Mrzorro
2023-09-22

Tesla Looks to Build EV Battery Factory in India


$Tesla Motors(TSLA)$  may build a plant to make and sell batteries in India as part of its plan to expand into the country, one of the biggest fast-growing economies.


The electric vehicle maker has been in talks with the Indian government and is seeking incentives to build a plant to make its Powerwall system, which can store power from solar panels. Reuters reported the news Friday, citing unidentified people familiar with the talks.


Tesla (ticker: TSLA) Chief Executive Elon Musk visited India earlier this year and has spoken publicly about setting up a factory to build cars there. He's in good company -- $Wal-Mart(WMT)$  , $Apple(AAPL)$ , $NVIDIA Corp(NVDA)$  and $Amazon.com(AMZN)$  are also expanding in India.


Tesla shares climbed 0.7% in premarket trading Friday. They have more than doubled this year.


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  • cheerzy
    ·2023-10-10

    LOTs of catalysts. 2 year and growing Cybertruck delays, US sales dropping, China sales dropping, prices dropping, open FSD fed investigations, 2 dated EVs to pick from with worst in the industry quality. MANY MANY catalysts. MOON.

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  • bubblyx
    ·2023-10-10

    What Happened: The analyst, renowned for their predictions on Apple, said that 100-200 Cybertrucks will be shipped by the end of 2023. This number will increase to 100,000 to 120,000 in 2024 and further to the 240,000 to 260,000 range in 2025, Kuo said.

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  • wigglyz
    ·2023-10-10

    tesla down $1.55 while Nasdaq futures was still green, down she goes tomorrow.

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  • frosti
    ·2023-10-10

    No brainer to load up on TSLA with the war igniting and oil skyrocketed. Tsla will have a good next three months.

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  • pixiezz
    ·2023-10-10

    tesla shorts lost another 2.34B in September.

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  • vippy
    ·2023-10-10

    Tesla added apple play, that's worth 450 per share

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