Elon Musk, on Saturday, confirmed that he will not visit India this month amid crucial Tesla quarterly results and will possibly visit the country later this year to announce his investment plans.
In a post on X, the billionaire said that unfortunately, “very heavy Tesla obligations require that the visit to India be delayed.”
“But I do very much look forward to visiting later this year,” Musk added
Last week, the billionaire had tweeted that he was looking forward to meeting Prime Minister Narendra Modi.
The SpaceX CEO was also set to meet representatives of Indian space companies during his India visit.
Musk has a key conference call with analysts about Tesla’s latest quarter (Q1) results, after the company reduced 10 per cent of its workforce, or around 14,000 employees — globally.
The layoffs at Tesla “gutted some departments by 20 per cent and even hit high performers,” and the decision was apparently made "due to poor financial performance.”
Two high-profile Tesla executives -- Rohan Patel, VP of Public Policy and Business Development and Drew Baglino, Tesla’s SVP of Powertrain and Energy -- have also quit.
Tesla has just shelved plans to develop a low-cost EV for around $25,000.
Elon Musk, Sam Altman fight over Stargate on social media
The xAI owner Elon Musk and OpenAI CEO Sam Altman are fighting on X about Stargate, the enormous infrastructure project to build data centres for OpenAI across the US.
Sensex jumps 566 points, Nifty holds at 23,000 as US tariff fears ease
The Indian stock market witnessed a roller-coaster ride on Wednesday, as benchmark indices Sensex and Nifty bounced back strongly in the latter half of the day after uncertainties over impending US trade tariff eased.
Trump 2.0 jitters: Sensex tanks over 1,200 points, Nifty ends at 23,024
As the new US President Donald Trump began his second innings with signing several executive orders along with sounding threats about impending trade tariffs on certain countries and BRICS nations, both Sensex and Nifty plunged on Tuesday.
Adani Energy Solutions wins its largest-ever Rs 25,000 cr Bhadla-Fatehpur HVDC project
Adani Energy Solutions Ltd (AESL) on Tuesday said it has won a Rs 25,000 crore Bhadla (Rajasthan)-Fatehpur (Uttar Pradesh) high voltage direct current (HVDC) order, its largest-ever order win to date.
Sensex opens higher as traders gear up for Trump’s inauguration
Indian benchmark indices opened higher on Monday, taking positive cues from its Asian peers, as traders geared up for Donald Trump's inauguration as the 47th US President.
India continues to outpace global peers on economic growth: Centre
As the fastest-growing large economy, with steady growth projected at 6.7 per cent over the next two fiscal years, India continues to outpace global peers and cement its position as a leader in economic resilience and progress, the government said on Saturday.
India's auto sector poised for robust growth, ‘Make in India’ a game changer: Industry
India's auto sector is poised for strong growth and the ‘Make in India’ initiative under the vision of Prime Minister Narendra Modi continues to help automotive companies not only produce more vehicles locally but also ramp up export volumes too, including EVs, industry leaders said on Saturday.
Indian stock market opens lower amid weak global cues
At around 9.30 am, Sensex was trading at 76,717.03 after dropping 325.79 points or 0.42 per cent, while Nifty was trading at 23,225 after declining 86.80 points or 0.37 per cent.