Tesla is likely to invest at least $2-3 billion in India to set up manufacturing operations.

Sources suggest that the affordable $24,000 Tesla EV could find its home in India.

Unleashes a Faster, More Furious Model 3 variant

Tesla supports security contests and runs its own bug bounty programme. (Image credit: Tesla)

The EVs manufactured in India would reportedly have a starting price of INR 20 lakhs.

The directors consented to forgo all pay for 2021-2023 and overhaul future pay structures.

Musk also announced that Tesla’s self-driving robotaxi will make its global debut on August 8.

Tesla references the $25,000 electric car that Elon Musk spoke about in 2020.

No information about pricing or availability has yet been announced.

After success of the Phantom V Fold, the Flip version arrives with a tantalising price tag of Rs 49,999.