techkenyot.com
techkenyot.com January 18, 2019


Elon Musk has plans to create a new auto

06 November 2018, 01:57 | Edward Lowe

An illustration of SpaceX's Big Falcon Rocket or BFR launching through Earth's clouds and toward space. SpaceX

An illustration of SpaceX's Big Falcon Rocket or BFR launching through Earth's clouds and toward space.       SpaceX

The tweet, which Mr. Musk later said was a joke to amuse his goth girlfriend, caused the company stock to fall 14%. In such a situation, entering India to compete against Indian players like TATA, Hero MotoCorp.etc, along with global players way ahead in the game, could prove to be a challenge for Tesla.

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

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The user had asked if Panasonic "will also be a partner of the China giga battery production", to which Musk said that Tesla plans to source cell production locally "most likely from several companies", including Panasonic.

Founded by businessmen Martin Eberhard and Marc Tarpenning in July 2003, Tesla is an American automotive and energy company. He stated that the brand was completely missing vast geographic areas in some cases and needed to look beyond just the major metro cities in North America, Eastern Europe, China and Japan. At the time, he cited "some challenging government regulations" as a hurdle.

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Tesla has weathered a rocky few months in the wake of Musk's tweets that he had "funding secured" for a deal, later scuttled, to take Tesla private. Deepak Ahuja, our CFO, is from India.

As part of the settlement, Musk was forced to resign his position as chairman at Tesla for three years, with Musk and Tesla paying fines of $20 million each (£15m).

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The FBI's investigation also targets the Model 3 production targets, while the DOJ is examining Musk's privatisation statements. 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. The company may produce it in a limited quantity.



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