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Tesla to pick location for new factory this year -Musk By Reuters

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© Reuters. FILE PHOTO: Twitter, X Corp., and Tesla CEO Elon Musk poses prior to his talks with French President Emmanuel Macron, Monday, May 15, 2023 at the Elysee Palace in Paris, France. Michel Euler/Pool via REUTERS

(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year.

When the Wall Street Journal’s Thorold Barker asked Musk if India was interesting, he said, “Absolutely”.

Tesla (NASDAQ:) is “serious” about its plans to establish a manufacturing base in India, the country’s deputy minister for technology told Reuters in an interview last week.

Tesla announced earlier this year that it would open a gigafactory in Mexico as the world’s most valuable automaker pushes to expand its global output.

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Reuters

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