Green Tesla

Tesla Reports Record Sales and Promises To Enter a New Market

Elon Musk promises that Tesla will enter India “next year for sure.” In addition, on Friday the company reported of its deliveries in Q3 2020.

Tesla delivered a record 139,300 vehicles worldwide in the third quarter of the year. By the end of 2020, it aims to sell 500,000 vehicles.

Moreover, the company is expanding its presence in world markets. Yesterday Elon Musk confirmed the previously announced intention to enter India, one of the largest car markets.

Presently Indian government led by Prime Minister Narendra Modi focuses on promotion of EV production and use. Automakers in India are seeking government support to push sales which have been hit by coronavirus.

It his last-year comments on Twitter, Tesla’s CEO Musk said about India:

Would love to be there this year. If not, definitely next!

Good news for Indians! Hope all works out…

Meantime, Tesla Inc. has agreed to acquire German ATW Automation, a battery assembler. This company is located in western Germany, has about 120 employees, and completed more than 20 battery production lines for international automakers.

Tesla, as we know, aims to ramp up battery production and sharply cut the cost of battery packs within the next three years. The light duty Cybertruck and the Semi truck which Tesla plans to launch, need higher battery capacities.

Currently the automaker is building the facility near Berlin, and will begin construction in Texas this year.

Source: Automotive News

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