Brief by Shorts91 Newsdesk / 12:16pm on 20 Apr 2024,Saturday Business
Tesla CEO Elon Musk postpones his India trip, where he was set to meet Prime Minister Narendra Modi and startup founders, citing "very heavy Tesla obligations." The visit, anticipated to unveil Tesla's entry plans into India, is postponed to later this year. This decision follows Tesla shareholders' reaffirmation of Musk's $56 billion compensation, previously rejected by a Delaware judge. Musk's delay comes amid India's consultations with auto industry players, including Tesla, to operationalize new Electric Vehicle (EV) policy guidelines. The policy aims to attract investment in EV manufacturing, facilitating Tesla's entry into India's burgeoning automotive market.
