Tesla looking at Russia as a potential production hub – Elon Musk

Tesla CEO Elon Musk says the US electric carmaker is exploring opportunities for establishing a presence in Russia and opening production lines in the country.

Apart from the US, the automaker has already launched two production sites in the Chinese municipality of Shanghai, and is considering opening facilities in other parts of the world, Musk said via a video link at a forum on Russian education in Moscow on Friday.

The company is reportedly also planning to launch a production site in Germany, and to open a new plant in Austin, Texas in the US as soon as by the end of this year. Tesla is also considering entering the Indian market.