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.
Indian share market ends in red ahead of key global policy decisions
Ahead of key policy decisions especially from the US Federal Reserve, the Indian stock market closed in red on Tuesday as selling was seen in the PSU bank, auto, IT, financial service, pharma, FMCG, metal, and realty sectors of Nifty.
Buy on dips strategy working well in Indian stock market amid sharp rebound
The surge in the Indian stock market on Friday helped the Indian benchmark indices end the week on a positive note. A strong 2,000-point rebound from the lows suggests that the buy-on-dips strategy is working well in the market, experts said on Saturday.
India’s GDP growth to hold steady in FY25, likely to clock 6.7 pc in FY26
India's economic growth will continue to hold steady in FY25 despite global uncertainties, with a projected GDP at 6.7 per cent in FY26, a report showed on Friday.
Share market ends lower ahead of CPI data, Sensex settles at 81,289
According to experts, "the market continued to remain range bound ahead of domestic CPI data and weakening rupee. Though inflation is anticipated to drop, investors are maintaining a close vigil on the vegetable prices, which will determine the future rate trajectory."
Indian share market opens higher ahead of CPI data
The Indian stock market opened higher on Thursday ahead of the consumer price index (CPI) data. In the early trade, selling was seen in Nifty's auto and PSU bank sectors.
Tira unveils its flagship luxury beauty store at Jio World Plaza
Tira, the beauty retail chain of Reliance Retail, unveils its luxury flagship store today at Jio World Plaza, Mumbai which is poised to elevate the beauty shopping experience to unprecedented heights, offering an experience that is comparable with the best of global standards in luxury beauty retail.
Sensex crashes 984 points, loses 1,795 points in 3 trading sessions
Due to the decline, the market cap of all the companies listed on the Bombay Stock Exchange (BSE) has declined by about Rs 6 lakh crore which now stands at Rs 430 lakh crore.
Sensex slips below 78,000, investors lose over Rs 6 lakh crore
Indian equity indices traded in deep red on Wednesday due to large selling in the heavyweights like Reliance Industries and HDFC Bank, among others.