Tesla just opened its first showroom in India.

And this move was long expected, Elon Musk himself said coming to India is “the natural progression” for Tesla

But here's are 5 reasons why I think Tesla is bound to FAIL in India

1/8 First, overall car demand in India is small

In 2024, 42.7 lakh cars were sold in 2024 in India, compare this to China where 3.14 cr cars were to a nearly equal sized population

I have compiled the data of car penetration across major countries for your refernce below

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Let me tell you a secret, Jio is not a telecom company!

You might say, but what of its 47 Cr subscribers, 1 lakh towers?

But here’s the thing, Meta, KKR, Saudi PIF and others have invested in Jio at over 22x EBITDA, those are not telecom valuations!

1/8 Those are actually tech valuations!

-2020 funding valued Jio at Rs 5.16 lakh crore (~$65B), implying an EV/EBITDA multiple of ~22× for FY20
-Bof America values Jio at $107 B (big tech liek valuation)

Chart below compares EV/EBITDA multiples of Indian telcos and big techs

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Lately, the Adani Group has been on an acquisition spree, buying companies across sectors

So far they have spent over Rs 62,000 Cr buying over 15 companies

But you know what is common between all these companies? Well, they are all BANKRUPT!

So why is Adani buying them?

1/8 Earlier this week Adani put in a bid to buy JP Associates at ~Rs 12,600 Cr

The group has been throwing its money at insolvent companies, like--

-Rs 27,000 on KSK Mahanadi
-Rs 3500 on Coastal Energen
-Rs 4100 on Lanco Amarkantak

it is a long list, I have compiled it below

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Something strange is happening in India

Private Equity firms like KKR, Kedaara, Apollo, etc are pouring billions of dollars in Indian schools!

But here's why it is weird, schools in India are required to be non profits by law!

So why are PE funds investing in them?

1/7 Let me give you a breakdown of PE deals in Indian schools

-Kedaara invested Rs 1200 cr in Orchids Intl
-KKR invested Rs 1475 cr in EuroKids, EuroSchools, Lighthouse Learning
-Gaja Capital invested in Kangaroo Kids

It is a long list!
I have compiled it below for you

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