Elon Musk JUST Got SNUBBED By Indian Modi Government!
A day after the tech billionaire Elon Musk said that his electric vehicle company Tesla was facing a “lot of challenges” in launching its cars in India, Industry, and commerce minister of Telangana KT Rama Rao has invited Tesla Inc’s chief executive Elon Musk to set shop in his state. In response however, Musk said that Tesla is currently working through a lot of challenges.
Hey guys! Welcome back to our channel Elon Musk Evolution where we tell you all the latest news about Elon Musk and his multibillion companies. In today’s video we are going to talk about Elon Musk’s plans to build a factory in India and what challenges currently faced by the company are delaying the plans for this futuristic factory? If you want to find out more, then stay with us until the end of the video. Also, before we start the video don’t forget to hit like, subscribe to our channel and ring the bell icon for more amazing videos. And let’s get started!
Tesla is aiming at building factories around the world as a part of its plan to increase production of its vehicles massively and transform energy usage. All of the factories that Elon Musk has established till today are giving a tough competition to the rest of the auto makers and there are more factories planned by him in the future.
Tesla is building more factories across the globe for two major reasons. The very first reason is to simplify the production process. Musk talked about this in February 2020, when he explained that a factory in each continent of the world would mean that the cars could reach the customers faster as there will be less distance to travel, and each facility would focus on meeting the legal criteria for fewer territories. The second reason is to reach the terra-watt hour battery production levels that Musk said in July 2019 will help make a huge shift in world’s energy usage.
In one of his interviews about growth of tesla CEO Elon Musk said that demand for new tesla is “the best we’ve ever seen” as the demand grows companies needs more space for the production purpose. The launch of tesla’s new giga factory in Texas will revolutionize the market and it has been expected that the coming years will be immensely eventful for tesla, as with their new cyber trucks and tesla semi coming up, they need a huge space to keep up.
So, according to the recent updates Elon Musk is planning on opening a new giga factory in India. The billionaire is quite happy by the performance of its factory in Shanghai, China and wants to expand the network further. Musk has a new goal in mind to achieve the target of producing 20 million vehicles by 2020 and he knows that it will only be possible by opening more factories across the globe.
“I’m not saying for sure we’ll hit 20 million vehicles,” Musk told analysts and investors on the conference call.
“But it does seem like a good goal to have because that would mean that we’re replacing 1% of the global fleet per year.”
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