The CEO cited obligations at his Tesla automaker, saying he aimed to reschedule the visit for later this year.
Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.
Reuters reported the postponement on Saturday, citing four people familiar with the matter. The trip was to have included the announcement of plans for the electric vehicle maker to enter the South Asian market, Reuters has reported.Tesla could have used the India announcement to try to reassure investors after months of share-price declines and the news on April 15 that it would lay off more than 10% of its global workforce.
Reuters reported on April 5 that Tesla had halted development of its long-awaited affordable EV, often called the Model 2. Musk posted that “Reuters is lying” after the report, without citing any inaccuracies. He has not spoken further about the model, leaving investors clamouring for clarity. Musk would have arrived on Sunday, two days after the start of India’s nation election, in which Modi is forecast to win a rare third term. Modi wants to highlight progress toward promises of making India a global manufacturing hub.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tesla's Elon Musk postpones India trip, aims to visit this yearExplore stories from Atlantic Canada.
Lire la suite »
Tesla's Elon Musk postpones India trip, sources sayExplore stories from Atlantic Canada.
Lire la suite »
Modi to Meet Elon Musk Amid The World’s Biggest Election: India VotesEach day, Bloomberg journalists take you across a selection of towns and cities as they gear up for the big vote.
Lire la suite »
Musk Postpones India Visit, Citing Heavy Tesla Obligations(Bloomberg) -- Elon Musk postponed his visit to India which would have included a meeting with Prime Minister Narendra Modi, saying he has to deal with “very...
Lire la suite »
Tesla's Musk likely to unveil $2-$3 billion India investment during visit, sources sayExplore stories from Atlantic Canada.
Lire la suite »
Tesla's Musk to meet Modi, visit India to disclose investment plans, sources sayExplore stories from Atlantic Canada.
Lire la suite »