Tesla Inc CEO Elon Musk has revealed that the company is likely to pick a location for a new factory by the end of this year. When asked if India was an interesting option, Musk said “Absolutely”. Last week, India’s deputy minister for technology told Reuters that Tesla is “serious” about its plans to establish a manufacturing base in the country.
In addition, Musk also floated the idea of creating an educational institution that would control most of his votes. He also revealed that he has identified a successor to the board in case something happens to him unexpectedly.
Tesla is pushing to expand its global output and recently announced that it would open a gigafactory in Mexico. With the potential new factory in India, Tesla is looking to further expand its presence in the global market.