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Saturday, May 25, 2024

Musk postpones trip to India

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New Delhi, India—Tech billionaire Elon Musk announced Saturday he was postponing his visit to India, during which the Tesla boss was meant to meet Prime Minister Narendra Modi and discuss big investment plans.

The news came a day after Musk’s electric car company announced the recall of nearly 4,000 Cybertruck vehicles owing to an acceleration pedal defect that increased crash risks.

“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,” he said in a post on his social media platform X.

Media reports had suggested the trip would begin as soon as Sunday and last two days, during which Musk would meet with Modi and aerospace companies.

Tesla was reported to be scouting factory locations in India after the government last month cut import taxes on electric vehicles for global automakers that committed to invest $500 million and to start local production within three years.

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