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Tesla India: The Three Directors leading Tesla into new lands

Credit: Reddit | u/Coolioj

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Tesla has officially received a business license in India that will allow the automaker to function as a full-fledged car manufacturer in one of the world’s most populous countries. Without a team of highly-experienced executives who are versed in international business, financials, and manufacturing, Tesla wouldn’t have a chance at being successful anywhere, let alone in India. Therefore, the company has called upon three executives to start the operation as they have been listed on India’s Ministry of Corporate Affairs website as the three Directors who will lead Tesla into India, an unfamiliar territory.

Tesla has had India in its plans for corporate expansion for several years. Musk met with Indian Prime Minister Narendra Modi in 2015, where the politician expressed his support for Tesla’s mission and it’s all-electric products. But since then, Tesla has been met with nothing but roadblocks and delays. It has finally made some headway in its effort to establish a production facility or Research and Development center in the country.

Because of import taxes, Tesla’s vehicles are a rarity in India. Nearly doubling the cost of the vehicle due to getting it into the country from Fremont, California, Teslas are only driven around by the extremely wealthy. With limited charging options available in the country, it makes them even less appealing. However, the coming expansion incites consumer excitement among Indian fans of the electric carmaker, who have pushed for Elon Musk to attempt to drive his company into their country. Now it’s finally happening.

Tesla gains India business license, stock soars over 6%

David Feinstein

David Feinstein has been with Tesla for 8 years and 9 months, according to his LinkedIn page. His job title has always been related to Global and International business. When he started with Tesla in 2012, he was the Manager of Global Trade Compliance for its supply chain. After that, Feinstein became the Senior Manager of Global Trade, then the Director of Global Trade & New Markets. He was appointed to the Senior Director of Global Trade & New Markets in February 2020, and now his biggest project yet has been passed onto him: getting Tesla up and running in India.

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Feinstein’s global trade experience will be beneficial for Tesla’s entrance into the market. Since India is one of the few countries with such a heavy import tax, which has really neutralized Tesla’s presence in the country until now, it will be interesting to see what he can do moving forward.

Vaibhav Taneja

Vaibhav Taneja is the Chief Accounting Officer for Tesla, and he has held that position for 1 year and 11 months. He started with Tesla four years ago in February 2017 as the Assistant Corporate Controller and then moved to the Corporate Controller position. Controllers are responsible for the accuracy and timeliness of a company’s accounting department. They control the company’s cash flow and oversee the production of financial reports.

LinkedIn

Prior to Tesla, Taneja acted as the VP and Corporate Controller of Solar City until Tesla absorbed the company, his LinkedIn states. He also has close ties with India, as he is a graduate of Delhi University with a Bachelor’s Degree in Commerce. He also attended the Institute of Chartered Accountants of India and is a Certified Public Accountant.

Taneja will likely work to solve financial challenges as Tesla moves forward with its Indian inclusion. His proven track record with Tesla makes him a great fit for the job, and his roots in India certainly don’t hurt, either.

Venkatrangam Sreeram

Venkatrangam Sreeram is the co-founder of ClearQuote, an app that uses computer vision to assess car damage. Before that, he was Managing Director of Xenon Automotive and spent nearly two years as a Project manager for Tesla’s China operation from July 2012 to May 2014. As a Project Manager, he states that he was involved in the set up of wholesales in retail operations in the country. He had automotive experience before his post at Tesla. He worked as a Project Manager and a VP of Sales Operations for Jaguar Land Rover, and an Assistant General Manager for Tata Motors in Mumbai and London.

Venkat, as he is referred to, is based in Karnataka as well, the southwest state in India that will be home to Tesla’s Indian initiative.

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What do you think? Leave a comment down below. Got a tip? Email us at tips@teslarati.com or reach out to me at joey@teslarati.com

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Tesla dispels reports of ‘sales suspension’ in California

“This was a “consumer protection” order about the use of the term “Autopilot” in a case where not one single customer came forward to say there’s a problem.

Sales in California will continue uninterrupted.”

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Credit: Tesla

Tesla has dispelled reports that it is facing a thirty-day sales suspension in California after the state’s Department of Motor Vehicles (DMV) issued a penalty to the company after a judge ruled it “misled consumers about its driver-assistance technology.”

On Tuesday, Bloomberg reported that the California DMV was planning to adopt the penalty but decided to put it on ice for ninety days, giving Tesla an opportunity to “come into compliance.”

Tesla enters interesting situation with Full Self-Driving in California

Tesla responded to the report on Tuesday evening, after it came out, stating that this was a “consumer protection” order that was brought up over its use of the term “Autopilot.”

The company said “not one single customer came forward to say there’s a problem,” yet a judge and the DMV determined it was, so they want to apply the penalty if Tesla doesn’t oblige.

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However, Tesla said that its sales operations in California “will continue uninterrupted.”

It confirmed this in an X post on Tuesday night:

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The report and the decision by the DMV and Judge involved sparked outrage from the Tesla community, who stated that it should do its best to get out of California.

One X post said California “didn’t deserve” what Tesla had done for it in terms of employment, engineering, and innovation.

Tesla has used Autopilot and Full Self-Driving for years, but it did add the term “(Supervised)” to the end of the FSD suite earlier this year, potentially aiming to protect itself from instances like this one.

This is the first primary dispute over the terminology of Full Self-Driving, but it has undergone some scrutiny at the federal level, as some government officials have claimed the suite has “deceptive” naming. Previous Transportation Secretary Pete Buttigieg was vocally critical of the use of the name “Full Self-Driving,” as well as “Autopilot.”

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New EV tax credit rule could impact many EV buyers

We confirmed with a Tesla Sales Advisor that any current orders that have the $7,500 tax credit applied to them must be completed by December 31, meaning delivery must take place by that date. However, it is unclear at this point whether someone could still claim the credit when filing their tax returns for 2025 as long as the order reflects an order date before September 30.

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tesla showroom
Credit: Tesla

Tesla owners could be impacted by a new EV tax credit rule, which seems to be a new hoop to jump through for those who benefited from the “extension,” which allowed orderers to take delivery after the loss of the $7,500 discount.

After the Trump Administration initiated the phase-out of the $7,500 EV tax credit, many were happy to see the rules had been changed slightly, as deliveries could occur after the September 30 cutoff as long as orders were placed before the end of that month.

However, there appears to be a new threshold that EV buyers will have to go through, and it will impact their ability to get the credit, at least at the Point of Sale, for now.

Delivery must be completed by the end of the year, and buyers must take possession of the car by December 31, 2025, or they will lose the tax credit. The U.S. government will be closing the tax credit portal, which allows people to claim the credit at the Point of Sale.

We confirmed with a Tesla Sales Advisor that any current orders that have the $7,500 tax credit applied to them must be completed by December 31, meaning delivery must take place by that date.

However, it is unclear at this point whether someone could still claim the credit when filing their tax returns for 2025 as long as the order reflects an order date before September 30.

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If not, the order can still go through, but the buyer will not be able to claim the tax credit, meaning they will pay full price for the vehicle.

This puts some buyers in a strange limbo, especially if they placed an order for the Model Y Performance. Some deliveries have already taken place, and some are scheduled before the end of the month, but many others are not expecting deliveries until January.

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Elon Musk

Elon Musk takes latest barb at Bill Gates over Tesla short position

Bill Gates placed a massive short bet against Tesla of ~1% of our total shares, which might have cost him over $10B by now

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Elon Musk took his latest barb at former Microsoft CEO Bill Gates over his short position against the company, which the two have had some tensions over for a number of years.

Gates admitted to Musk several years ago through a text message that he still held a short position against his sustainable car and energy company. Ironically, Gates had contacted Musk to explore philanthropic opportunities.

Elon Musk explains Bill Gates beef: He ‘placed a massive bet on Tesla dying’

Musk said he could not take the request seriously, especially as Gates was hoping to make money on the downfall of the one company taking EVs seriously.

The Tesla frontman has continued to take shots at Gates over the years from time to time, but the latest comment came as Musk’s net worth swelled to over $600 billion. He became the first person ever to reach that threshold earlier this week, when Tesla shares increased due to Robotaxi testing without any occupants.

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Musk refreshed everyone’s memory with the recent post, stating that if Gates still has his short position against Tesla, he would have lost over $10 billion by now:

Just a month ago, in mid-November, Musk issued his final warning to Gates over the short position, speculating whether the former Microsoft frontman had still held the bet against Tesla.

“If Gates hasn’t fully closed out the crazy short position he has held against Tesla for ~8 years, he had better do so soon,” Musk said. This came in response to The Gates Foundation dumping 65 percent of its Microsoft position.

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Tesla CEO Elon Musk sends final warning to Bill Gates over short position

Musk’s involvement in the U.S. government also drew criticism from Gates, as he said that the reductions proposed by DOGE against U.S.A.I.D. were “stunning” and could cause “millions of additional deaths of kids.”

“Gates is a huge liar,” Musk responded.

It is not known whether Gates still holds his Tesla short position.

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