an IPO may be listed at a higher price when it debuts in the market, however, there can be a slump in the price after the lock-up period which will impact the profit of the investors.

<h3>Study market conditions</h3>

One must also look at the current market conditions when subscribing to an IPO. When markets are bullish, it is likely that the IPOs will open in green, but they can go red if the market turns bearish.

(With inputs from agencies)

For those planning to make long-term gains, investing in an Initial Public Offering (IPO) can prove to be a beneficial way. Investing in an IPO has become a growing trend in the market and some of them have proved very profitable to the investors, giving them as much as 90 per cent returns.

For those planning to make long-term gains, investing in an Initial Public Offering (IPO) can prove to be a beneficial way. Investing in an IPO has become a growing trend in the market and some of them have proved very profitable to the investors, giving them as much as 90 per cent returns. However, not all IPOs are worth investing and one should tread this path of investment carefully to avoid any major loss. So how can one decide if an IPO is worth subscribing with their hard-earned money or not? Let's first understand what is an IPO of a company. What is an IPO? IPO is an initial public offering in which the private company's shares are made available to the public for the first time. Also Read: India’s Sensex hits 80,000 for the first time This helps the company to increase its equity capital with the help of public investors and go from a privately held corporation to a public corporation. Investors can profit from an IPO if the issue price of IPO shares is less compared to the listed price when it is sold in the market. The company raises its IPO to gain funds for equity capital, ensuring hassle-free trading of future capital and monetising private equity investors' investments. Five things to know before investing in an IPO Investigate the company’s financial condition history It is important to check the financial condition of the company and the history of its performance, before investing in an IPO. One can look into how the company has performed in the last few years and if it is in a profitable zone. Understand the valuation of the IPO An IPO's valuation is dependent on the price at which shares are issued by the company before stepping into the market. It is important to analyse the valuation and if the IPO appears overvalued, one should avoid investing in it. One way of understanding if an IPO is fairly valued is by conducting a comparison between the prices of shares of similar companies and the issue price of the IPO. Find out why the company is raising funds There can be various reasons why a company is going public and raising funds. Not every time, does the company raise its IPO because it is going for a growth plan or launching a new product. Watch: Bezos to sell Amazon shares after stock hits record high A company can also come up with its IPO if it has to repay debts, speedily expand or acquire a smaller firm. Carefully check the lock-up period of the IPO It is important to check what is the lock-up period of an IPO, which generally ranges between three to 24 months. A lock-up period refers to the time when the investors are prohibited from selling any shares of the company. This is important because an IPO may be listed at a higher price when it debuts in the market, however, there can be a slump in the price after the lock-up period which will impact the profit of the investors. Study market conditions One must also look at the current market conditions when subscribing to an IPO. When markets are bullish, it is likely that the IPOs will open in green, but they can go red if the market turns bearish. (With inputs from agencies)

Money-Wise: Planning to invest in an IPO? Here are five things you must keep in mind

On Friday, National Australia Bank, the nation's number three lender by total loans, posted that profit dropped for the June quarter, partly due to amplified costs caused by inflation, which in turn fueled competition; however, a measure of its core operating margins held steady, according to it, and sent its shares higher.

The company stands out as Australia's number one business lender and top-tier mortgage provider, and warned that its business banking portfolio is deteriorating, with "non-performing" loans hitting their highest level in at least two years.

In a limited trading update for the third quarter, it said its net interest margin (NIM), a closely watched measure of bank performance, had remained stable compared to the first two quarters.

Its underlying profit fell 8 per cent to A$1.75 billion from the same three months a year earlier but met analysts' expectations, based on halving the average forecast of second-half profit compiled by market data aggregator Visible Alpha.

Analysts seized on the NIM figure as a sign that the bank may make its way through a price war since 2022, in which interest rate hikes and inflation have prompted lenders to sacrifice margins to lure more customers.

NAB shares climbed 1.5 per cent in mid-session trade, in line with the broader Australian market, as investors looked beyond some softening in the bank's loan quality to focus on its core profit measure.

"Little signs of deterioration in NIM versus market expectations is what is likely to keep the market encouraged so far," said JPMorgan brokers in a client note.

Australia's banks said initially after interest rates began rising that most borrowers were able to make repayments, but have recently reported rising financial stress. NAB said on Friday its asset quality deteriorated further in the June quarter.

The bank said that its ratio of "non-performing exposures to gross loans" was 1.31 per cent at June-end, up 11 basis points since March and the highest since at least September 2021. The bank didn't publish a comparable metric earlier.

The increase reflected "continued broad-based deterioration in the Business &amp; Private Banking business lending portfolio, combined with higher arrears for the Australian mortgage portfolio", it added.

NAB, which commands 23 per cent of the nation's A$1 trillion business lending market, is the most exposed of the nation's so-called Big Four banks to a surge in companies entering external administration, which reached a record in the year to June, according to Australian Securities and Investments Commission&nbsp;data.

On Friday, National Australia Bank, the nation's number three lender by total loans, posted that profit dropped for the June quarter, partly due to amplified costs caused by inflation, which in turn fueled competition; however, a measure of its core operating margins held steady, according to it, and sent its shares higher.

On Friday, National Australia Bank, the nation's number three lender by total loans, posted that profit dropped for the June quarter, partly due to amplified costs caused by inflation, which in turn fueled competition; however, a measure of its core operating margins held steady, according to it, and sent its shares higher. The company stands out as Australia's number one business lender and top-tier mortgage provider, and warned that its business banking portfolio is deteriorating, with "non-performing" loans hitting their highest level in at least two years. In a limited trading update for the third quarter, it said its net interest margin (NIM), a closely watched measure of bank performance, had remained stable compared to the first two quarters. Its underlying profit fell 8 per cent to A$1.75 billion from the same three months a year earlier but met analysts' expectations, based on halving the average forecast of second-half profit compiled by market data aggregator Visible Alpha. Analysts seized on the NIM figure as a sign that the bank may make its way through a price war since 2022, in which interest rate hikes and inflation have prompted lenders to sacrifice margins to lure more customers. NAB shares climbed 1.5 per cent in mid-session trade, in line with the broader Australian market, as investors looked beyond some softening in the bank's loan quality to focus on its core profit measure. "Little signs of deterioration in NIM versus market expectations is what is likely to keep the market encouraged so far," said JPMorgan brokers in a client note. Australia's banks said initially after interest rates began rising that most borrowers were able to make repayments, but have recently reported rising financial stress. NAB said on Friday its asset quality deteriorated further in the June quarter. The bank said that its ratio of "non-performing exposures to gross loans" was 1.31 per cent at June-end, up 11 basis points since March and the highest since at least September 2021. The bank didn't publish a comparable metric earlier. The increase reflected "continued broad-based deterioration in the Business & Private Banking business lending portfolio, combined with higher arrears for the Australian mortgage portfolio", it added. NAB, which commands 23 per cent of the nation's A$1 trillion business lending market, is the most exposed of the nation's so-called Big Four banks to a surge in companies entering external administration, which reached a record in the year to June, according to Australian Securities and Investments Commission data.

NAB reports profit decline, investors applaud margin stability

Big investors have positioned for this summer's rout in stocks to bleed into autumn on concerns that a broader wave of selling will follow the turmoil originated by US recession concerns and the Bank of Japan wrong-footing currency speculators.

The sudden turning round of crowded equity and foreign exchange trades driving vicious feedback loops of price drops, volatility, and hedge fund selling has eased, with world stocks nearly 2 per cent higher so far this week.

Now, asset managers presiding over hundreds of billions of dollars in investments say they are more likely to continue selling stocks than buying back in with the signs of weakness in the US jobs market and global consumer trends trimming the bar for market aftershocks.

What is taking the place of the common 'buy-the-dip' mentality, in which investors typically respond to selloffs by making recovery bets, is fear.

"It's not simply now a large financial market accident, which maybe we could describe last week as. It's broader than that," said Mahmood Pradhan, a former IMF deputy director and head of global macro at the research arm of Amundi, Europe's largest fund manager.

He expects investors, who, according to Bank of America, have already cut equity positions and shifted increasingly into cash, to stay cautious.

One of them is Michael Kelly of PineBridge Investments, who runs multi-asset and has about $170 billion of client funds, and has cut back the stock market positions in his funds and may do so further.

"It's going to be very, very volatile in the next two months," he said.

A first US rate cut, expected next month, might be too late to rescue the economy, he added.

The global growth expectations of investors hit an eight-month low.

Big investors have positioned for this summer's rout in stocks to bleed into autumn on concerns that a broader wave of selling will follow the turmoil originated by US recession concerns and the Bank of Japan wrong-footing currency speculators.

Big investors have positioned for this summer's rout in stocks to bleed into autumn on concerns that a broader wave of selling will follow the turmoil originated by US recession concerns and the Bank of Japan wrong-footing currency speculators. The sudden turning round of crowded equity and foreign exchange trades driving vicious feedback loops of price drops, volatility, and hedge fund selling has eased, with world stocks nearly 2 per cent higher so far this week. Now, asset managers presiding over hundreds of billions of dollars in investments say they are more likely to continue selling stocks than buying back in with the signs of weakness in the US jobs market and global consumer trends trimming the bar for market aftershocks. What is taking the place of the common 'buy-the-dip' mentality, in which investors typically respond to selloffs by making recovery bets, is fear. "It's not simply now a large financial market accident, which maybe we could describe last week as. It's broader than that," said Mahmood Pradhan, a former IMF deputy director and head of global macro at the research arm of Amundi, Europe's largest fund manager. He expects investors, who, according to Bank of America, have already cut equity positions and shifted increasingly into cash, to stay cautious. One of them is Michael Kelly of PineBridge Investments, who runs multi-asset and has about $170 billion of client funds, and has cut back the stock market positions in his funds and may do so further. "It's going to be very, very volatile in the next two months," he said. A first US rate cut, expected next month, might be too late to rescue the economy, he added. The global growth expectations of investors hit an eight-month low.

Autumn market jitters intensify as investors brace for prolonged selloff

A key component of India’s growth story in the past decade has been the inflow of foreign investments. As Modi heads into his 3rd term as the prime minister --what do key global investors think of India’s growth story? What are the key sectors in demand? Take a look at this report for more…

Investors say India a top choice for global investors seeking growth

Investors awaiting trump media’s earnings report will have to exercise patience. The US Securities and exchange commission has indefinitely postponed the release. Watch in for more details!

Investors await Trump media's financial report amid audit fallout

Pakistan's stock market has reached a record high, fueled by optimism surrounding a recent agreement with the International Monetary Fund. Watch in for more details!

Investors eye Pakistan market amid IMF deal, Privatisation push

The calm over India's elections leaves derivatives traders in stocks exposed to surprise outcomes. Indian option traders do not appear concerned about the possibility that the next general election might disrupt the market's rising trend and expose them to an unexpected outcome.

Indian derivatives traders exposed to calm before polls

The dates for the Lok Sabha elections are likely to be announced by Friday this week, citing sources. The Election Commission's observers' briefing meeting for the general election is currently underway in Delhi. The day-long briefing is aimed at streamlining strategy to ensure the implementation of the model code of conduct for the general elections likely to be held in April-May.

India Elections: First time voter talks about Lok Sabha polls 2024

With former US President Donald Trump facing huge legal expenses in his ongoing trials, including $454 million&nbsp;civil fraud judgment in New York,&nbsp;a piece of good news has trickled down for the&nbsp;Truth Social owner as investors have approved a merger valued at nearly $6 billion.&nbsp;

This is also a bit of a relief for Trump as he gears up for campaigning and seeks to manage the cost of it ahead of the upcoming presidential elections. Shareholders of Digital World Acquisition Corp approved the merger with Trump Media &amp; Technology Group.&nbsp;

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The deal valued Trump's majority stake in Truth Social at around $3.6 billion. Now, the deal is expected to be completed next week, reports said.&nbsp;However, the merger faces challenges. Former Digital World CEO Patrick Orlando, along with Trump's associates Andy Litinsky and Wes Moss, have filed lawsuits seeking additional shares. This has&nbsp;complicated the deal's future.

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Trump's ability to capitalise on the windfall is restricted, with a six-month lockup period preventing him from selling shares or leveraging them for loans.

Watch |&nbsp;<a href="https://www.wionews.com/videos/undps-future-weather-forecast-hopes-to-drive-climate-action-703271">UNDP's future weather forecast hopes to drive climate action</a>

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Trump's return to social media through Truth Social follows his ban from mainstream platforms, including X, which later reinstated the former US president. The ban was in connection to Trump's comments after the January 6, 2021 Capitol attack.&nbsp;

Trump's initial efforts, as he now looks to return at the stock market, proved unsuccessful. Trump Hotels and Casino Resorts made its public debut in 1995 however, by 2004, Trump's casino enterprise had declared bankruptcy and was removed from the New York Stock Exchange.

(With inputs from agencies)

With former US President Donald Trump facing huge legal expenses in his ongoing trials, including $454 million civil fraud judgment in New York, a piece of good news has trickled down for the Truth Social owner as investors have approved a merger valued at nearly $6 billion.

With former US President Donald Trump facing huge legal expenses in his ongoing trials, including $454 million civil fraud judgment in New York, a piece of good news has trickled down for the Truth Social owner as investors have approved a merger valued at nearly $6 billion. This is also a bit of a relief for Trump as he gears up for campaigning and seeks to manage the cost of it ahead of the upcoming presidential elections. Shareholders of Digital World Acquisition Corp approved the merger with Trump Media & Technology Group. Also Read | Who are WWII 'Ghost Army' troops honoured with congressional gold medal? The deal valued Trump's majority stake in Truth Social at around $3.6 billion. Now, the deal is expected to be completed next week, reports said. However, the merger faces challenges. Former Digital World CEO Patrick Orlando, along with Trump's associates Andy Litinsky and Wes Moss, have filed lawsuits seeking additional shares. This has complicated the deal's future. Also Read | Dozens killed, wounded in 'terrorist attack' at concert hall near Moscow Trump's ability to capitalise on the windfall is restricted, with a six-month lockup period preventing him from selling shares or leveraging them for loans. Watch | UNDP's future weather forecast hopes to drive climate action × Trump's return to social media through Truth Social follows his ban from mainstream platforms, including X, which later reinstated the former US president. The ban was in connection to Trump's comments after the January 6, 2021 Capitol attack. Trump's initial efforts, as he now looks to return at the stock market, proved unsuccessful. Trump Hotels and Casino Resorts made its public debut in 1995 however, by 2004, Trump's casino enterprise had declared bankruptcy and was removed from the New York Stock Exchange. (With inputs from agencies)

Trump to make over $3bn as Digital World shareholders approve merger deal with his media venture

In the next few weeks, India is heading into a general election and experts say that the polls this year are unlikely to Spook investors. Not very long ago India had famously or rather infamously had been grouped as part of Morgan Stanley's fragile-five economies and 10 years later India happens to be the favorite of the investors take a look.

Elections in India this year is unlikely to spook investors

In 2023, economists widely anticipated a recession in the United States as the Federal Reserve raised interest rates to combat high inflation. However, the expected economic downturn never materialised. What are the factors that led to the world's largest economy defying grim expectations?

How the US defied a recession in 2023

China has approved 105 domestic games, signalling a softened stance on gaming. This move follows last week's $80 billion market rout triggered by beijing's decision to tighten gaming industry controls. Tencent and netease, china's top gaming companies, received approvals, indicating government support for online gaming growth. Despite the approvals, investor concerns persist, reflecting lingering fears of potential digital crackdowns.

Beijing's change in stance on gaming after $80 billion rout

China's latest move to curb excessive spending on Gaming. The rules target in-game purchases and compulsive playing behaviour. Watch the video to know more!

Explained: What China's stance on gaming means for investors

Indian stock markets are in a record-high territory. Nifty 50 crossed the 20,000 mark. But what does that mean going forward? Is the Indian stock market in a bubble, or can it rally beyond the psychological number of 20,000

India markets on foreign investors radar

Foreign investors bet big on Indian markets

The financial aftermath following the passing of the Chief of Sahara group Subrata Roy. SEBI, the Capital Market regulator, is grappling with undistributed funds exceeding 25,000 CR rupees. As per SEBI's latest annual report, the regulator issued $16 million in refunds over 11 years to investors of two Sahara group firms. However, the total amount deposited in specially open bank accounts for repayment has aged to more than 3 billion US dollars.

Sahara Group Chief Subrata Roy's passing and regulatory challenges

Despite mounting evidence that the US economy may escape a recession — strategists generally foresee a market slump in 2024. The pessimism on Wall Street presents a predicament for investors with capital at risk. Despite the Fed's best efforts, inflation remains an economic concern.

Challenges and opportunities for investors in 2023

Nearly 10 per cent of women in India own cryptocurrency, which ranks third among all countries, according to a study. Data from the foreign exchange education portal Forex Suggest reveals that there are 63 million female cryptocurrency owners in India, accounting for 9.2 per cent of the female population of around 685 million.

Nearly 10 per cent of Indian women own crypto currency

The American companies operating in China are facing heightened scrutiny from the Chinese authorities. The latest events include the questioning of employees at the management consultancy bain & company in Shanghai. The events coincide with an amendment to an already extensive counter-espionage law in China. The law widens the scope of the kind of materials and data the country deems relevant to the national security. The new law was revised last week and is set to take effect in July.

Investor jitters rise as China tightens screws on US firms

The world fears that the US will enter a recession by the end of 2023. Investors are now eagerly looking to beat the recession and keep their investments safe. In such a volatile environment, one man could be their saviour - the oracle of Omaha - Warren Buffett.

Investors bet on Warren Buffet amid recession fears

It's been a wild ride for Tesla's stock price, with dramatic ups and downs over the past few months. But this week, the electric car maker's valuation plunged below the $500 billion threshold. That has raised concerns among investors and analysts about the company's ability to maintain its profitability.

Tesla's stock price takes a hit

While investors fretted over the fall in bank stocks, the drop in bond yields caused losses for bond investors, mainly banks. How safe is your money in banks, stocks and bonds in an interconnected financial world?

Explained: How safe are your deposits?

On the company's investor day on Wednesday (March 1), engineers from Tesla disclosed their plans to reduce assembly costs in future car generations by 50 per cent.

In addition to Elon Musk, the company's public face, the presentation included more than a dozen other Tesla officials, including Tom Zhu, the new global production leader.

The executives covered a wide range of topics throughout the presentation, including the company's creativity in managing its operations from manufacture to service, as well as a white paper strategy for the world to adopt sustainable energy.

Zach Kirkhorn, the company's chief financial officer, emphasised their commitment to reducing production costs and announced that Tesla's next-generation platform would comprise many vehicles produced in standardised factories.

Tesla's shares dropped more than five&nbsp;per cent in after-hours trading as a result of Musk disappointing investors by failing to reveal the release date of a highly anticipated inexpensive small electric vehicle.

Musk was anticipated to present a strategy for creating a more accessible electric vehicle (EV) that would increase consumer interest in his brand and fend off rivals.

<h2>Tesla vs Market</h2>

Capturing the mass market is critical to Tesla’s annual production goal, which is more than the combined production of two of the world's largest volume vehicle makers — Germany's Volkswagen and Japan's Toyota.

It would also represent a sales volume for Tesla alone of about a quarter of last year's total global car sales. Musk said the key to driving Tesla's sales volume would be bringing prices down for consumers, adding that tesla's discounts offered this year had stoked demand.

The most valuable automaker is Tesla, but its price has fluctuated significantly. Shares have recovered more than 60 per cent this year but are still down almost 50 per cent from their peak in November 2021.

Tesla could only need 10 models, according to Musk, which would result in 2 million annual sales for each model line at the desired manufacturing rate.

In terms of making profitable EVs, Tesla already has an advantage over its competitors.

Peter Bannon, a Tesla executive, illustrated how the company uses data to save expenses. He claimed that customer data revealed Tesla owners did not utilise the sunroof, so "we removed it."

Tesla will need to advance its battery technology despite its recent achievements, which Musk has referred to as the "basic limiting factor" for the switch to sustainable energy and more inexpensive vehicles. Tesla has had difficulty increasing the output of cutting-edge batteries known as 4680s.

But, they said that they were still testing two different production procedures. Executives stated on Wednesday that it was likely they may reach volume production this year.

Tesla's investor day presentation showcased the company's commitment to cutting production costs and capturing the mass market.

While the lack of details about when a more affordable EV will debut was disappointing to investors, Tesla's lead in manufacturing EVs at a profit and dedication to reducing costs gives hope for future success. 
 
(With inputs from agencies)

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On the company's investor day on Wednesday (March 1), engineers from Tesla disclosed their plans to reduce assembly costs in future car generations by 50 per cent.

On the company's investor day on Wednesday (March 1), engineers from Tesla disclosed their plans to reduce assembly costs in future car generations by 50 per cent. In addition to Elon Musk, the company's public face, the presentation included more than a dozen other Tesla officials, including Tom Zhu, the new global production leader. The executives covered a wide range of topics throughout the presentation, including the company's creativity in managing its operations from manufacture to service, as well as a white paper strategy for the world to adopt sustainable energy. Zach Kirkhorn, the company's chief financial officer, emphasised their commitment to reducing production costs and announced that Tesla's next-generation platform would comprise many vehicles produced in standardised factories. Tesla's shares dropped more than five per cent in after-hours trading as a result of Musk disappointing investors by failing to reveal the release date of a highly anticipated inexpensive small electric vehicle. Musk was anticipated to present a strategy for creating a more accessible electric vehicle (EV) that would increase consumer interest in his brand and fend off rivals. Tesla vs Market Capturing the mass market is critical to Tesla’s annual production goal, which is more than the combined production of two of the world's largest volume vehicle makers — Germany's Volkswagen and Japan's Toyota. It would also represent a sales volume for Tesla alone of about a quarter of last year's total global car sales. Musk said the key to driving Tesla's sales volume would be bringing prices down for consumers, adding that tesla's discounts offered this year had stoked demand. The most valuable automaker is Tesla, but its price has fluctuated significantly. Shares have recovered more than 60 per cent this year but are still down almost 50 per cent from their peak in November 2021. Tesla could only need 10 models, according to Musk, which would result in 2 million annual sales for each model line at the desired manufacturing rate. In terms of making profitable EVs, Tesla already has an advantage over its competitors. Peter Bannon, a Tesla executive, illustrated how the company uses data to save expenses. He claimed that customer data revealed Tesla owners did not utilise the sunroof, so "we removed it." Tesla will need to advance its battery technology despite its recent achievements, which Musk has referred to as the "basic limiting factor" for the switch to sustainable energy and more inexpensive vehicles. Tesla has had difficulty increasing the output of cutting-edge batteries known as 4680s. But, they said that they were still testing two different production procedures. Executives stated on Wednesday that it was likely they may reach volume production this year. Tesla's investor day presentation showcased the company's commitment to cutting production costs and capturing the mass market. While the lack of details about when a more affordable EV will debut was disappointing to investors, Tesla's lead in manufacturing EVs at a profit and dedication to reducing costs gives hope for future success. (With inputs from agencies) WATCH WION LIVE HERE:

Tesla’s grand plan to reduce assembly costs fails to charm investors, shares dip

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