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Tesla's Elon Musk postpones India trip, aims to visit this year

  • Elon Musk, CEO of Tesla, postponed a planned trip to India where he was set to meet with Prime Minister Narendra Modi, citing "very heavy Tesla obligations" and expressing his desire to reschedule the visit later this year.
  • The trip was expected to include the announcement of Tesla's plans to enter the South Asian market, with an investment of $2-$3 billion to build a factory in India after the government announced a policy lowering tariffs on imported cars for local investment.
  • The postponement was reported by Reuters, citing four people familiar with the matter.
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