Tesla sets up its Indian subsidiary in Bengaluru, Karnataka govt confirms company’s R&D centre, assembly plant will be set up soon
The key markets within India could initially be Bangalore, Delhi and Mumbai followed by other cities like Hyderabad, Chennai, Pune and others.
Tesla says it has delivered 97,000 vehicles in the third quarter, fewer than some analysts had expected.
In February, the first month of the car being available there, Tesla sold 3,657 Model 3s in Europe.
While FAME II policies are a step in the right direction, it's essential that there is an environment for multiple car-makers to compete
While the Model Y will share the Model 3 platform, it is expected to include a slew of new features.
The US Securities and Exchange Commission had asked the court to hold Elon Musk in contempt.
Tesla said the current prices are valid until 18 March and hikes are limited to expensive variants.
Tesla’s pared-down version of its Model 3 sedan launched, the base model will have 220 miles of range
The initial deliveries will go to customers who placed their orders before the end of 2018.
This price cut brings the cost of Model 3 to about $35,000, confirmed Tesla CEO.
As of now, Japan’s Panasonic is the exclusive battery cell supplier for Tesla cars.
Tesla Model 3 gets green signal in Europe, cheapest version starts at EUR 58,800
Tesla last week said it would cut thousands of jobs to rein in costs as it plans to increase production.
Tesla is cutting down on jobs by 7 percent, while its shares are now down by 4.1 percent.
Tesla operates its own stores but does not use franchised dealers or traditional ads and marketing.
High-volume Model 3 production in Tesla Gigafactory 3 is expected to start sometime in 2020.
Many industry watchers have called the Apple Car the worst-kept secret of the Silicon Valley.
Tesla in August said that it expects to build a total of up to 55,000 Model 3s in the third quarter.
Tesla is trying to iron out production bumps after struggling to produce Model 3 sedans.
Elon Musk said India generally makes him hopeless when it comes to tough government regulations.