India’s hopes for Tesla investment cool as Musk ceases contact
Tesla paused India talks after Elon Musk canceled an April visit. With capital constraints, declining deliveries, and Cybertruck, Mexico plant delays, focus shifts to Tata Motors, Mahindra. Musk's import tax cuts favored $497M+ foreign EV investment. No comments from Heavy Industries Ministry, Modi. Tesla’s staff cuts, few charging stations limit progress, EVs just 1.3% market per BloombergNEF.
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Jul 4, 2024
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Tesla paused India talks after Elon Musk canceled an April visit. With capital constraints, declining deliveries, and Cybertruck, Mexico plant delays, focus shifts to Tata Motors, Mahindra. Musk's import tax cuts favored $497M+ foreign EV investment. No comments from Heavy Industries Ministry, Modi. Tesla’s staff cuts, few charging stations limit progress, EVs just 1.3% market per BloombergNEF.
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