Tesla Revs Up India Market Entry: Elon Musk's Next Big EV Frontier?
Portfolio Pulse from Shomik Sen Bhattacharjee
Tesla Inc (TSLA) is reportedly renewing its interest in India's growing electric vehicle (EV) market, with a high-ranking delegation meeting Union Commerce Ministry officials in New Delhi. The company aims to ramp up production to 20 million electric cars annually by 2030 and diversify its dependency on China.
May 29, 2023 | 12:17 pm
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Tesla's renewed interest in India's EV market could help the company achieve its ambitious production goal of 20 million electric cars annually by 2030 and reduce dependency on China.
Tesla's renewed interest in India's growing EV market could help the company achieve its ambitious production goal of 20 million electric cars annually by 2030. This move would also help Tesla diversify its dependency on China for production and sales. As the Indian market is expected to change dramatically in the next few years, this could create a significant opportunity for Tesla, positively impacting its stock price in the short term.
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