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Tesla to Enter India by Next Year, Says Elon Musk
07 November 2018, 08:45 | Dale Webster
Highlights from Elon Musk’s interview with Recode
"Of course, anything boring is bad, especially companies, so we chose to send something unusual, something that made us feel", he added. Nissan, Maruti Suzuki, Tata and Toyota are also mulling launching India-made EVs in India in 2019.
In a conversation Elon Musksaid that the auto is his own desire, and successful sale it absolutely not interested.
United States securities regulators have issued subpoenas regarding Tesla " s (NASDAQ:TSLA) public assurances over the production of its newest vehicle the M3, the company said in a filing late Friday, the latest signal of a very aggressive investigation into Elon "Nothing' Musk's EV maker.
"To clarify further, the long-term goal for Tesla's mass market products is local production for local markets (at least at the continent level)".
India lost a good deal previous year when Tesla agreed to build its first factory outside the United States in Shanghai, China, despite the fact that the company had been exploring the possibilities of setting up a plant in India for months.
India might see partial presence of Tesla by 2020.
This clearly indicated Tesla's plan to enter the Indian market.
Earlier in May, Musk had hinted out his firm's entry to India via micro-blogging site Twitter.
The interview also delved into the company's plans for a Model Y crossover SUV, and the upcoming revamp of Tesla's Roadster.
A year ago, a group of shareholders sued the company in federal court alleging that it made false statements about Model 3 production and misled investors. While Tesla will set up auto production facilities in Europe and China, the company plans to set up battery manufacturing plants in every continent to keep the costs in line.
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