Elon Musk's Tesla Roadster just floated past Mars

Cesar Mills
November 7, 2018

In addition, Musk noted that the commercial success of the pickup is not so critical, but he would like to release this new product.

The founder of Tesla's Elon Musk plans to create a brand-new vehicle that runs on electrical energy.

Tesla's expansion plans include India, as well as Africa and South America.

Tesla and Musk have regularly stated their intentions to enter the Indian market, but stringent government regulations have hampered its chances, just like what Apple has been facing.

The $58 billion company agreed as part of the SEC settlement to more closely monitor Musk's social-media commentary.

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He also compared Apple with his company Tesla. The year before, in another tweet, Musk had said he was keen to build an India-wide network of superchargers, which are fast-charging stations for electric auto vehicles.

India might see partial presence of Tesla by 2020. "Tesla will be there as soon as he believes we should".

In June 2017, Musk had confirmed on Twitter that Tesla was "in discussions with the government of India".

The SEC had also issued subpoenas in connection with CEO Elon Musk's previous statements that he was considering taking the company private.

"When we started the Model 3 production ramp, we were transparent about how hard it would be", the company said in a statement. The lawsuit cites repeated promises in 2017 that Tesla was "on track" to build 5,000 Model 3s per week by the end of that year at its factory in Fremont, California. A year later, India's Transport Minister Nitin Gadkari also visited Tesla's manufacturing plant in the US. While Tesla will set up auto production facilities in Europe and China, the company plans to set up battery manufacturing plants in every continent to keep the costs in line.

Other reports by GizPress

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