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STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

India's richest state invites Tesla after Musk hints entry into country

Reuters
·1 min read

Oct 22 (Reuters) - India's richest state Maharashtra has invited U.S. electric-car maker Tesla Inc, weeks after its Chief Executive Officer Elon Musk suggested entering the country next year.

In a tweet https://twitter.com/AUThackeray/status/1319303674967977984 on Thursday, state tourism and environment minister Aaditya Thackeray said he and industries minister Subhash Desai held a video call with Tesla executives earlier in the day to invite them to the state.

Earlier this month, Musk said "Next year for sure" on Twitter in reply to a post with a photograph of a T-shirt with the message: "India wants Tesla".

Tesla's entry into Asia's third largest economy could come at a time when Prime Minister Narendra Modi is increasingly focusing to promote the use of electric vehicles. (Reporting by Ayanti Bera in Bengaluru; Editing by Arun Koyyur)