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    Wednesday, January 13, 2021

    Elon Musk's company Tesla drives into India through Bangalore, with electric cars about to commence

    Elon Musk, the second richest veteran of the world's electric vehicles manufacturer, entered India after a long waiting time. Here Tesla is going to produce and trade luxury electric cars. It has officially registered with the name of Tesla India Motors & Energy Private Limited in Bangalore. The office of the company is located at the Richmond Circle Junction in front of the Bangalore Club.

    Tesla has been welcomed by Karnataka Chief Minister BS Yeddyurappa. According to the Ministry of Corporate Affairs, Tesla registered in Bengaluru on January 8 with a capital of 1.5 crore. Its registration number is 142975. Its directors are Vaibhav Taneja, Venkatarangam Sriram and David John Feinstein. Taneja is CFO at Tesla, while Fenstein is Global Senior Director, Trade Market Access at Tesla. The company may launch the Model 3 in India with distribution commencing at the end of the first quarter of the year.

    Union Minister Nitin Gadkari said that Karnataka will lead India's journey towards Green Mobility. He said electric vehicle maker Tesla would soon start its operations with a research and development unit in Bangalore, India. I welcome Elon Musk to India.

    On Twitter, Elon Musk revealed that since last year Tesla's arrival in India had been under debate. In a tweet in October Tesla Chief Executive Officer Elon Musk said his firm was entering the Indian market in 2021. Minister of the Union Nitin Gadkari has announced that Tesla will begin operations in India next year. He said India has the ability in the next five years to become the world's largest manufacturer of electric vehicles.

    The annual revenue of Tesla rose 36% by 2020. The business was, however, behind the annual target of 5 lakh cars supplied. In its report, the organization announced that 499,500 vehicles were delivered in 2020. This include the availability of 180,570 SUVs and sedans between October and December. Elon Musk had expected delivery of half a million vehicles in 2020 prior to the coronaviral disease outbreak. 

    Tesla CEO Elon Musk became the world's richest man on Thursday last week. He left behind Jeff Bezos of Amazon. Elon Musk's net worth rose to more than US $ 188 billion, which is a billion dollars more than the US $ 187 billion net worth of Amazon founder Jeff Bezos. This happened due to the continuous increase in the share price of Tesla. However, Elon Musk's crown of being the richest in the world remained for a few days. After this Jeff Bezos again became the richest man in the world.

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