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Tesla may launch in India this summer: Musk

9 February 2017
Economics&Markets
energynomics

Electric car maker Tesla Inc may enter the Indian market this summer, Chief Executive Elon Musk tweeted on Tuesday.

Replying to a question on Twitter regarding whether Tesla plans to launch in India, Musk tweeted: “Hoping for summer this year”, according to Reuters.

He did not offer any further details.

Tesla Motors Inc recently announced that changed its name to “Tesla Inc” as Chief Executive Elon Musk looks to transform the Silicon Valley firm from an electric car maker to a diversified energy products company.

In October, Musk unveiled solar-powered roof tiles that eliminate the need for traditional panels and a longer-lasting home battery illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp, according to Reuters.

Tesla won approval in November from its shareholders to acquire SolarCity, for a stock swap deal worth about $2 billion, in which Musk was the largest shareholder.

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