Elon Musk, the CEO of Tesla, was set to visit India for a two-day trip on April 21 and 22 to hold discussions with Prime Minister Narendra Modi and unveil Tesla's entry plans in the Indian market. However, Musk had to postpone his visit as a result of pressing obligations at Tesla, acknowledging the delay in a post on X, which is formerly known as Twitter. Despite the setback, Musk expressed his anticipation of visiting India later in the year.
The postponement of Musk's visit threw a spotlight on the potential clash with a scheduled call he had with investors and analysts concerning Tesla's earnings, scheduled for April 23. There is speculation that this conflict could have been a primary reason behind the rescheduling of his India trip. This unexpected change in plans has led to uncertainty regarding the new dates for Musk's visit to India, where he was expected to make significant announcements, including a multibillion-dollar investment in the country, mostly directed towards constructing a new factory.
During the now-cancelled visit, Elon Musk was reportedly planning to announce a substantial investment of $2-$3 billion in India, with a special focus on establishing a new manufacturing plant. This initiative was part of the Indian government’s efforts to attract foreign electric vehicle companies, with Musk highlighting his interest in engaging with Indian startups and space firms during his trip. The proposed Tesla factory, which would serve both local and global demands for Tesla's electric vehicles, received offers of land from the state governments of Maharashtra and Gujarat, indicating a promising prospect for Tesla's presence and operations in India.