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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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Texas CEO Elon Musk is not coming to India. A report claims Elon Musk has cancelled his visit to India. Though the reason for the delay is not yet known, it is believed that Moscow's visit to India has been postponed due to a conference call in the U. S. on April 23.

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  • 52% of the sources are Center
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Devdiscourse broke the news in India on Saturday, April 20, 2024.
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