Tesla Eyes Battery Storage Production In India, Expanding Beyond EVs
Portfolio Pulse from Anusuya Lahiri
Tesla Inc (NASDAQ:TSLA) is planning to produce and sell battery storage systems in India and has submitted a proposal for incentives to establish a factory in the country. The company has also been in talks with Indian officials about setting up an EV factory to produce a $24,000 car. Tesla's Powerwall plans are part of a broader strategy for India, extending beyond EVs. Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang recently concluded a tour of India, focusing on business opportunities in the nation.
September 21, 2023 | 2:53 pm
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Nvidia CEO Jensen Huang's recent tour of India, focusing on business opportunities, could potentially lead to increased business for the company in the country.
Nvidia CEO Jensen Huang's recent tour of India, focusing on business opportunities, could potentially lead to increased business for the company in the country. However, it is still early stages and no concrete plans have been announced.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Tesla's plans to produce and sell battery storage systems in India could potentially increase its market share and revenues.
Tesla's expansion into battery storage systems in India could potentially increase its market share and revenues. However, the company's plans are contingent on receiving incentives from the Indian government, which have not yet been granted.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90