Musk tweeted at the time that he had "funding secured" for the deal, but later dropped the plans, admitting they had been unrealistic. Nissan, Maruti Suzuki, Tata and Toyota are also mulling launching India-made EVs in India in 2019.
In a follow-up tweet, Musk said the firm is looking at establishing a "partial presence" in India, Africa, and South America by the end of next year, and expanding further in 2020.
This clearly indicated Tesla's plan to enter the Indian market. A sketch of the novelties presented at the presentation of the first truck Tesla. "Of course, anything boring is bad, especially companies, so we chose to send something unusual, something that made us feel".
The probe, led by SEC investigators in San Francisco, touches on questions that have been raised by Tesla investors and former employees into whether the company had truthfully conveyed its progress in producing its futuristic, battery-powered cars. However, the country is still open to a collaboration with Musk's company for a local factory.
Tesla and Panasonic now produce about 60% of the world's (electric vehicles) EV batteries, while Shanghai-based Gigafactory 3 will produce EV and battery modules, with an initial plan to produce 3,000 Model 3 vehicles a week, Musk said.
In June 2017, Musk had confirmed on Twitter that Tesla was "in discussions with the government of India".
Its model 3 is the most affordable auto and is also the highest selling.
The Model 3 is a central part of Tesla's plan to expand from a niche player in the luxury segment to a vehicle maker with broader appeal. During the visit, he had invited Musk to set up a production facility in India and make India the manufacturing hub for the company's Asian markets.