Brief by Shorts91 Newsdesk / 12:53pm on 20 Apr 2024,Saturday Business
Rohan Patel, Tesla's VP of public policy and business development, exits days before Elon Musk postpones India visit, citing "very heavy Tesla obligations." Musk's trip aimed to expand Tesla's market in India with a potential $2-3 billion investment for a manufacturing plant, aligning with PM Modi's Made in India initiative. Patel's departure raises questions about Tesla's India strategy. Amidst reports of shelving affordable EV plans and tumbling shares, Tesla faces challenges in a competitive market. Musk awaits regulatory approvals for Starlink project in India, as uncertainty looms over Tesla's future endeavors.
