World's Richest Person Elon Musk to Drive into India for the 1st Time, Will Launch Tesla in 2021
09-January-2021

Tesla and SpaceX CEO Elon Musk was recently became the world's richest person, overtaking Amazon chief Jeff Bezos.

The news was shared by a Twitter account "Tesla Owners of Silicon Valley" who mentioned in their tweet - "elonmusk is now the richest person in the world at $190 billion." A 4.8 per cent rally in Tesla's share price on Thursday took Musk past Bezos, with a net worth of $188.5 billion, $1.5 billion more than Bezos, who has held the top spot since October 2017.

Interestingly, Teslaman announced very recently that he is planning to set up Tesla's operations in India and will most likely launch their first vehicle by mid-2021. Although Musk has made similar promises in the past too, this time, Nitin Gadkari, Union Minister for Road Transport and Highways has confirmed the same.

In all probability, Tesla will begin its India operations with the Model 3 electric car, which is the most affordable product in the brand's stable and also the most popular one. Since Tesla will bring initial lot of Model 3 via CBU, expect it to be priced north of Rs 50 Lakh.

Musk, who is known for his Twitter fingers recently confirmed once again about India entry a couple of weeks back. This is second time in the last 3 months that Musk has confirmed his plans to launch Tesla in India. In October 2020, Elon Musk replied to a Twitter user about Tesla's possible entry in the country by 2021.

Another Tweet followed his earlier statement mentioning that the company might launch a digital configurator for Model 3 bookings by January 2021, anchoring his earlier statement on India entry. However, Musk later said - Not January, but sometime in 2021, in his most recent tweet.