Tesla coming to India in 2019, says Elon Musk

06 November, 2018, 13:59 | Author: Darnell Taylor
  • Highlights from Elon Musk’s interview with Recode

It is not clear how numerous more than 400,000 reservations for the Model 3 are for the base models.

The Model 3 saloon is by far a more affordable vehicle than Tesla's previous models.

Similarly, in May, Musk had made apparent the challenges Tesla was facing when it came to executing the company's plans for India.

The entrepreneur himself describes the tunnel as "disturbingly long", running from beneath the headquarters of another of his companies - SpaceX - to a suburb of LA.

The Tesla founder had announced earlier this year that he expects to travel to India in early 2019.

Tesla finally met that target in June of this year.

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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.

Tesla's SEC filing said that an enforcement action from either agency could damage its business, cash flow and future prospects.

The company agreed as part of the SEC settlement to closely monitor Mr. Musk's social-media commentary. Messages were left Friday seeking comment from the SEC and the Justice Department. It's not good news, however, for investors trying to ascertain if the worst is over for the carmaker amid the fallout from Musk's short-lived plan in August to take the company private.

Tesla has denied the claims, saying it disclosed production bottlenecks once identified, and pointing to Musk's public statements that the company was undergoing a period of "production hell" in 2017.

Musk spilled the beans after a Twitter user responded to his Tweet about Tesla and Panasonic together being the largest producer of batteries for electric vehicles in the world.

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