How Many Tesla Cars In India?
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These are the only people in India who owns Elon Musk’s Tesla cars www.lokmattimes.com By Lokmat English Desk | Published: January 14, 2022 05:21 PM 2022-01-14T17:21:05+5:30 2022-01-14T17:21:05+5:30 Next The world’s richest man Elon Musk’s Tesla car is awaited by many. Even after the registration in January last year, the launch status of Tesla in India is still unclear. But there are some Tesla fans who can’t wait for the car to launch. Even bought a Tesla car and imported it. Significantly, Tesla’s fans are over the world, including Asia’s richest man and Reliance Group’s Reliance Group. So far only three people in India have Tesla cars. Mukesh Ambani, who loves expensive cars, owns not one but two Tesla cars. In 2019, he bought his first Tesla car. His first Tesla car is the Model S-100D (Tesla Model S-100D). Once fully charged, covers a range of 495 km. So its top speed is 249 km per hour. After this, Ambani bought the Tesla Model X 100D and imported it. This white Telsa car has so far been rarely seen on the road. This car is also of mid variant and once charged it gives a range of 475 km. This car can reach a speed of 100 Kmph in just two and a half seconds. Apart from these, both the owners of Tesla cars are from Bollywood. Bollywood actor Riteish Deshmukh also got a Tesla Model X as a gift from his wife Genelia. Former Miss India Pacific Pooja Batra also owns a Tesla car. She has an entry-level Tesla Model 3. Despite being a base model, this car can reach a speed of 100 kmph in 5 seconds. The car has a range of 386 km and a top speed of 200 km per hour. In this list, the name of Prashant Ruia of Essar Group comes first. He is the first Indian to own a Tesla car. He has owned a Tesla car since 2017. They have a blue Tesla Model x. This electric car has two motors.
- 1 How much 1 Tesla car cost in India?
- 2 Who has taken Tesla in India?
- 3 How many Tesla cars are there in the world?
- 4 Can I import Tesla to India?
- 5 Can Tesla be sold in India?
- 6 Why did Tesla stop in India?
- 7 How much of Tesla does Elon Musk own?
- 8 Who is the Indian CEO of Tesla?
- 9 Why did Tesla choose India?
- 10 How can I buy Tesla from India?
Does anyone have Tesla car in India?
Tesla Model S 1000D – Without a doubt, the garage of the Ambani family is one of the most diversified in the country. The Ambani have two Tesla cars. The first one they got is the Tesla Model S 100D. The high-performance Tesla sedan is powered by multiple electric motors that generate a combined power of 423 PS and a peak torque of 660 Nm.
How much 1 Tesla car cost in India?
Tesla car price is Rs.70.00 Lakh (Avg. ex-showroom). Tesla Cars Price List (May 2023) in India.
|Tesla Model S||Rs.70.00 Lakh|
|Tesla Model 3||Rs.70.00 Lakh|
Who has taken Tesla in India?
The Story of India’s First Tesla Highlights
Tesla is still a no-show in the Indian market despite speculationsSeveral well-heeled Indians have taken to importing coveted electric carsThe first one in the country was purchased by its leading businessmen
Remember who got the very first Tesla in India? Now there are still a few Teslas that can be seen running on city roads, all of them imported of course. Yet, the first one arrived in India for a very special buyer. It was reportedly the CEO at Indian business giant Essar, Prashant Ruia, who ordered the first imported Tesla electric model in the country. Prashant Ruia privately imported this electric SUV to Mumbai and it reportedly cost him almost a couple of crores altogether. The Model X is Tesla’s flagship SUV, sporting an appealing crossover styling with seven seats. It is the world’s swiftest electric SUV with two motors.
The power and torque figures are close to 750 BHP and 967 Nm, while the car can touch 100 kmph in only 4.8 seconds. The car gets futuristic equipment including semi-autonomous driving functions and more. After Prashant Ruia’s big acquisition, Mukesh Ambani also got hold of his own S 100D model from Tesla.
This model now occupies pride of place in the famous Ambani family garage alongside Rolls Royces, Bentleys, and more. Reports state that the registration of the car has been done in the name of Reliance Industries Ltd. The company is also the second owner of the Tesla model.
This is quite usual whenever cars are imported into India since the registration first happens in the importer’s name. The S 100D makes 423 PS and 660 Nm of maximum torque, touching 100 kmph in only 4.3 seconds. It gets a 100 kWh battery and may be charged till 396 kilometres of range in only 42 minutes.
With a full charge, the car will travel till 495 kmph, while achieving a top speed of 250 kmph as well. Being an imported car, rumor has it that Mukesh Ambani had to fork out upwards of INR 1.5 crore for this beauty! : The Story of India’s First Tesla
How many Tesla cars are there in the world?
Tesla annual car production – Q1 of 2023 was relatively thriving in terms of production. Total Q1 production in 2023 was at an all-time high of 440,808 units, Compared to Q1 of 2022, production was 305,407 units, Below is complete data on Tesla annual production from 2018 – Q1 2023.
There have been 3,870,340 Tesla models produced in the past five years (including Q1 2023). Source : Tesla
Who owns the first Tesla in India?
Tesla is working on entering the Indian market. Right now they are facing a few issues with the government. However, there are some Indians who already own Tesla in India or in foreign countries. Today, we list down such popular owners. Riteish Deshmukh Tesla Model X The first one on our list is Riteish Deshmukh. He is known for his role in comedy films. He owns a Tesla Model X which is the flagship SUV that Tesla offers. It was gifted to him by his wife Genelia D’Souza. The Model X is finished in red colour which does look very attractive. Pooja Batra is a Former Miss India Pacific and actress. She owns a Tesla Model 3 which is currently the most affordable sedan that Tesla offers. Her Model 3 is located in the USA. She uses the electric sedan regularly. The first vehicle that would launch in India could be the Model 3. Prashant Ruia Tesla Model X Prashant Ruia is the Director of Essar Capital. He was one of the first Tesla owners in India. He also opted for the Model X probably because it is a SUV and is the most practical. Prashant’s Model X is located in India. You might be wondering how is that possible if Tesla still does not sell its vehicles in India.
- Well, Prashant imported a Model X finished in Electric Blue colour to India in 2017.
- Since then he has been spotted driving the electric SUV quite a few times.
- Mukesh Ambani Tesla Model S 100D Mr.
- Ambani’s garage also known as Jio Garage owns not one but two Tesla cars.
- Both the vehicles were imported to India.
The first one is the Model S 100D. It is the flagship sedan that Tesla has to offer. Moreover, his Model S is not the regular one, he has the 100D version which is the high-performance version of the Model S. Now, Tesla has discontinued this version. The D in the name denotes dual-motors while the 100 denotes the battery capacity which is 100 kWh.
- It produces a max power output of 483 bhp and 660 Nm of peak torque.
- The driving range of the Model S is 315 miles.
- It can hit a ton in 60 miles per hour in 3.9 seconds and has a top speed of 250 kmph.
- Tesla Model X 100D The second Tesla that Ambani owns is a Model X SUV.
- This is also the high-performance variant.
It is also called 100D. One of the specialities of the Model X is its rear doors. Tesla calls them falcon wings. This is because they open upwards, kinda like gullwing doors. This makes it very easy to get in and get out of the vehicle. Moreover, they open and close automatically and have sensors in-built so they do not hit the adjacent car or the roof of the garage.
Can I import Tesla to India?
Tesla – One of world’s most popular electric car manufacturer has been planning to enter Indian market for some time. The brand registered an office in India and they have requested government to reduce import duties to make the car a lot more affordable to buyers. Images of the privately imported Tesla Model Y has now surfaced online and it was shared online by carcrazy.india on their YouTube channel. In the social media post, it looks like the Tesla Model Y was parked at a car wash shop. The tail gate and the left side door of the car is opened in the image.
According to the post, the Tesla Model Y seen here is the long range version. Tesla initially had plans to launch Model 3 their most affordable electric sedan in India. Later, they registered Model Y and the same was spotted testing on our roads in different terrains. Initially, Tesla Model 3 was not launched because the ground clearance on the sedan had to be increased to suit Indian road conditions.
Model Y is actually a crossover version of Model 3 and is slightly more expensive than that of Model 3. Both the models share several components. Minor design changes and raised height of the car gives it a crossover look. Tesla Model Y is available in two variants internationally.
- There is a Performance and a long range variant.
- The Long range variant will offer a driving range of 524 kms and has a top speed of 217 kmph.
- It can do a 0-100 kmph sprint in just 4.8 seconds.
- The Performance variant can hot 0-100 kmph in 3.5 seconds and has a driving range of 487 kms.
- The top speed of this variant is 250 kmph.
The one seen here is the Long Range variant. Also read: 10 DC Design cars & how they look in the REAL world: Maruti Swift to Mahindra XUV500 Tesla Model Y crossover comes with an 18 inch alloy wheel. The performance variant of the Model Y gets 21 inch alloy wheel. Coming to the interiors, Tesla Model Y is offered with an all-black interior. A option to customize the interior is offered with Model Y.
- Like any other Tesla, the cabin gets a minimalistic design most of the functions inside the car are controlled using the large 15 inch touchscreen that sits in the center of the dashboard.
- The Model Y is available with both 5 and 7-seater options.
- It is not clear whether the one seen here in the picture has a third row seat or not.
As mentioned above, There is a disagreement between Tesla and Indian government which is delaying the launch. According to several media reports, members from Tesla India team have either relocated to USA or have travelled to Dubai and are now focusing on Middle Eastern markets.
Why is Tesla so expensive in India?
The Bottom Line – Tesla cars are expensive, even with tax credits factored in. But they remain in high demand. One reason why the price is so high is that demand is strong. Expanding production capacity and building new factories may help moderate prices.
Can Tesla be sold in India?
Explainer: Why there are no Tesla cars in India yet This story is from January 18, 2022 NEW DELHI: Despite eyeing the growing Indian market for the last three years, US electric vehicle pioneer ‘s founder has still not been able to launch operations in the country amid impasse with the Centre over import duties and local manufacturing. While the Centre wants Tesla to set up base in India and sell locally and export, Musk insists on slashing import duties first.
The government may consider lowering import duty along with offering other sops but for that, Tesla has to set up a manufacturing factory in the country.Now, four politicians from four non-BJP ruled states have invited Tesla to set up shop in their provinces, just days after Musk said he was still facing a lot of challenges with the Centre.
Now, what is Musk’s issue with the government? Tesla’s plan to enter the Indian market has been put on hold since 2019 due to the high import taxes on electric vehicles. India levies a 60% import tax on electric vehicles priced $40,000 or less, and 100% on those priced above $40,000.
- In comparison, Tesla cars start at $44,690 (approx.
- Rs34 lakh) in the US, and selling cars in India with 100 per cent import taxes would mean shelling out around Rs 60 lakh for a car.Now, Musk has time and again tweeted, seeking a cut in import duty.
- In July 2021, Tesla CEO Elon Musk tweeted that he is hoping for ‘temporary tariff relief for electric vehicles, and that he wants to launch its cars soon in India, but Indian ‘import duties are the highest in the world by far of any large country!A month later, Tesla executives met with government officials in a closed-door meeting to even discuss the high import taxes and requested for them to be reduced.
The executives argued that it wasn’t viable for Tesla to do business in India under the current import duty structure as it would make its cars unaffordable in India. In a letter to the road ministry, the US firm even said that the effective import tariff of 110 per cent on vehicles with customs value above $40,000 is “prohibitive” to zero-emission vehicles.
- It requested the government to standardize the tariff on to 40 per cent irrespective of the customs value, and withdraw the social welfare surcharge of 10 per cent on electric cars.
- Tesla also argued that these proposals would not have any negative impact on the Indian automotive market as no Indian OEM currently produces a car ( or ICE) with ex-factory price above $40,000 and only 1-2 percent of cars sold in India (EV or ICE) have ex-factory/customs value above $40,000.However, the Modi government has so far refused to obliged with any kind of rebate.
It has, instead, suggested that the US firm could manufacture electric cars in India before any tax consessions are considered. Union Minister Nitin Gadkari even said that Tesla has a golden opportunity to set up its manufacturing facility in India given the country’s thrust on e-vehicles, and the fact that it is already sourcing various auto components from Indian automakers.Now, last week, Musk again tweeted “Still working through a lot of challenges with the government”, which immediately drew criticism from the Centre, as Tesla can can set up shop in India to manufacture EVs under the Production-Linked Incentive (PLI) window.
Mask has in the past said a factory in India is “quite likely” if Tesla can first test the waters by importing vehicles.”This has been ongoing for the last few years. Tesla wants to sell completely finished products in India while the Indian government wants to bring complete knocked down (CKD) products initially and start assembling in India,” said Soumen Mandal, research analyst, IoT, Automotive and Devices Ecosystem at Counterpoint Research.Even Niti Aayog Vice Chairman Rajiv Kumar has urged US-based Tesla to manufacture in India, while assuring the company that it will get the tax benefits it wants from the government.
“Come and manufacture in India, you (Tesla) will get all the tax benefits you want,” he had said last year while replying to a question about the company’s demand related to tax concessions. “The argument that we will create a market by exporting into India finished products.
- Is an old argument and we have moved on from that,” Kumar added.
- Road transport minister Nitin Gadkari also reiterated that he has asked Tesla several times to manufacture its electric vehicles in India, while assuring that all support will be provided by the government to the company.
- What is this PLI scheme? The Centre approved a PLI scheme (Production-Linked Incentive) of Rs 26,058 crore for the electric vehicle space to boost domestic manufacturing.
The auto component sector covered under the PLI scheme includes- electronic power steering system, automatic transmission assembly, sensors, sunroofs, super-capacitors, adaptive front lighting, tyre pressure monitoring system, automatic braking, tyre pressure monitoring system, and collision warning system.
The approved PLI scheme for the auto sector is part of the overall production-linked incentives announced for 13 sectors in the Budget 2021-22 with an outlay of Rs 1.97 lakh crore.The government expects the PLI scheme for auto industry to bring fresh investments of over Rs 42,500 crore in five years and incremental production of over Rs 2.3 lakh crore.
It would also help create an estimated additional employment of over 7.6 lakh people. To avail incentives, auto companies will be required to make investments of Rs 2,000 crore of new investments over five years, whereas 2-wheelers & 3-wheelers have to make investments of Rs 1,000 crore.
- The component makers will have to make investments of Rs 500 crore over five years under the PLI scheme.
- The PLI Scheme for auto sector is open to existing automotive companies as well as new investors who are currently not in automobile or auto component manufacturing business.115 companies, both domestic and global, have filed applications under the production-linked incentive (PLI) scheme so far for the automobile and auto component industries.
These include the likes of Maruti Suzuki, Motors, Group, MG Motor, Bajaj Auto, Hero MoroCorp and TVS Motor are among the applicants. The scheme will be effective from FY23 and the base year for computing sales value would be FY20. There is also FAME The government is also prioritizing the shift towards clean mobility, and recent moves to amend the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME) II scheme is a case in point.
- On June 11, 2021, the Ministry of Heavy Industry announced further amendments to the FAME II scheme to give a boost to EV demand among consumers.
- Under the revised policy, the subsidy per electric two-wheeler (Indian-made), which is linked to the battery size, has been increased to Rs 15,000 (US$204.60) per Kilowatt-hour (KWh) from Rs 10,000 (US$136.40) KWh.
Also, electric two-wheeler manufacturers can now give discounts of up to 40 percent to consumers, which is a significant raise from the previous cap of 20 percent. “Under the phase two of the FAME scheme, about 1,65,000 electric vehicles have been supported, as on November 25, 2021, by way of demand incentive amounting to about INR 5.64 billion (US$75.16 million).
Tax incentives States line up the red carpet, but Tesla doesn’t want to set up shop just yet There is also intense competition for Tesla Charing infra a challenge: In a developing country like India, charging Infrastructure that is needed to jump on the EV trend is still in a nascent stage even though the government is trying to develop the infrastructure at the earliest.
The government has revised GST for Indian EV makers to 5% as compared to the 29-50% range applicable for internal combustion engines vehicles. There is no special support for EVs which are not manufactured in India as of now, which is why perhaps the government has not yet given into any demands made by Tesla.
The focus right now is Make in India, and not Import into India.And, taking advantage of this tiff, leaders from four different states -Telangana, Maharashtra, Punjab and West Bengal- tweeted over the weekend, offering the red carpet welcome to Musk, be it infrastructure, sustainability or a streamlined approval process.Telangana industry and commerce minister KT Rama Rao was the first to invite Musk.
He wrote: “Will be happy to partner Tesla in working through the challenges to set shop in India/Telangana. Our state is a champion in sustainability initiatives & a top-notch business destination in India”. His pitch was followed by Maharashtra State Water Resources Minister and State NCP chief, Jayant Patil.
Maharashtra is one of the most progressive states in India. We will provide you with all the necessary help from Maharashtra for you to get established in India. We invite you to establish your manufacturing plant in Maharashtra.” he said. Soon enough, Punjab Congress Chief Navjot Singh Sidhu tweeted: “Punjab Model will create Ludhiana as a hub for Electric Vehicles and Battery industry with time-bound single window clearance for investment that brings new technology to Punjab, create green jobs, walking path of environment preservation and sustainable development”.
Soon enough, West Bengal minister Md Ghulam Rabbani invited Musk to “drop here” and set up his business in the state. “Drop here, we in West Bengal have best infra & our leader @MamataOfficial has got the vision. Bengal means Business.”Point to note: The Union ministry of road transport and highways approved four Tesla variants for local sale in 2020.
Tesla has even got a retail space in Mumbai, a registered an office in Bengaluru and support sales staff in the country. But it is yet to play ball when it comes to set up manufacturing in the country. Also, setting up car factories in India could be difficult even for local companies without any government support, as red tape, land acquisition and labor rights remain a constant challenge.
In 2008, Tata Motors was forced to abandon a near-complete facility in West Bengal after violent protests by farmers against land acquisition, thwarting its attempt to build the Nano, the world’s cheapest car, in the state.Gadkari has also warned Musk against shipping vehicles built at its Shanghai plant for sale in India.
- You should manufacture electric cars in India and also export cars from India,” Gadkari had said last year.
- If Musk agrees to do that, Gadkari said he assured the CEO that Tesla will receive significant government support.Mercedes-Benz is roll out a locally assembled EQS – the electric version of its flagship S-Class sedan – in India by the fourth quarter.
Tata Motors, which has cornered 70 percent of the electric vehicle market so far in India, wants the Centre to treat all electric vehicle manufacturers equally after Tesla demanded a reduction on import duties. P Balaji, CFO at Tata Motors had said last year, “From Tata Motors’ perspective, the Indian government through the FAME II incentives, eligibility criteria have been very clearly set for the direction in which the country should take to accelerate the adoption of EVs.This has always emphasised affordable EVs and also localisation as per the phased manufacturing plans.” Currently Tata Motors offers two electric cars in India – the Tigor EV and the Nexon EV.
It plans to launch at least 10 new electric vehicles in the next four years. Mahindra & Mahindra too has stated that an import duty cut would be unfair when the government’s priority is Make in India.South Korean auto major Hyundai Motor Company, which holds a dominant share in the Indian car segment, has also launched its first EV, The Kona Electric, to tap the newly formed demand in this sector in India while Mahindra Electric is already manufacturing EVs such as eVerito and eSupro.
Not just EVS, Musk’s Starlink is in trouble too: Last month, Department of Telecommunications (DoT) and sector regulator pulled up Musk owned Starlink ( Indian arm of SpaceX) for taking pre-bookings without any licence or authorisation to offer satellite broadband services in India.
Starlink had to refund the $99 (Rs 7,400 approx) it had collected as deposits from each of the 7,000-odd Indian citizens who had pre-booked its upcoming broadband from-space services, following which the company’s head of India operations Sanjay Bhargava resigned. Problems similar to Apple? Musk’s India problems are similar to what Apple faced when it wanted to enter the Indian market.
Back in 2017, the then commerce minister Nirmala Sitharaman had rejected Apple’s demand for import duty concessions on capital equipment, components and consumables as a condition to set up a manufacturing base in India. Sitaraman had also rejected the company’s request for a relaxation on the 30 per cent local sourcing condition for foreign direct investment in single-brand retail stores.
- In three years, Apple notched a 68 per cent jump in iPhone sales in 2020, while in the first three months of 2021, the iPhone 11 and the iPhone 12 were the top-selling premium handsets.
- This helped Apple capture nearly a third of the premium market.Apple started by assembling and manufacturing iPhones locally, devoting itself with the ‘Make in India’ programme, following which it began expanding its retail presence.
It then began to gain the market share by lowering prices, either through domestic manufacturing or by sacrificing margins. The company had put together an India team in 2018 and lobbied with the government through negotiations for three years to convince India to tweak FDI rules for single-brand retail.
Why did Tesla stop in India?
Tax hurdles for Tesla in India – Currently, India levies an import duty of 100% on cars whose Cost, Insurance and Freight (CIF) value exceeds $40,000 (Rs 30.6 lakhs), according to the Society of Indian Automotive Manufacturers ( SIAM ). On cars whose CIF value is less than $40,000, India levies import duty of 60%.
Moreover, India also levies a 125% import duty on used cars. Apart from this, India imposes a social welfare surcharge of 10% on electric cars. Last year, Tesla had written to the Road Ministry stating that the effective import tariff of 110%on cars with customs value above $40,000, is ‘prohibitive’ to zero-emission vehicles.
The U.S. firm urged the Centre to reduce the import duty on electric cars to 40%, irrespective of the customs value, and withdraw the additional 10% surcharge. It also argued that its proposal would not affect the Indian automotive market as no Indian original equipment manufacturer (OEM) currently produced a car with an ex-factory price — the selling price excluding of taxes — above $40,000.
How many people in India have Tesla?
These are the only people in India who owns Elon Musk’s Tesla cars | www.lokmattimes.com By | Published: January 14, 2022 05:21 PM 2022-01-14T17:21:05+5:30 2022-01-14T17:21:05+5:30 The world’s richest man Elon Musk’s Tesla car is awaited by many. Even after the registration in January last year, the launch status of Tesla in India is still unclear. But there are some Tesla fans who can’t wait for the car to launch. Even bought a Tesla car and imported it. Significantly, Tesla’s fans are over the world, including Asia’s richest man and Reliance Group’s Reliance Group. So far only three people in India have Tesla cars. Mukesh Ambani, who loves expensive cars, owns not one but two Tesla cars. In 2019, he bought his first Tesla car. His first Tesla car is the Model S-100D (Tesla Model S-100D). Once fully charged, covers a range of 495 km. So its top speed is 249 km per hour. After this, Ambani bought the Tesla Model X 100D and imported it. This white Telsa car has so far been rarely seen on the road. This car is also of mid variant and once charged it gives a range of 475 km. This car can reach a speed of 100 Kmph in just two and a half seconds. Apart from these, both the owners of Tesla cars are from Bollywood. Bollywood actor Riteish Deshmukh also got a Tesla Model X as a gift from his wife Genelia. Former Miss India Pacific Pooja Batra also owns a Tesla car. She has an entry-level Tesla Model 3. Despite being a base model, this car can reach a speed of 100 kmph in 5 seconds. The car has a range of 386 km and a top speed of 200 km per hour. In this list, the name of Prashant Ruia of Essar Group comes first. He is the first Indian to own a Tesla car. He has owned a Tesla car since 2017. They have a blue Tesla Model x. This electric car has two motors. : These are the only people in India who owns Elon Musk’s Tesla cars | www.lokmattimes.com
Why Modi is not allowing Tesla in India?
Responding to a query on Tesla, the minister said ‘ the company wants workers from China and market of India. This is not possible in Modi government Our government’s policy is that if india market is to be used, job opportunities will have to be given to Indians.’
Which country is most Tesla?
Hover over Click on a tile for details. Founded in 2003, Tesla, Inc. is arguably the premier electric vehicle manufacturer in the Western Hemisphere, Electric vehicles are increasingly popular with eco-conscious consumers as well as companies seeking to reduce their gasoline costs.
- The Tesla Model 3 automobile is the bestselling plug-in electric car in the world and the first car of its type to sell 1 million units globally (which it accomplished in June 2021).
- The popularity of electric vehicles has increased notably in recent years.
- Popular Tesla vehicles in addition to the Model 3 are the Model Y, a compact SUV which sold 186,575 vehicles in the United States in 2021; and the Model S, a luxury sedan that was Tesla’s second-best-selling vehicle in 2022.
Unsurprisingly, the United States had the highest number of Tesla sales out of any country in the world in 2022.
Which country is full of Teslas?
|Headquarters ( Gigafactory Texas ) in Austin, Texas|
|Formerly||Tesla Motors (2003–2017)|
|Founded||July 1, 2003 ; 19 years ago in San Carlos, California, U.S.|
|Founders||See § Founding|
|Headquarters||13101 Tesla Road, Austin, Texas, U.S.|
|Number of locations||764 retail stores/galleries and service centers (2022)|
|Revenue||US$81.46 billion (2022)|
|Operating income||US$13.66 billion (2022)|
|Net income||US$12.56 billion (2022)|
|Total assets||US$82.34 billion (2022)|
|Total equity||US$44.70 billion (2022)|
|Owner||Elon Musk (20.6%)|
|Number of employees||127,855 (2022)|
|Footnotes / references Financials as of December 31, 2022. References:|
Tesla, Inc. ( TESS -lə or TEZ -lə ) is an American multinational automotive and clean energy company headquartered in Austin, Texas, Tesla designs and manufactures electric vehicles ( electric cars and trucks ), battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services.
Tesla is one of the world’s most valuable companies and, as of 2023, is the world’s most valuable automaker. In 2022, the company had the most worldwide sales of battery electric vehicles, capturing 18% of the market. Through its subsidiary Tesla Energy, the company develops and is a major installer of photovoltaic systems in the United States.
Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 6.5 gigawatt-hours (GWh) installed in 2022. Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. The company’s name is a tribute to inventor and electrical engineer Nikola Tesla,
In February 2004, via a $6.5 million investment, Elon Musk became the largest shareholder of the company. He has served as CEO since 2008. According to Musk, the purpose of Tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power. Tesla began production of its first car model, the Roadster sports car, in 2008.
This was followed by the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, the Model Y crossover in 2020, and the Tesla Semi truck in 2022. The company plans to start production of the Cybertruck light-duty pickup truck in 2023.
The Model 3 is the all-time bestselling plug-in electric car worldwide, and in June 2021 became the first electric car to sell 1 million units globally. Tesla’s 2022 full year deliveries were around 1.31 million vehicles, a 40% increase over the previous year, and cumulative sales totaled 3 million cars as of August 2022.
In October 2021, Tesla’s market capitalization reached $1 trillion, the sixth company to do so in U.S. history. Tesla has been the subject of several lawsuits, government scrutiny, journalistic criticism, and public controversies arising from statements and acts of CEO Elon Musk and from allegations of whistleblower retaliation, worker rights violations, and defects with their products.
How much of Tesla does Elon Musk own?
Elon Musk About Elon Musk
Elon Musk cofounded six companies, including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company.He owns about 23% of Tesla between stock and options, but has pledged more than half his shares as collateral for loans.SpaceX, founded in 2002, is worth $127 billion after a funding round in May 2022; it quadrupled its value in three years.Boring Company, which aims to defeat traffic, raised $675 million in April 2022 at a $5.7 billion valuation.Twitter’s board agreed to sell the company to Musk for $44 billion in April 2022, after he disclosed a 9.1% stake and threatened a hostile takeover.The deal closed in October 2022 after Musk tried to back out and Twitter sued. Musk now owns an estimated 74% of the company.
Wealth History HOVER TO REVEAL NET WORTH BY YEAR Personal Stats Age 51 Source of Wealth Tesla, SpaceX, Self Made 8 1 Residence Austin, Texas Citizenship United States Marital Status Single Children 10 Education Bachelor of Arts/Science, University of Pennsylvania Did you know Musk, who says he’s worried about population collapse, has nine children with three women, including triplets and two sets of twins.
Who is the Indian CEO of Tesla?
Tesla CEO and founder Elon Musk disclosed how he hired Indian-origin Ashok Elluswamy as Tesla’s autopilot head. Musk said Ashok was the first employee to be hired for his electric vehicle company’s Autopilot team. Musk, who has been using social media to recruit people, disclosed in a tweet in reply to a video of his interview.
Why did Tesla choose India?
Why Tesla should come to India: Opinion Opinion: Why Tesla should come to India Photo : Times Now Digital is an American multinational company with a global presence, but it has been hesitant to enter the Indian market. Tesla CEO did try to enter the Indian market once but did not go forward with the plan of introducing Tesla electric cars in the Indian market.
He was in major disagreement with the government which was not supportive of Tesla’s plan to import, sell and service its cars in the Indian market first and withdrew his plans for the Indian market. Contrary to what goes on in Elon ‘s mind entering the Indian market with a full fledged setup in current day and age is a wise business decision.
This might not be what Tesla wants but this is one thing that it just needs. Here are three reasons why I think Tesla should come to, Related News Make in India The Indian government is supportive of the Make in India policy, which Elon Musk despises without testing the waters in the Indian market.
- What he misses out on is the fact that Make in India is not just limited to the Indian market now, it has gone beyond that to ‘Make in India, Make for the World’.
- With the likes of Apple shifting its production to the Indian shores from China, Tesla should take cues from that at least.
- Manufacturing in India Tesla could cater to a larger global audience and with problems in its China facility the timing couldn’t be any better.
Manufacturing and assembly units in India could help Tesla make up for what is lacking in its Chinese facility. Government policies for EVs and EV infrastructure The Indian government has taken up clean mobility and sustainability very seriously after the Paris accord and has been rolling out incentives and policies that promote EVs and development of EV infrastructure.
If Tesla decides to set up its full fledged operation from EV manufacturing to EV infrastructure development it could benefit from the policies rolled out by the Indian government. Furthermore the Indian government is upholding the green hydrogen to be the fuel of the future and India is the hub for innovation and technology and presence of Tesla in India could help Tesla benefit from all the innovation and technological advancements that take place at a macro level.
Related News India is a emerging EV market Tesla as it has lost its market position of the top EV manufacturer in the world to the Chinese EV manufacturer BYD. BYD has also hit Tesla sales hard in the Asian and African markets. It can compensate for that by entering the Indian market which does see more potential in Tesla which is looked upon as a niche product and the upcoming could also have a potential in the Indian market as the SUV segment in India is growing.
What might also work in favour of Tesla is the fact that India has turned out to be the biggest market for the Lamborghini Urus and Cybertruck could also reach that status in the Indian market. It is totally the call of Tesla CEO to look into the Indian market for the growth of Tesla or stay aloof to the Indian market over something that could be overlooked.
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Who is the king of Tesla?
Elon Musk Business magnate (born 1971) Elon Musk Musk in 2018 Born Elon Reeve Musk ( 1971-06-28 ) June 28, 1971 (age 51), Transvaal, South Africa Education (, )Title
- Founder, CEO and chief engineer of
- CEO and product architect of
- Owner and CEO of
- President of the
- Founder of, and
- Co-founder of,, and (part of )
- ( m.2000; div.2008)
- ( m.2010; div.2012) ( m.2013; div.2016)
Partner (2018–2021) Children10 Parents
FamilyAwards ( Knight – Cavaleiro )Signature
In popular culture
Elon Reeve Musk ( ; born June 28, 1971) is a and investor. He is the founder, CEO and chief engineer of ;, CEO and product architect of ; owner and CEO of ; founder of ; co-founder of and ; and president of the philanthropic, Musk is the second-wealthiest person in the world, according to both the and ‘s Real Time Billionaires list as of May 2023 primarily from his ownership stakes in Tesla and SpaceX, with an estimated net worth of around $167 billion according to the Bloomberg and $176.2 billion according to the latter.
- Musk was born in, South Africa, and briefly attended at the before moving to Canada at age 18, acquiring citizenship through his Canadian-born mother.
- Two years later, he matriculated at and transferred to the, where he received bachelor’s degrees in economics and physics.
- He moved to California in 1995 to attend,
After two days, he dropped out and, with his brother, co-founded the online software company, In 1999, Zip2 was acquired by for $307 million and Musk co-founded, a,X.com merged with in 2000 to form, which acquired for $1.5 billion in 2002. With $175.8 million, Musk founded SpaceX in 2002, a services company.
- In 2004, he was an early investor in the manufacturer Tesla Motors, Inc.
- Now Tesla, Inc.).
- He became its chairman and product architect, assuming the position of CEO in 2008.
- In 2006, he helped create, a solar energy company that was later acquired by Tesla and became,
- In 2015, he co-founded OpenAI, a nonprofit research company.
The following year, he co-founded Neuralink—a company developing —and the Boring Company, a tunnel construction company. Musk has also proposed a high-speed transportation system. In 2022, for $44 billion was completed. Musk has that have made him a polarizing figure.
Who owns Rolls Royce Phantom in India?
Rolls Royce Ghost – The next celebrity on the list is Sanjay Dutt. The actor owns Rolls Royce Ghost worth Rs 6 crores. The Ghost is powered by a 6.6-litre twin turbo V12 which produces 563 bhp of power. TIMESOFINDIA.COM
How many Tesla are there in Nepal?
Musk to manufacture Tesla cars in Nepal KATHMANDU, MARCH 31 With petroleum prices rising due to the Russia-Ukraine war, Elon Musk’s decision to start manufacturing Tesla cars in Nepal couldn’t have come at a better time. Musk, the richest person in the world and the founder CEO of Tesla, a car that runs on battery, has decided to mass produce Tesla cars in Nepal after the discovery of a rare earth metal, promethium, in the Himalayas that he believes will increase battery life three times.
- Promethium, by the way, is used in nuclear batteries.
- When asked where the metal was found, Karma Tamrakar, head of Akar Motors that will give shape to Musk’s vision of beginning Tesla production in Nepal, said an American company found it while prospecting in Mustang.
- Though he declined to give the exact location where promethium was found, Karma disclosed that the new battery using it will be called Karishma due to its miraculous properties.
Akar will begin assembling two models of Tesla – Model X and Model 3 – to begin with, as these are the only two models that Tesla has been able to sell in Nepal. Presently, there are just seven Tesla electric vehicles in Nepal – four Model X and three Model 3.
If you are wondering why the company has been able to sell so few vehicles in Nepal, the answer lies in their price. Tesla Model X costs Rs 2.35-2.75 crore in Nepal, whereas Tesla Model 3 is priced in the range Rs 1.20- 1.47 crore. Karma said once the production begins in Nepal, prices of the two models will come down considerably due to the availability of cheap labour, production of more cars, and because of no import duty.
The company aims to sell at least 50 cars a year. Karma hopes that once production starts in Nepal, the company can also export the models to India and China, decreasing Nepal’s trade deficit with both the neighbours. Till now Tesla Model X is being assembled in Fremont, California, and Tilburg, Netherlands.
It uses 100kWh lithium ion battery that runs 380 km when fully charged. Once the new battery, Karishma, replaces it, the car will be able to run more than 1,100 km when fully charged. An average car owner, who drives in the city, rarely does more than 70 km a day. This means that with Karishma in car, Tesla X customer will have to charge the car only twice a month.
Tesla Model 3, on the other hand, is being assembled in Fremont and Shanghai. It uses 54, 62, 75, or 82 kWh lithium ion battery that runs 354 km once fully charged. It will run more than 1,000 km when running on a fully charged Karishma. Nothing short of a miracle! A version of this article appears in the print on April 1, 2022, of The Himalayan Times.
Disclaimer The Himalayan Times apologies to all would-be Tesla owners who were expecting to buy their beloved car in Nepal itself, because Elon Musk has no plan to start production of Tesla cars in Nepal. At least not till promethium is actually found in Nepal. Due apologies to Musk as well. The write-up on Page 1 is a regular April Fools Day spoof THT carries every year.
Gotcha! -Editorial : Musk to manufacture Tesla cars in Nepal
How can I buy Tesla from India?
1. Directly invest in Tesla stocks – You can invest in Tesla from India by opening a US brokerage account either through technology platforms like Vested that offers this service, or a foreign brokerage that has a direct presence in India. At Vested, our goal is to allow you to invest in US stocks easily.
To invest, you do not need to pay any brokerage fee. Vested’s process is completely paperless and can be completed in a matter of minutes. All you need is your PAN number, an image of your PAN card, and address proof. To invest in US stocks like Tesla, you need to wire funds to the US. As an Indian resident, you are allowed to do this under the RBI’s Liberalized Remittance Scheme which lets you remit up to US $250,000 per year, per person.
As of December 27 2021, Tesla’s share price was US $1086.13 which is more than â‚¹ 81,000. However, the high price should not be a deterrent to investing in Tesla shares as Vested offers you the option of fractional investing in shares. So, you can invest in a fraction of a Tesla share for as little as $1 and own a part of the company.
How many Tesla showrooms are there in India?
Tesla has no authorized showrooms across India.