{"id":109406,"date":"2021-03-12T13:55:09","date_gmt":"2021-03-12T13:55:09","guid":{"rendered":"https:\/\/fin2me.com\/?p=109406"},"modified":"2021-03-12T13:55:09","modified_gmt":"2021-03-12T13:55:09","slug":"tesla-in-talks-with-indias-tata-power-for-ev-charging-infrastructure","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/tesla-in-talks-with-indias-tata-power-for-ev-charging-infrastructure\/","title":{"rendered":"Tesla in talks with India's Tata Power for EV charging infrastructure"},"content":{"rendered":"
New Street Research managing partner Pierre Ferragu shares his expectations for Tesla\u2019s production and stock in the coming years. <\/p>\n
Tesla Inc is exploring an arrangement with Indian conglomerate Tata Sons’ power generation unit, Tata Power, to set up charging infrastructure for electric vehicles in the country, CNBC-TV18 reported on Friday, citing sources.<\/p>\n
GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/p>\n Shares of Tata Power rose 5.5% to their best closing level since June 9, 2014 after the report, which comes as the Palo Alto-based electric-car maker gears up for an India launch later this year with plans to import and sell its Model 3 electric sedan in India.<\/p>\n Tesla will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters.<\/p>\n The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet, the report said.<\/p>\n The two companies were not immediately available for comment.<\/p>\n <\/p>\n In January, the U.S. electric-car maker incorporated Tesla Motors India and Energy Private Ltd with its registered office in the southern city of Bengaluru, a hub for global technology companies.<\/p>\n CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/p>\n Tata Motors Ltd, the carmaking unit of Tata Sons, last week denied any tie-up with Tesla, after media reports suggested the two companies were discussing a partnership.<\/p>\n\n\n
\n \nTicker<\/th>\n Security<\/th>\n Last<\/th>\n Change<\/th>\n Change %<\/th>\n<\/tr>\n<\/thead>\n \n TSLA<\/td>\n TESLA, INC.<\/td>\n 699.60<\/td>\n +31.54<\/td>\n +4.72%<\/td>\n<\/tr>\n \n Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n