Elon Musk's electric car maker Tesla is reportedly just a few steps away from entering the Indian market as the firm might secure the deal in 2024.
Elon Musk's electric car company Tesla and the Indian government are likely to finalise their deal to bring the America-made vehicles to the country. According to reports, Tesla might enter the Indian market in 2024.
Bloomberg reported that India is inching closer to shaking hands with Tesla Inc, which would allow the US automaker to ship cars to the country. It is also expected that under this deal, Tesla would set up a factory in India in 2024.
The announcement regarding the deal can be made during the Vibrant Gujarat Global Summit in January 2024, said a source quoted by Bloomberg. Tesla is considering Maharashtra, Tamil Nadu and Gujarat to set up their electric vehicle (EV) factory.
Tesla is also expected to make an initial investment of USD 2 billion to set up shop in India, and would look to increase purchases of auto parts from the nation to as much as USD 15 billion, reported Bloomberg.
Sources have also said that the plans are not finalised yet and could change in the future. Elon Musk's company is eyeing Maharashtra and Tamil Nadu since they already have well-established ecosystems for electric vehicles and exports. Gujarat is being considered because of the rapid increase in infrastructural development.
Apart from auto parts and shipping EVs, Tesla Inc is also planning to make some batteries in the country to bring down the costs. Tesla currently has factories set up in the US, China and Germany, and the Modi government's push for increasing EVs in India could lead to a major revenue boost for Elon Musk's firm.
India's electric vehicle market still remains low, with battery-powered cars accounting for just 1.3% of the total passenger vehicles sold last year.
While tariffs on importing Tesla vehicles to India can be exceptionally high, the prices could drop down to as low as ₹15 lakh if the vehicles are locally made.
In a response to OpenAI's chief scientist Ilya Sutskever's tweet, Musk questioned if something dangerous is happening at the company.
OpenAI's chief scientist Ilya Sutskever took to X to share how he "deeply regretted" his participation in the board's actions to remove ex-CEO Sam Altman from the company. Not only that, but he also added, "I never intended to harm OpenAI. I love everything we've built together, and I will do everything I can to reunite the company."
Soon after Sutskever's post went viral on social media, it even prompted a response from billionaire tech giant Elon Musk. In a response to the tweet, Musk questioned if OpenAI is doing something dangerous. He wrote, "Why did you take such a drastic action? If OpenAI is doing something potentially dangerous to humanity, the world needs to know."
Elon Musk's tweet to Sutskever was shared just a few hours ago. Since being posted, it has garnered more than two lakh views. The share also has more than 5,700 likes and numerous comments
