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Tesla to make Indian debut in 2019? Here's what Elon Musk says

Earlier in May, Musk had hinted out his firm's entry to India via micro-blogging site Twitter.

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Elon Musk has yet again hinted that Tesla could soon make its Indian debut. Musk in a tweet confirmed that he is hopeful that Tesla will soon have partial presence in India, Africa and South America end of next year, with broader expansion in 2020. 

Earlier in May, Musk had hinted out his firm's entry to India via micro-blogging site Twitter. 

Musk was interacting with people on micro-blogging site Twitter when a user from India expressed disappointment over Tesla's absense in the country. 

To which Musk instantly replied that he would love to be in India. Elon Musk said, "Would love to be in India. Some challenging government regulations, unfortunately. Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should."

Meanwhile, Tesla introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as US tax breaks for Tesla cars are about to decrease.

According to the website, the rear-wheel-drive model has a "mid range" battery, a range of 260 miles, 50 miles less than the long-range battery that the more expensive Model 3 is equipped with. The new version has a delivery period of six to 10 weeks, according to the website, which would customers eligible for the current $7,500 US tax credit if they take delivery by the end of the year. The tax credit for Tesla cars will drop by half on Jan. 1.

Although Tesla has promised a base-level version of the Model 3 priced at $35,000, so far it has only produced higher-cost versions starting at about $49,000. Tesla has said that it would not manufacture the base-level version of the Model 3 this year.

Adding the mid-priced version of the Model 3 appears to be a strategic way to lure possible buyers who had been waiting for the lower-priced version. It is not clear how many of the more than 400,000 reservations for the Model 3 are for the base models.

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