Tesla unveils plan this month to invest and build a new factory in India
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ The article reported that Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said.
Reuters has previously reported that Tesla officials are expected to visit India this month to look at sites for a manufacturing plant that would require an investment of about $2 billion. See related article:
1. Tesla to scout sites in India for US$2 billion-US$3 billion EV factory
1. Tesla to scout sites in India for US$2 billion-US$3 billion EV factory
Comment: India EV market is huge. Those who cry Tesla is going to fail are obviously spreading FUD about the stock. Even BYD is unable to break into India EV market.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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盈利加仓Bull888888 : Build so many, who are you selling to
72734102 : Tesla gets in, in India!!!! It will crush BYD! I will sell 1/2 if my BYD and scoop up more bargain price on Tesla! Remember Tesla just Outsold BYD by 40% (80,000) more retail sales than BYD in 1 st Quarter! Plus, Tesla FSD n Robotaxi will be a Trillion dollar market.
ZnWCOP 盈利加仓Bull888888: India is a huge market. The lower import tax implies that Tesla can sell EVs in India made from China at competitive prices.
India cuts import taxes on EVs in win for Tesla’s entry plans
https://www.moomoo.com/community/feed/112099325902854?share_code=00RszK
72734102 : This will Crush the other wanna be EV makers! Who really are learning from Elon how to be successful!
