Tesla (TSLA) CEO Elon Musk tweeted Wednesday afternoon that he was currently in discussions with the Indian government regarding Tesla's operations in the country.

In discussions with the government of India requesting temporary relief on import penalties/restrictions until a local factory is built

— Elon Musk (@elonmusk) June 14, 2017

Last month, Musk took to Twitter (TWTR) to announce that his India plans had been delayed by the country's "Make in India" push which requires foreign companies to source at least 30% of their products locally.

For Tesla vehicles, "the supply doesn't yet exist in India to support that," Musk said.

Shares of Tesla closed higher by 1.25% on Wednesday. 

What's Hot on TheStreet

Amazon car dealer talk won't go away: This news continues to spread around the globe, probably sparking fear in the minds of all used car sales people. As TheStreet reported this week, Amazon (AMZN) has reportedly taken early steps to become an online car dealership in Europe, this according to a German trade weekly called Automobilwoche. The German newspaper cites Christoph Moeller, an industry specialist, as saying he has been placed in charge of the company's European business with car makers. Amazon is said to be planning to run that business out of Luxembourg and is eyeing the U.K. as its possible first market.

U.S. names that could be at risk should Amazon eventually sell cars in the states: CarMax (KMX) , AutoNation (AN) and struggling upstart dealer Carvana (CVNA) .

Step aside Starbucks: Panera Bread (PNRA) continues to impress on so many fronts. On Tuesday, Panera Bread announced that it has exceeded $1 billion in digital sales. TheStreet reports that the "Amazonization" of fast food continues.

Starbucks SBUX isn't the only one who can do digital well.

Apple and cars: TheStreet dives deep into Apple's (AAPL) car ambitions. To be sure, this is a story that is only just starting to play out. Companies from Ford F to Uber should be closely planning for Apple's aggression in the auto space over the next five years.

About Uber: Uber's investors continue to back the embattled ride-sharing company, according to TheStreet's sources.

Starbucks and Apple are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells SBUX and AAPL? Learn more now.

More from Stocks

Full Blown Trade War With China Will Pound S&P 500 Profits: Goldman Sachs

Full Blown Trade War With China Will Pound S&P 500 Profits: Goldman Sachs

Dow Wavers, S&P 500 and Nasdaq Rise Ahead of Alphabet Earnings

Dow Wavers, S&P 500 and Nasdaq Rise Ahead of Alphabet Earnings

3 Simple Reasons to Buy Bank Stocks With Juicy Dividends

3 Simple Reasons to Buy Bank Stocks With Juicy Dividends

PayPal's New Activist Investor Is Right for Thinking Stock Is 50% Undervalued

PayPal's New Activist Investor Is Right for Thinking Stock Is 50% Undervalued

Sergio Marchionne in His Own Words: Why Ferrari's IPO Has Been So Successful

Sergio Marchionne in His Own Words: Why Ferrari's IPO Has Been So Successful