![]() Tesla has been rumored to be working on a cheaper electric car based on its next-generation platform. The publication claimed that Tesla is looking to build a factory producing 500,000 units of a new ~$24,000 electric car in the country:Īfter years of dilly-dallying, Elon Musk’s Tesla has opened discussions with the Indian government for an investment proposal to set up a car factory in the country with an annual capacity of as many as 5 lakh electric vehicles with prices beginning from Rs 20 lakh. I suspect the profits will be in the Giga Press technology and drastic reduction in parts necessary.Ī very, very big deal. We can get into debates about whether or not another is needed to supplement 3/Y, but 3 factories suggests one particular goal: a Tesla EV for the masses. ![]() What is relevant is Tesla appears to be planning to build a minimum of three factories concurrently: Mexico, somewhere in Europe, and somewhere in Asia.Ĭurrent capacity is sufficient to meet demand for the models it currently makes. ![]() Whether or not India becomes a location is nearly irrelevant. For me the big takeaway is Tesla's activity around multiple factory locations on different continents.
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