Elon Musk-led Tesla's next big bet: Selling cars in one of the world's largest auto markets - India; reports say talks are moving forward
Tesla in serious talks with Indian government
According to latest reports, Tesla's talks with India is currently underway, and they may soon be planning on selling their cars in one of the world's largest automobile markets, something that thy have been planning on doing for years now.
High import duties on vehicles brought into India is one of the major reasons why Musk has been having trouble doing business in India. However, the recent adjustments to the vehicle import policies for a select few EVs by the Indian government will give enough room to Musk's company to setup its base in India, and begin selling their vehicles.
Did Musk's visit to China see a slight hiccup in Tesla's India plan?
These talks between Tesla CEO Elon Musk and the Indian government saw a sudden jerk when the billionaire business tycoon ended up visiting China instead, latest reports suggest that the collaboration is now moving forward.
FAQs:
Is Tesla owned by Elon Musk?
No, Tesla is not solely owned by Elon Musk. Instead, Elon Musk is the largest individual shareholder of Tesla, owning a whopping 13% of the company's stock.
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