Tesla could be in India by 2020

Elon Musk says Tesla’s looking to establish a ‘partial presence’ in India by 2019

Elon Musk says Tesla’s looking to establish a ‘partial presence’ in India by 2019

Starman has probably put more miles on his cherry red Tesla Roadster in the last nine months than any other vehicle in history. Musk has tweeted - yet again - about India. We don't expect Tesla cars to be manufactured in India anytime soon. In October, Musk tweeted that Tesla owners could refer a friend to purchase one of its cars and "get any image they want laser etched in glass & sent to deep space for millions of years".

USA securities regulators have issued subpoenas regarding Tesla " s (NASDAQ:TSLA) public assurances over the production of its newest auto 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.

While Tesla chose China, not India, as the venue for its first production facility outside of California, Musk's latest tweets are nonetheless interesting for keen Tesla-watchers in India.

The company also said on Friday that 44 per cent of its third-quarter net profit was from previously undisclosed regulatory credits.

Deepak, who has over 20 years of financial experience in the global auto industry, was Tesla CFO between 2008 and 2015, and later returned again as CFO of the company in February 2017.

"Aside from the settlement with the SEC relating to Mr. Musk's statement that he was considering taking Tesla private, there have not been any developments in these matters that we deem to be material", the company wrote in the filing.

"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)".

In the Recode interview, Musk said he was willing to make a more "conventional" truck in the future if it will sell better.

India might see partial presence of Tesla by 2020.

Model S and Model X sales in China will likely continue to be hurt by recently increased tariffs imposed by the Chinese government on US-manufactured vehicles, it said. Recently, the company also confirmed that it was able to manufacture as many as 5,000 Model 3 cars in a day at its Nevada Gigafactory, allowing it to deliver pre-ordered units to customers.

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