Elon Musk hints at 'partial investment plan' in India by 2019


The tweet, which Mr. Musk later said was a joke to amuse his goth girlfriend, caused the company stock to fall 14%. The tech entrepreneur tweeted about its plans for India in response to a query about the company's service capabilities outside North America.

SpaceX, helmed by CEO Elon Musk, drew buzz in February after revealing it would launch Starman and the Tesla into space.

Tesla's expansion plans include India, as well as Africa and South America.

American billionaire Elon Musk said that Apple uses the technique, in particular the smartphone of their production.

He also compared Apple with his company Tesla.

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Still, in his most recent tweet, Musk outlined the company's long-term vision for expanding beyond its current biggest markets.

After setting a partial presence in India, Tesla plans to expand operations to India by 2020.

India lost a good deal past year when Tesla agreed to build its first factory outside the USA in Shanghai, China, despite the fact that the company had been exploring the possibilities of setting up a plant in India for months.

"The SEC has issued subpoenas to Tesla in connection with ... certain projections that we made for Model 3 production rates during 2017 and other public statements relating to Model 3 production".

According to the website, the rear-wheel-drive model has a "mid range" battery, a range of 260 miles, 50 miles less than the long-range battery that the more expensive Model 3 is equipped with. The lawsuit cites repeated promises in 2017 that Tesla was "on track" to build 5,000 Model 3s per week by the end of that year at its factory in Fremont, California. Taking into account the cost of transoceanic transportation and import tariffs, Tesla now spends 55-60% more operating costs than it does to produce the same auto in China. The company could manufacture it limited quantities.