Tesla to make Indian debut in 2019? Here's what Elon Musk says

Pablo Tucker
November 7, 2018

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.

In February, Elon Musk's SpaceX launched a Tesla Roadster vehicle manned by Starman, a mannequin in an astronaut suit, into the sky.

This isn't the first time Space X CEO has shown interest to enter the Indian market. "The DOJ has also asked us to voluntarily provide it with information about each of these matters and is investigating", the California-based company said in a filing.

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

Tesla has received a subpoena from the US Securities and Exchange Commission over forecasts it made about Model 3 auto production in 2017. 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.

After setting a partial presence in India, Tesla plans to expand operations to India by 2020. A sketch of the novelties presented at the presentation of the first truck Tesla.

Earlier in May, Musk had hinted out his firm's entry to India via micro-blogging site Twitter.

One of the world's most innovative auto maker Tesla Motors is coming to India by 2019. Early a year ago, Musk had said he hopes to launch the company's electric vehicles in India by the summer of 2017.

Model S and Model X sales in China will likely continue to be hurt by recently increased tariffs imposed by the Chinese government on US-manufactured vehicles, it said. During the visit, he had invited Musk to set up a production facility in India and make India the manufacturing hub for the company's Asian markets.

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