ⓘ Featured Image Credits: Reuters
Elon Musk, CEO of Tesla, billionaire and the richest man in the world has reportedly claimed Tesla’s artificial intelligence (AI) as the best in the world. Musk says that his company is not just an electric car manufacturer but more of an AI robotics firm.
Elon Musk, on Monday, said that Tesla is developing one of the strongest hardware and software AI teams to revolutionize the AI and Robotics ecosystem across the globe.
Tesla also reported $10.3 billion in sales and net income $438 million in Q1 2021 – signifying an outstanding 74 percent increase compared to the same duration last year.
Tesla in India
In October 2020, Aaditya Thackeray, State Tourism Minister (Maharashtra, India) invited Tesla to India via Maharashtra, which he revealed in his tweet.
Tesla manufacturing plant in India
In January, the US-based and world’s leading electric-car maker incorporated Tesla Motors India and Energy Private Ltd with its registered office in the southern city of Bengaluru, notably a global hub for technology startups and companies.
Tesla starting price in India
According to various recent media reports, Tesla is projecting to launch 5 cars in the year 2021-2022, including:
- Tesla Model 3 – price: INR 60,00,000
- Tesla Model S – Price: INR 1,50,00,000
- Tesla Model X – Price: INR 2,00,00,000
Tesla and Tata Motors
Tata Motors Ltd, the car-making unit of Tata Sons, India’s leading automobile giant, last month denied rumours around Tesla-Tata tie-up, after media reports suggested the two companies were discussing a partnership. However, according to various media reports, Tesla is exploring a partnership with Tata Sons’ power generation unit, Tata Power.
Tesla – Tata rumour
The rumours of a strategic partnership between the two car manufacturers took centre stage after Tata Motors Electric Mobility, in a tweet said, “Aajkal tere mere pyaar ke charche hain akhbaar mein, Sab ko malum hai aur sabko khabar ho gayi!”. The tweet also included two hashtags, #WelcomeTesla and #TeslaIndia.
Tata Motors’s Electric Mobility Twitter handle, in January created a lot of buzz when it dropped hints of a possible collaboration of the Indian company with popular EV manufacturer Tesla. The Tweet was removed and Tata Motors has also put out a statement denying any strategic partnership.
Tesla booking in India – Model 3
The US electric vehicle giant will bring its best-selling and most affordable Model 3 here by end of first quarter of FY 2021-22.
How to buy Tesla shares in India
To buy the Tesla stock from India, you need to open an international brokerage account and start investing in the US stocks and ETFs. The international trading account firm helps you complete the KYC requirement, open a bank account in the US, adhere to the RBI’s LRS formalities etc. Once the account gets opened, which typically will take about 5-7 days, you can transfer funds from the Indian account to the US bank account and start investing from India.