Tesla CEO Elon Musk has not forgotten about his firm. In an interview with The Wall Street Journal’s Thorold Barker, he has revealed that he has already thought about where he will build the next gigafactory by the end of the year, according to Reuters.
“Tesla is “serious” about its plans to set up a manufacturing base in India,” the country’s deputy technology minister told Reuters in an interview last week.
Tesla announced earlier this year that it would open a gigafactory in Mexico as the world’s most valuable automaker pushes to expand its global production.
Musk, CEO of Tesla, SpaceX, Twitter and founder of several other companies, on Tuesday floated the idea of creating an educational institution that would control most of his votes, without giving details.
Musk said he has identified a successor to the board so the person can run the company in a “worst-case scenario.” “I told the board, ‘Look, if something happens to me unexpectedly, this is my recommendation to take over.'”
James Murdoch, a Tesla board director, testified in court last year that Musk identified someone as a possible successor to head the electric automaker at a time when investors were concerned about his distraction with Twitter. Musk recently announced a new CEO for Twitter and said he would focus more on Tesla.
Tesla is trading down at $179.40 and the 70-period moving average is above the last two candles. Meanwhile, Ei indicators are mostly bullish.