2021-02-17 Tesla To Build Factory In Karnataka, India

Tesla has negotiated to build a factory in the state of Karnataka in India.

I’ve heard opinions about the Indian market for Tesla vehicles and they think that India’s middle class – forget the poor – could afford to buy only tens of thousands of EVs, not enough to justify building a car factory there. Some suggested Tesla should build a factory for 3-wheeled electric rickshaws selling for $4000 apiece. 😮🙄

So the pundits believe most of the Tesla factory will be for making batteries and energy products like Powerwalls and solar roofs. They believe there is a huge market in India for these.

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