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From EV Batteries To Pod Taxis: India's Richest Man Seems To Prepare For The Elon Musk Challenge

Elon Musk could face a stiff challenge from India’s richest person Mukesh Ambani as Tesla Inc.’s (NASDAQ: TSLA) founder intensifies focus on expanding his business in the South Asian nation. What Happened: Ambani’s Reliance Industries said Sunday it has acquired a majority stake in skyTran Inc., a U.S.-based transportation company that competes with Musk’s Hyperloop in making pod taxis. Reliance Industries made the acquisition through its subsidiary, Reliance Strategic Business Ventures. See also: How to Invest in the Indian Stock Market The proposed skyTran transportation systems will feature computer-controlled passenger pods running on patented passive magnetic levitation and propulsion technology to transport passengers. The pods are expected to attain speeds of up to 240 kilometers per hour. Why It Matters: The two billionaires are also expected to compete against each other in the field of electric vehicles. Since the beginning of this year, there has ....

Reliance Industries , Elon Musk , Mukesh Ambani , Reliance Strategic Business Ventures , Skytran Inc , Transportation Company , நம்பகத்தன்மை தொழில்கள் , முகேஷ் அம்பானி , நம்பகத்தன்மை மூலோபாய வணிக முயற்சிகள் , போக்குவரத்து நிறுவனம் ,