A sustained rally in Tesla shares has made its founder Elon Musk the richest man in the world, ahead of Jeff Bezos of Amazon. Musk's personal wealth had been boosted by last year's more than eight-fold surge in the shares of Tesla, which became the world's most valuable car maker. Tesla shares have nearby tripled in value in the last six months, pushing up the company's market cap to an astounding $773 billion.
But as you read the thumbnail Tesla is coming to India. It was reported yesterday that Tesla was all set to enter India and a regulatory filing showed that the company has been registered in Bengaluru. The electric vehicle manufacturer starts is operations with an Research and Development unit in Bengaluru.
It registered it's name in the registrar of companies with the name 'Tesla motors India and energy Pvt Ltd' on January 8th as per tweet made by the company in its official Twitter handle. Confirming this Karnataka chief minister BS Yediyurappa welcomed Tesla and its founder Elon Musk and wished him luck in Twitter.
Tesla also appointed three directors naming David Jon Feinstein, who is also the global senior director at Tesla. The second director is Vaibhav Taneja, who is also the Chief accounting officer at Tesla and the third director is Venkatrangam Sreeram, who is also associated with Xenon Automotive Industry as director.
BIGGEST CHALLENGES TO BE FACED BY TESLA IN INDIA
1. PRICING
The cheapest variant of Tesla in the United States is Model 3 costing around $35000 (approx. 2.5 million Indian rupees) which is unaffordable by most of the Indian families, the first challenge for Tesla in India would be to reduce the pricing of the car, but many Tesla fans are willing to spend the amount to buy a Tesla.
2. CHARGING STATIONS
In the US there are 908 stations for around 350 km mileage for every Tesla car, the second challenge for the company would be to build charging stations in India where theft of public property is high, so the government of India (transportation department) are planning along with electric car making companies to install charging stations in petrol bunks. Hopefully they are successful in making the right plan.
Tesla charging station in United States.
3. AUTO DRIVING
One of the key features and most famous feature of a Tesla car is it's auto driving feature. But here in India the roads are smaller, have pot holes and are incomplete compared to other countries, this may be the biggest problem faced by the company to release a car here. We at truly global think the carmaker will not release a auto driving car in India for sure. To release a auto driving car in India the rules for driving should be made strict and the roads should be made better.
Conclusion:
As many countries in the world announce stop of petrol and diesel cars in the mere future electric car industry is expanding rapidly and Tesla is the best company doing so. We here at truly global think that Tesla cars would come to the market by 2023 with a price range upwards of 2million Indian rupees. Hopefully everything goes well in the future for Tesla in India.
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