An Indian minister from the state of Andhra Pradesh has met with one of Tesla’s top executives at the company’s Gigafactory Texas, following years of attempts to court the U.S. automaker to build a manufacturing facility in the country.
On Monday, Nara Lokesh, the Minister of Human Resources Development for Andhra Pradesh, announced in a post on X that he met with Tesla CFO Vaibhav Taneja to discuss building an electric vehicle (EV) manufacturing facility in the state. Lokesh said he let Taneja know of the Anantapur district as a good option, noting that the state is aiming to reach a target of achieving 72GW of renewable energy production by 2029.
Check out the full post from Lokesh below, as translated into English:
I visited the Tesla headquarters in Austin. I explained to Tesla CFO Vaibhav Taneja the possibilities and advantages of investing in Andhra Pradesh in the field of manufacturing electric vehicles internationally. Under the leadership of visionary leader Chandrababu, we have aimed to achieve 72 gigawatts of renewable energy production in AP by 2029, and we have sought the help and support of top global companies like Tesla to achieve our goal. I informed that Anantapur district of Andhra Pradesh will be a strategic location for setting up of Tesla EV manufacturing and battery product units.
Tesla’s history of rumored EV sales, manufacturing in India
Rumors of Tesla’s entry into India—both regarding the company’s eventual launch of EV sales in the country and whispers of a potential manufacturing facility—have circulated widely for years, but so far it doesn’t seem like there are any concrete plans to follow up on these hopes.
Since at least 2021, Tesla has attempted to garner reduced import duties on its EVs, effectively allowing it to sell its vehicles in the country at the highest profit margin possible. Elon Musk later went on to say that it would be “quite likely” that Tesla could build a factory in India, once the company is able to succeed with imported vehicles.
Rumors of Tesla launching EV sales in India and those of a Gigafactory in the country haven’t slowed down in the many months between then and now, though talks on the subject seem to have largely halted throughout this year.
More recently, Musk was expected to visit India in April, though he later delayed the visit citing heavy obligations with Tesla at the time. Just days later, Musk went on to visit China, eliciting some negative reactions from government officials in the country.
“Such is the lack of faith in the Modi govt’s regulatory policies, that big businesses are turning to China over India repeatedly,” wrote Shama Mohamed, the national spokesperson for Modi’s opposition Congress party.
The visit hasn’t been rescheduled as of yet at this point, and it’s not clear if or when it will be. In June, however, Musk tagged India Prime Minister Narendra Modi in a post, saying that he was “looking forward to [his] companies doing exciting work in India.”
Previous reports from local outlets this year suggested that three other states were frontrunners for a potential facility, though no apparent motion has been made on Tesla’s EVs getting import taxes lowered, allowing it to start sales in the state. Interestingly, the three states did not include Andhra Pradesh.
In any case, it’s unlikely that we’ll see any tangible news on the subject until the two parties can come to an agreement on Tesla imports, as Musk has previously stated, so it’s probably not time for those in the country to get their hopes up just yet.
Tesla keen on three states for India expansion — if it ever happens
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
Investor's Corner
Tesla Q2 2025 earnings: What Wall Street expects
The company has faced mounting pressure this year, with TSLA stock down 19% year-to-date.

Tesla (NASDAQ:TSLA) is set to release its second-quarter 2025 financial results after markets close on Wednesday, July 23. The company has faced mounting pressure this year, with TSLA stock down about 19% year-to-date.
What Wall Street expects
As noted in a TipRanks report, Wall Street has remained cautious about the electric vehicle maker due to concerns about the EV segment in general, competition, reduced margins, federal EV regulations, and CEO Elon Musk’s political activities.
Overall, Wall Street expects Tesla to post earnings per share of $0.39, down 25% from a year ago. Tesla’s revenue is forecasted to fall 13% to $22.19 billion, and analysts also expect the electric vehicle maker to post lower margins this quarter.
Analyst expectations
Tesla delivered approximately 384,120 vehicles in Q2, a 13.5% drop year-over-year, as per Main Street Data. The company also produced over 410,000 vehicles and deployed 9.6 GWh of energy storage products during the quarter.
Ahead of the earnings call, Cantor Fitzgerald analyst Andres Sheppard reiterated a Buy rating and a $335 per share price target. He also adjusted his Q2 revenue forecast to $21 billion, down from his previous estimate of $24.1 billion. Despite short-term softness, Sheppard maintained his 2025 and 2026 projections, citing confidence in Tesla’s high-margin Robotaxi business model.
Barclays analyst Dan Levy kept a Hold rating with a $275 price target. He stated that the company faces “increasingly weaker fundamentals,” but he also suggested that Tesla’s Robotaxi story could drive optimism. Levy expects modest gross margin improvement quarter-over-quarter and flagged the full-year EPS estimate drop from $3.20 to $1.84. Delays in launching the affordable Tesla model remain a downside risk, Levy noted.
News
Tesla expands FSD Transfer offer to Europe and the Middle East
Tesla’s FSD transfer offer has long been used as a quarterly sales lever in North America.

Tesla has extended its Full Self-Driving (FSD) transfer promotion beyond North America, opening the door for owners in Europe and the Middle East to carry over their existing FSD systems to a new vehicle.
The move comes days after Elon Musk acknowledged a user’s request for FSD transfers in Europe on X, which the CEO called a “fair” ask. Tesla Europe later confirmed the offer via its official X account.
FSD transfers reaching new markets
FSD transfers have been used as a quarterly sales lever in North America, with its most recent availability in April 2025, as noted in a Not a Tesla App report. While this incentive had remained exclusive to the U.S. and Canada, Tesla’s latest announcement marks the first time the program has been rolled out internationally.
Interestingly enough, the offer hasn’t yet been extended to other FSD-enabled regions like China. This suggests that Tesla may be prioritizing markets where regulatory approval for FSD remains pending. European Tesla owners, after all, have been waiting literal years for FSD to be rolled out into their countries.
How the program works
The process for FSD transfers is straightforward. Existing Tesla owners with FSD must place a new vehicle order and complete delivery during the active promotion period. During checkout, customers are instructed not to add FSD to the new car. Instead, they must notify a Tesla advisor of their intent to transfer their existing vehicle’s FSD.
On delivery day, FSD will be deactivated on the old vehicle and activated on the new one. Customers are not required to trade in or sell their original Tesla that had FSD, though once the license is moved, the old vehicle reverts to just Basic Autopilot features.
News
Tesla Q2 2025 vehicle safety report proves FSD makes driving almost 10X safer
Tesla released its most recent vehicle safety data on its official website.

Tesla has released its most recent vehicle safety report, reiterating the idea that Autopilot and systems like Full Self Driving (FSD) are really the company’s best safety features.
Tesla released its most recent vehicle safety data on its official website.
Tesla’s Q2 2025 safety statistics
As per the electric vehicle maker’s Q2 2025 report, the company recorded one crash for every 6.69 million miles driven for vehicles that were using Autopilot technology. In comparison, data from the NHTSA and FHWA listed one automobile crash every 702,000 million miles.
“In the 2nd quarter, we recorded one crash for every 6.69 million miles driven in which drivers were using Autopilot technology. For drivers who were not using Autopilot technology, we recorded one crash for every 963,000 miles driven. By comparison, the most recent data available from NHTSA and FHWA (from 2023) shows that in the United States there was an automobile crash approximately every 702,000 miles,” Tesla wrote in its report.
FSD as a safety feature
Elon Musk has always maintained that FSD is the company’s biggest safety feature. This is no exaggeration, as the system allows vehicles to operate vehicles without human intervention. Tesla is currently proving this in Austin, where it operates the pilot program for its dedicated self-driving Robotaxi service. Customers who have used Tesla’s Robotaxi service in Austin have noted that the vehicles operate in a manner that is akin to a confident and cautious driver.
An underrated advantage of Tesla’s FSD system is the fact that it does not get tired, nor does it ever operate the vehicle while intoxicated. It never gets distracted either. These advantages may seem minor, but they go a long way towards making Teslas the safest vehicles on the road today.
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