Electric car maker Tesla is looking to invest in India soon, its chief executive Elon Musk has said.
His remarks came after a meeting in New York with Indian Prime Minister Narendra Modi, who is on a state visit to the US, on Tuesday.
A source previously said Mr Musk would brief Mr Modi on plans to set up a manufacturing base in India.
“I am confident that Tesla will be in India and will do so as soon as humanly possible,” Mr Musk said when asked by reporters about the electric car maker's plans to invest in India, adding that he intended to visit the country next year.
“I would like to thank the Prime Minister for his support and hopefully we'll be able to announce something in the not too distant future.”
Mr Musk said he was “a fan” of Mr Modi and noted that he visited a Tesla factory in California several years ago, according to video from Indian broadcaster ANI on Twitter.
“India has more promise than any large country in the world. He [Mr Modi] really cares about India because he's pushing us to make significant investments in India, which is something we intend to do. We are just trying to figure out the right timing,” Mr Musk said.
India has strong potential for a sustainable energy future including solar power, stationary battery packs and electric vehicles, he said.
Mr Musk, also chief executive of SpaceX, said it hopes to bring the company's Starlink satellite internet service to India as well.
Tesla executives visited India and held talks with ministers and officials last month on establishing a manufacturing base for cars and batteries in India.
Mr Musk said last month that the electric car maker would probably pick a location for a new factory by the end of this year, adding India was an interesting place for a new plant.
US companies need to reduce their reliance on China as a manufacturing base in the face of tension between Washington and Beijing. Tesla last year shelved its India entry plans due to high import tax structures.
Mr Modi's meeting with Mr Musk, who owns Twitter, came days after Twitter co-founder Jack Dorsey accused India of threatening to shut down the platform for not complying with content takedown orders during a 2020-2021 protest.
India called the allegation an “outright lie”.
Mr Musk has not commented on the episode, which caused a political storm in India.
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
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The specs
Engine: 6.2-litre V8
Transmission: seven-speed auto
Power: 420 bhp
Torque: 624Nm
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On sale: now
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
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Teaching your child to save
Pre-school (three - five years)
You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.
Early childhood (six - eight years)
Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.
Middle childhood (nine - 11 years)
Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.
Young teens (12 - 14 years)
Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.
Teenage (15 - 18 years)
Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.
Young adulthood (19 - 22 years)
Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.
* JP Morgan Private Bank
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
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