Tesla Considers India Factory

Tesla ($TSLA@US) CEO Elon Musk has stated that the company will likely choose a location for a new factory before the end of this year, expressing interest in India's potential. This aligns with Tesla's intention to establish a manufacturing base in India, as confirmed by the country's deputy minister for technology. Furthermore, Tesla has previously announced plans to open a gigafactory in Mexico as part of its global expansion strategy. He also disclosed that he has identified a potential successor to the Tesla board, ensuring the company's continuity in a worst-case scenario. However, Musk's recent appointment of a new CEO for Twitter indicates a shift in his priorities towards prioritizing Tesla.