In October, Tesla CEO Elon Musk said on Twitter the company will enter India in 2021 "for sure", though the billionaire had issued similar tweets in the past.
Russell founded a business to help self-driving cars avoid collisions and today is one of the most successful entrepreneurs with his company going public last December.
Even though the mid-air explosion in the skies looked like a meteor shower, experts suggested that the event could have happened due to a space junk burn out.
Musk's death hoax started doing the rounds just a day after billionaire investor Ron Baron sold $1.8 million worth of Tesla shares, causing the company's share prices to dip.
The reverse-merger represents the largest injection of capital into Lucid Motors since Saudi Arabia's Public Investment Fund invested more than $1 billion in 2018.
With the growing number of space junk posing risk to functioning satellites and the ISS, Japan is developing a wooden satellite that can withstand the harsh space environment.
Oxford University researchers turned CO2 into jet fuel and water by using an inexpensive iron-based catalyst that can make the aviation industry carbon neutral in the coming years.