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Tesla's Next Asian Gigafactory May Be in India

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If the India rumor is true, then the next 2nd Asia Gigafactory will be located in India where Tesla will be building a small inexpensive electric vehicle.

The Motley Fool writes.

"In a Monday-morning note, Roth Capital analyst Craig Irwin — a longtime Tesla skeptic — raised his rating on Tesla's shares to neutral, from sell, and boosted his price target to $750 from $350.

"Irwin's note wasn't just a matter of an analyst throwing up his hands amid the stock's relentless rise. There's an intriguing case here: Irwin wrote that his checks show that Tesla's preparations to enter the Indian market are advancing and that India has a similar upside potential to China for the EV maker.

Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.