Elon Musk's Tesla halts India investment plans due to capital issues and postponed visit.
Tesla's India investment plans seem to have cooled down as Elon Musk's team has ceased contact with Indian officials. Musk postponed his visit to India in late April and the government understands that Tesla is facing capital issues and is unlikely to invest in India in the near future. This comes amidst a drop in Tesla's quarterly deliveries globally and heightened competition in China.
July 04, 2024
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