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Almost a decade after Tesla first launched preorders for its cars in India, it's staffing up in the country

Elon Musk meeting Indian Prime Minister Narendra Modi in Washington, DC.
Tesla is hiring for 13 roles based in Mumbai, India, per listings on the company's careers page.

Press Information Bureau/Handout/Anadolu via Getty Images

  • Tesla is hiring for roles based in Mumbai, India.
  • The recruitment efforts come just days after Elon Musk met with Indian Prime Minister Narendra Modi.
  • Tesla has long sought to break into India, the world's third-largest auto market.

Tesla is amping up its recruitment efforts in India just days after the country's prime minister, Narendra Modi, met with Elon Musk.

Tesla listed 13 roles based in Mumbai on its careers page. The positions were also advertised on the company's LinkedIn page on Monday.

The roles range across three categories β€” vehicle service, sales and customer support, and operations and business support.

All the listings show that the jobs, which are a mix of full time and part time roles, are based out of suburban Mumbai.

The listings also hinted at the opening of a Tesla store and a delivery center in India. For instance, the "Store Manager" listing says the new hire will be "responsible for overseeing and driving sales and sales operations."

Tesla is also hiring people for delivery operations work. Staff under this designation are expected to "oversee and coordinate administrative responsibilities at the delivery center."

Musk met with Modi in Washington on Thursday. The Indian premier also met with President Donald Trump during his two-day visit to the US.

It is unclear if Modi and Musk discussed Tesla's entry into the Indian market during their meeting. Modi wrote in an X post on Thursday that he had a "very good meeting" with the Tesla CEO.

"We discussed various issues, including those he is passionate about such as space, mobility, technology and innovation," Modi added.

Trump told reporters on Thursday that while he wasn't sure why Musk had met Modi, he assumed it was because Musk "wants to do business in India."

Representatives for Tesla did not respond to a request for comment from Business Insider.

Tesla has been planning to enter the Indian market for close to a decade. In April 2016, the company started accepting pre-orders for its vehicles.

Then, in January 2021, Tesla registered a company in India, just weeks after the country's transport minister, Nitin Gadkari, said Tesla would launch its operations there in early 2021. India is the world's third-largest auto market.

But those plans were put on hold. Musk said in July 2021 it was difficult for Tesla to break into the Indian market because the country's "import duties are the highest in the world by far of any large country."

"Still working through a lot of challenges with the government," Musk wrote in an X post in January 2022 when asked if Tesla was still planning to launch in India.

In March, India lowered its import taxes on EVs made by companies that commit to invest at least $500 million and start making cars in the country within three years.

Musk was scheduled to visit India in April and announce Tesla's entry into the country. However, the trip was postponed at the last minute.

"Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year," Musk wrote in an X post in April.

Read the original article on Business Insider

USPS temporarily stops accepting inbound packages from China and Hong Kong

USPS
The USPS says it is temporarily suspending its parcel service for inbound packages arriving from China and Hong Kong.

Alexi Rosenfeld/Getty Images

  • The US Postal Service said it will stop accepting parcels from China and Hong Kong immediately.
  • Only parcels are affected as the temporary restriction doesn't apply to letters and flat mail.
  • A logistics expert predicted "chaos" in the short term with disruption and cancellations.

The US Postal Service said it is temporarily suspending inbound parcels from China and Hong Kong, in a potential blow to Chinese e-commerce retailers.

In a statement on its website Tuesday evening, the USPS said the suspension would take effect immediately and be in place "until further notice." It does not apply to letters and flat mail.

The suspension comes after President Donald Trump imposed a new 10% tariff on all goods imported from China and ended the de minimis exemption that allowed packages worth less than $800, bound for individual consumers, to avoid tariffs.

Louise Loo, the lead economist for Greater China at Oxford Economics, wrote in a note on Tuesday that the exemption had been "particularly relevant" for Chinese e-commerce retailers β€” such as Shein and Temu β€” and that China and Hong Kong accounted for 67% of packages entering the US under the exemption between 2018 and 2021.

PDD, Temu's parent company, was down 6% in premarket trading on the Nasdaq after the USPS announcement.

There were more than 1.36 billion de minimis shipments into the US in the 2024 fiscal year according to the US Customs and Border Protection.

The agency said in a January statement that shipments into the US under the exemption had risen by more than 600% over the past decade.

"This exponential increase has created challenges for CBP's effective enforcement of US trade laws, health and safety requirements, intellectual property rights, and consumer protection rules," the statement added.

'The next couple of days are going to be chaotic'

US consumers can expect chaos with their packages, a trade specialist told Business Insider.

"There'll be disruption, there'll be cancellations, the next couple of days are going to be chaotic," said Ram Ben Tzion, the CEO of Ultra Information Solutions.

Chinese exporters could choose to use companies such as DHL, UPS, and FedEx β€” but this demand surge could cause freight costs to increase, said Ben Tzion. His company is behind Publican, a digital vetting platform for global trade.

Private freight companies may also start evaluating how they plan to handle inbound packages from China and Hong Kong.

"The suspension is actually sending a very strong message to FedEx, to UPS, to DHL that they also need to consider if they continue taking packages from China," Ben Tzion said.

He advised consumers to wait before carting out any products that are shipped out of China or Hong Kong.

"If you continue buying on Shein, Temu, Alibaba, or Amazon, I strongly suggest that you wait for the next week to see how it plays out, because it's going to be a mess," said Ben Tzion.

USPS declined to elaborate on its statement when contacted by BI.

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The most auspicious year for Chinese births is almost over. For dragon babies, the competition is just getting started.

Torn up red envelope with a dragon.

Getty Images; Jenny Chang-Rodriguez/BI

  • Being born in the year of the dragon is auspicious, according to the Chinese lunar calendar.
  • Dragon babies are regarded as smart, successful, and natural leaders.
  • Experts say that being born in this year can make life harder at work and in school.

Jackson Koh was born in Singapore in the Chinese Year of the Dragon. Growing up, he says he was his aunts' and uncles' favorite β€” and he knows why.

"When I was young, every Chinese New Year, my relatives would ask, 'What zodiac is your child?' And my parents would say, 'Oh, he's a dragon,'" said Koh, a 23-year-old student at Singapore's Nanyang Technological University.

"And then all the relatives were, like, 'Wow! He's going to grow up to be very rich and very successful,'" he added.

"Obviously, listening to all this every year, it'll build up your ego. You just think, 'Oh, I'm a dragon, I'm special,'" Koh said.

Why the Dragon Year is special

There are 12 Chinese zodiac animals, arranged in the following order: rat, ox, tiger, rabbit, dragon, snake, horse, goat, monkey, rooster, dog, and pig. The cycle repeats every 12 years.

Under the lunar calendar, 2024 is the year of the dragon.

The dragon is the only mythical creature among the dozen animals. It's considered the most auspicious zodiac by the Chinese β€” and people in Asia make it a point to procreate, with hopes of birthing a child in those 12 calendar months.

Dancers and citizens wearing different costumes attend the Chinese New Year parade as part of the celebrations of Chinese New Year in New York City.
2024 is the year of the dragon, the only mythological creature in the Chinese zodiac.

Fatih Aktas/Anadolu via Getty Images

According to Singapore's Department of Statistics, births went from 36,178 in 2011 to 38,641 in 2012, the most recent dragon year. The number of births in the following year, 2013, dipped back down to 35,681.

A similar trend of dragon-year birth spikes was observed in 1988 and 2000.

People born in the dragon year are said to be natural leaders, intelligent, and charismatic.

"Dragon babies are, for the most part, intensely desired and prized by their parents. Culturally, dragons are held in the highest esteem β€” they were symbols of the emperor," Ee Cheng Ong, an associate professor of economics at the National University of Singapore (NUS), told Business Insider.

Special attention, but more competition

Several dragon babies in Singapore told Business Insider they were a source of pride for their family elders, who showered them with more attention because of their birth year.

Melissa Anne Lim, a self-employed 23-year-old, said that, like Jackson Koh, she was doted on growing up.

"My grandma loves that I'm a dragon," said Lim. "Being a dragon baby kind of gave me a little more special attention, from the aunties especially."

Dragon babies are also likely to face more competition in school and in the workplace from their direct peers.

"Because schools have limited resources, including numbers of classrooms, facilities, and teachers, it is indeed correct that people born in such years may face disadvantages in terms of having larger class sizes and more competition in accessing 'top schools,'" said Kelvin Seah, a senior economics lecturer at NUS.

And it's not just schools. Seah said dragon babies will also have a tougher time looking for jobs after graduation.

"There are only so many jobs available in the economy. The larger cohort size means more competition for the limited number of jobs after graduation," Seah said.

In 2017, researchers from NUS published a study on the life outcomes of dragon babies in Singapore.

The study β€” which had a sample size of 4,608 and is based on local birth, employment, and university admissions data from 1960 to 2015 in Singapore β€” found that Chinese dragon babies earned 6.3% less than other Chinese birth cohorts upon entering the workforce.

The study also found that Chinese dragon babies were 2.3% less likely to gain admission to local universities in Singapore.

A numbers game

In other places where the lunar year is observed β€” and accorded cultural significance β€” people born in the year of the dragon also face a unique set of challenges.

In China, for instance, dragon babies taking the gaokao, the country's marathon university entrance exams, may face more intense competition with a larger cohort, said Stuart Gietel-Basten, a professor of social science and public policy at the Hong Kong University of Science and Technology.

Senior three students at New Century Senior High School are reviewing in a classroom in Qinhuangdao city, Hebei province, China, on the evening of June 3, 2024.
Every year, batches of Chinese high school students study intensely for the gaokao, an examination that will define their future.

CFOTO/Future Publishing via Getty Images

China also sees birth rate spikes in dragon years. According to the National Bureau of Statistics of China, in 2012, China's birth rate reached 14.57 births per 1,000 people. That was an increase from 13.27 births per 1,000 people in 2011. Births dipped the following year, to 13.03 births per 1,000 people in 2013.

But the latest crop of dragon babies may have it easier, with competition evening out as birth rates drop.

And cultural expectations may be changing, Gietel-Basten added. Dragon babies might have once been subject to great pressure to exceed expectations, but Gietel-Basten says he'd be "surprised" if that same level of pressure would be applied to 2024's dragon babies as they grow older.

"You could even say that if you're a dragon baby, you become more confident," Gietel-Basten said. "And so you could prosper not out of the pressure that's been put on you, but because of that confidence."

Dragon baby spikes aside, birth rates remain low

Whether it's hard to be a dragon baby or not, one thing is clear: Asian countries β€” including Singapore and China, both of which follow the lunar year β€” are facing a birth rate problem.

In 2023, China's population fell for the second year in a row due to record-low birth rates. Singapore recorded aΒ total fertility rate of 0.97Β in 2023, the first time it had ever fallen below 1.0.

Policymakers across Asia are resorting to a wide range of measures to try to convince people to have more children.

In 2016, China dropped its controversial one-child policy and allowed couples to have two kids. The government changed its rules again in 2021 to let couples have up to three children.

A newborn baby, whose Chinese zodiac sign is dragon, is seen with the mother at a hospital in Shijiazhuang, north China's Hebei Province, Feb. 10, 2024.
China has made multiple drastic pivots to its population policy and now wants people to have more kids.

Chen Qibao/Xinhua via Getty Images

Tokyo's government said in June that it was investing $1.3 million to launch its own dating app for residents. Japan's total population has declined for the 15th straight year in 2023.

Seoul is offering up to $730 in incentives to people looking to reverse their vasectomies and tubal ligations. South Korea in 2023 recorded the world's lowest fertility rate, at 0.72 births per woman.

Some leaders are using the allure of the dragon baby in their messaging to encourage more children.

In February, then-Singaporean Prime Minister Lee Hsien Loong said in his annual Chinese New Year message that it is a good time for families to "add a 'little dragon.'"

"I hope my encouragement prompts more couples to try for a baby, although I know that the decision is a very personal one," Lee said.

But higher than ordinary birth rates in a given year can also stress social systems.

"If there's still a bunching of baby deliveries in dragon years, that will create tension within schools and public educational resources," said Qian Wenlan, a finance and real estate professor at the National University of Singapore. Qian co-authored the 2017 study about life outcomes for dragon babies in Singapore.

"In some years, you just have to employ more teaching staff β€” such as adjunct teachers, for example β€” to accommodate and to educate more students," Qian added.

Still, even if the road is paved with challenges, sometimes being born a dragon is little more than a happy accident.

"At the end of the day, there are many other factors to take into consideration when we family plan," Lim, the 23-year-old dragon baby, said. "I have a niece and nephew who were both born in the year of the dragon. Did their parents plan for them to be dragons? Not exactly β€” but it was a pleasant surprise."

Read the original article on Business Insider

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