Tesla Expanding to India

Tesla Model 3 - more from tesla

CBJ — Elon Musk and his innovative automotive company Tesla are planning to branch out to India. Musk confirmed the news on his official Twitter account.

The electric and autonomous vehicle maker will begin with a sales team and then perhaps expand to assembly and manufacturing depending on the level of interest from the citizens of India.

For Musk, it’s tempting to dabble in India because it has the world’s second-largest population behind only China. The question now is whether enough people there are ready to invest in his new technologies. There is no question that the country has made strong overtones about cutting down on its dependence on fossil fuels.

The first model to be launched will be Model 3, the cheapest among Tesla vehicles, with prices starting at nearly $75,000USD.

@CanBizJournal

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