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Elon Musk's net worth increases after his historic meeting with Prime Minister Narendra Modi in United States

By Lokmat English Desk | Published: June 21, 2023 11:54 AM

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World's richest man Elon Musk met Prime Minister Narendra Modi on Tuesday. After this meeting, he said that his electric car company Tesla is ready to come to India as soon as possible.
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Shares of Tesla Company touched the roof after Musk's historic meeting with Modi. Shares of the company increased by 5.34 percent. This increased Musk's net worth to $9.95 billion which is about Rs.8,16,31,64,07,500.
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According to the Bloomberg Billionaires Index, his net worth has now reached $243 billion. Last month, Musk said his company would finalize a location for the new project by the end of this year.
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He also said that India is a good place for a new project. After the meeting between Modi and Musk, the possibility of Tesla investing in India has increased. As a result, the company's shares rose sharply.
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Earlier last year, Tesla had decided to abandon its plans to enter India. He said that the import tax on vehicles in India is very high. But in recent times, the company is once again exploring its prospects in India.
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Musk plans to visit India next year to weigh possible investments in the country, he said after meeting PM Modi at Lotte New York Palace Hotel on June 20. 'It was an excellent and a very good conversation,' Musk told the media. 'I am planning to visit India next year.''I would like to thank the prime minister for his support and hopefully we will be able to announce something in the not so distant future,' Musk said.'We do not want to jump the gun on an announcement but I think it is quite likely that it will be a significant investment in our relationship with India,' the Tesla CEO said.
Tags: Elon MuskPM Modi US VisitNarendra ModiElon musk-run tesla
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