Tesla Motors CEO Elon Musk in a tweet expressed the reason for not having any presence in India. He attributed government regulations as the major hurdle for Tesla’s entry into the country of 1.3 billion population.
He added that Tesla Motors chief financial officer who is also from India would decide on the timeframe.
“Would love to be in India. Some challenging government regulations, unfortunately. Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should,” Musk said in the tweet
Billionaire Elon Musk on Friday took to Twitter to reveal why American electric carmaker Tesla was formed. Musk said Tesla was started after General Motors recalled all electric cars from customers in 2003 against their will. Tesla was not formed to make money, as its founders thought there was a “90% probability of losing it all,” he added.
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