Tesla CEO Elon Musk Hints at the Possibility of a Presence in India by 2019
【Summary】The CEO of Tesla, Elon Musk recently tweeted that India is among a list of regions where the company plans to expand its operations.
Recently some reports were discovered in China which indicate that electric car manufacturer Tesla will be expanding its operations in Asia. The electric car company is planning on establishing its first overseas Gigafactory in eastern China. Tesla CEO, Elon Musk recently tweeted that India is also among a list of regions where the company plans on expanding its operations over the course of the next couple of years.
In response to a query about easier access to service locations for Tesla owners, Musk tweeted that the company is also planning on expanding its service network in existing markets.
The Tesla Model 3
The Tesla CEO went on to list the countries where Tesla is planning to expand its operations. These include North America, Japan, Eastern Europe, and China. Following this, Musk also mentioned that Tesla will seek to establish a presence in India, South America and Africa. The company plans on beginning this expansion by next year, which will be followed by a broader expansion plan in 2020.
The Model 3 has become one of the most popular offering from the EV manufacturer. An earlier tweet by Musk mentioned that company's presence in India depends on Tesla's ability to source parts and components locally. If the company manages to succeed in the localization of parts, it can bring the mass-market Model 3 to new markets with a competitive price tag.
Musk broadcasted another tweet weighing in on this plan of having an international presence across several continents based on the existing local production model. The CEO commented that Tesla wants to reduce the cost of production so that they are able to offer electric cars with the cheapest price tag possible.
Last month, Musk tweeted that Tesla Model 3 is the safest mid-size car available in North America. This claim attracted substantial speculation, but the Tesla CEO has gone on to make another bold claim. Musk claims that Tesla's partnership with Panasonic is responsible for 60 percent of world's electric vehicle battery production.
Currently, Tesla manufacturers 3 models, the Model X, Model S and the latest midsize mass-market offering, the Model 3. Tesla also confirmed that a crossover vehicle will join the company's lineup, which will be based on the current Model 3 platform.
Manish Kharinta is a automotive writer based in the Los Angeles area. He has worked for automotive industry websites TheSmokingClutch.com, CarDekho.com and CarBikeindia.com. His experience ranges from covering auto shows, to car reviews and breaking automotive news. Manish aims to bring forth his unique perspective on automotive design and technological innovations in the automotive industry.
Tesla's Model 3 and Model Y Prices Increase in China as the Country's EV Subsidies Are Reduced
Here’s Everything You Need to Know About the 2023 Subaru Solterra EV
BMW's Electric i7, i5 M & i4 M to Get a 750 HP Tri-Motor Powertrain
The Tesla Model 3 Rear-Wheel Drive Replaces the 'Standard Range Plus' as the New Base Version
The New BMW i4 Electric Sedan Has Officially Entered Production at the Automaker's Munich Plant
EV Charging Providers Electrify America & Ionity Reach '1.21 Gigawatts' of Total Power in Their Combined Network
Honda Unveils New Fully-Electric Crossovers for the China Market
General Motors Confirms That Electric Versions of the Blazer & Equinox Are in the Works
- Electric Truck Maker Rivian Has Roughly 55,400 Preorders, Says it Won’t Be Able to Deliver Them All Until the End of 2023
- Honda Unveils its New ‘SENSING 360’ Omnidirectional Safety & Advanced Driver Assist System
- Autonomous Delivery Startup Nuro Raises $600 Million in Latest Funding Round, Raising its Valuation to $8.6 Billion
- GM Announces Supply Deal with Wolfspeed for Silicon Carbide (SiC) Chips for its Future EVs
- General Motors Extends Production Shutdown of the Chevy Bolt EV Until Sept 24 Due to Battery Recall
- Hedge Fund Firm ‘Engine No 1’ Takes Stake in General Motors - Betting Big on its All-Electric Future
- Autonomous Driving Simulation Software Developer Applied Intuition Raise $175 Million in Series D Funding, Raising its Valuation to $3.6 Billion
- Porsche’s eFuel Could Help Gas Cars Stick Around
- Brembo Unveils a Breakthrough Electro-Mechanical Brake System Called ‘SENSIFY’ That’s Powered By AI
- iPhone Assembler Foxconn Unveils 3 New Electric Vehicle Prototypes as it Prepares to Diversify its Business by Building EVs