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No sellers in Tesla shares as Musk meets Modi

Tesla is joining the growing list of companies that wants to invest in India.

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Shares Tesla

Written by

Jeremy Naylor

Jeremy Naylor

Analyst

Publication date

Following Elon Musk’s meeting with Indian Prime Minister Narendra Modi, the Tesla CEO said he was "…confident that Tesla will be in India and will do so as soon as humanly possible". IGTV’s Jeremy Naylor looks at the Tesla chart.

(Video Transcript)

Tesla

Tesla is joining the growing list of companies that want to start manufacturing in India. Elon Musk met with Indian Prime Minister Narendra Modi yesterday in New York, and this is what he said: "I'm confident that Tesla will be in India and will do so as soon as humanly possible. Musk said when asked by reporters about Tesla's plan to invest in India, adding he intends to visit the country next year."

He says, 'India has more promise than any other large country in the world. He (Prime Minister Modi) really cares about India because he's pushing to make significant investments in India, which is something we intend to do.We're just trying to figure out the timing of all this."

Now, the Tesla Motors share price has been on an absolute rip recently, and it continued late yesterday. There were no sellers at the close of 7810, striking highs we've not seen in this market since September 2022. And it's not just Tesla. Musk also hopes to bring StarLink satellite Internet services to India. So this is pushing up interest in Tesla's shares.

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