Elon Musk to Invest In India? What That Could Mean For Tesla Shareholders
Following a meeting with India's Prime Minister Narendra Modi in New York City, Tesla (NASDAQ: TSLA) CEO Elon Musk was enthusiastic about investing in what is now the world's most populous country (India just passed up China with nearly 1.43 million people). In speaking with reporters following the meet-up, Musk said "I am confident that Tesla will be in India and will do so as soon as humanly possible."
This could eventually mean a new growth outlet for the leader in electric vehicles (EVs), but Tesla investors might want to curb their enthusiasm regarding India for now.
Many companies are looking to diversify their base of operations -- including tech manufacturing -- away from mainland China as political tensions between Washington D.C. and Beijing simmer. India has been one key country that can provide said diversification, which was the gist of Modi's visit to the U.S. And as it pertains to Tesla, Musk's talks with Modi seem to be a key turning point.
Source Fool.com
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