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Elon Musk’s India visit in limbo, could Donald Trump’s win boost Tesla entry into India?

Livemint

Livemint · 9m ago

Elon Musk’s India visit in limbo, could Donald Trump’s win boost Tesla entry into India?

Elon Musk's association with Donald Trump's presidential campaign led to a surge in shares of his companies, with Tesla shares rising over 15% after Trump's victory speech. Trump praised Musk as a "genius" and hinted at assigning him a role in the "Department of Government Efficiency" to cut government spending. However, it is uncertain whether Trump's win will affect Musk's attempts to enter the Indian electric vehicle market, as his visit to the country has been delayed due to Tesla's other obligations. The future relies on Trump's stance towards China and whether Musk looks for alternative options such as India.

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Musk's Tesla, Starlink entry to India be boosted by Trump: Report

Inshorts · 9m ago

Musk's Tesla, Starlink entry to India be boosted by Trump: Report

Elon Musk's plans about Tesla and Starlink's entry into India may get a boost with newly-elected US President Donald Trump's support, a report said. Trump's influence could ease the regulatory hurdles that the world's richest man faces in India, the report added. Notably, Musk has actively endorsed Trump in the elections.

Elon Musk’s ‘first buddy’ role: Tesla CEO joins Trump, Google’s Sundar Pichai on call, strengthens political ties

Livemint

Livemint · 9m ago

Elon Musk’s ‘first buddy’ role: Tesla CEO joins Trump, Google’s Sundar Pichai on call, strengthens political ties

Tesla and SpaceX CEO Elon Musk reportedly joined a private call between US President-elect Donald Trump and Google CEO Sundar Pichai. The call was made to congratulate Trump on his election win. Musk's involvement comes amid speculation about his ties with the Trump administration, as he has been seen at Trump's Florida residence and has made financial contributions to a pro-Trump political group. Musk's close relationship with the administration could benefit his companies, which rely on government regulation and subsidies. His influence also extends to interactions with world leaders, solidifying his role as a political power broker.

India prepares for Musk's arrival: Space and EV industry expected to boost

Livemint

Livemint · 1y ago

India prepares for Musk's arrival: Space and EV industry expected to boost

Tesla CEO Elon Musk's visit to India has garnered praise from Lt. Gen. AK Bhatt (Retd.), Director General of the Indian Space Association. Lt. Gen. Bhatt commended Musk for his contributions to disruptive technologies, particularly in the space exploration field. While Musk's visit primarily focuses on Tesla and electric vehicles, Lt. Gen. Bhatt emphasized the potential for domestic manufacturing, job creation, and the introduction of advanced automotive technology in India. Stakeholders anticipate the bolstering of India's EV ecosystem and the advancement of sustainable mobility solutions with Tesla's potential entry into the Indian market. A government official suggests that Musk may announce Tesla's entry into India after meeting with Prime Minister Narendra Modi on April 22.

Elon Musk’s wealth soars $34 billion as Tesla comes roaring back

Economic Times

Economic Times · 10m ago

Elon Musk’s wealth soars $34 billion as Tesla comes roaring back

Elon Musk's net worth surged by $33.5 billion as Tesla's shares had their biggest gain in over a decade. This solidified Musk's position as the world's richest person, with a wealth of $270.3 billion. The boost came after Tesla reported its highest quarterly profit since 2023 and Musk predicted strong vehicle sales growth. Tesla's success is crucial for Musk's wealth, as the company's shares and options make up about three-quarters of his fortune. Musk also made headlines for his support of Donald Trump and his advocacy for autonomous vehicles. He believes that Tesla will become the most valuable company in the world.

Elon Musk’s Tesla pulls back on India push, officials cool hopes as EV maker faces global pressures, says report | Mint

Livemint

Livemint · 1y ago

Elon Musk’s Tesla pulls back on India push, officials cool hopes as EV maker faces global pressures, says report | Mint

Indian officials have reportedly stated that they no longer expect Tesla to establish a production unit in the country, as there has been no further contact from the electric vehicle manufacturer. This comes after Elon Musk postponed his visit to India earlier this year. The Indian government has been made aware of Tesla's financial issues, and the company has no plans to invest further in India. The country is now looking towards domestic automakers to boost electric vehicle production. India's EV market is still in its early stages, with limited adoption due to high upfront costs and a lack of charging infrastructure.

Anand Mahindra reveals how he will handle competition from Elon Musk’s TESLA | Company Business News

Livemint

Livemint · 6m ago

Anand Mahindra reveals how he will handle competition from Elon Musk’s TESLA | Company Business News

Anand Mahindra, Chairman of Mahindra and Mahindra Group, addressed competition concerns from Tesla, led by Elon Musk, via a social media post. Reflecting on similar questions since India’s economy opened in 1991, he expressed confidence in his company’s resilience and ongoing relevance. Responding to inquiries on whether Indian companies could withstand Tesla's potential market entry, Mahindra emphasized the importance of healthy competition and public support in sustaining brand success in evolving markets.

Why Musk now needs China more than it needs him

Livemint

Livemint · 1y ago

Why Musk now needs China more than it needs him

Elon Musk's recent visit to Beijing highlighted the changing power dynamics between Tesla and the Chinese government. Despite facing tough competition from homegrown rivals, Musk secured assurances that Tesla can roll out its self-driving technology in China. The trip also allowed China to showcase its openness to American businesses and emphasize its tight regulatory controls over data. However, the meetings underscored that China now needs Tesla less to fuel its electric vehicle market. Analysts believe the visit was a win for Musk, but it remains to be seen if Tesla's declining fortunes in China can be reversed.

Elon Musk’s Tesla to set up first India showroom in Mumbai’s BKC

YourStory

YourStory · 5m ago

Elon Musk’s Tesla to set up first India showroom in Mumbai’s BKC

Tesla is set to open its first showroom in India, having leased a 4,000-sq ft space in Mumbai's Bandra Kurla Complex. The company, led by Elon Musk, will pay over Rs 35 lakh monthly rent, with annual increments. The showroom, near India's first Apple store, hints at future plans for local manufacturing. The lease, secured from Univco Properties, lasts five years with a significant security deposit, marking Tesla's entry into the Indian market.

Musk’s Tesla Inc. Sues Indian Battery Maker Tesla Power For Trademark Infringement

Inc42 · 1y ago

Musk’s Tesla Inc. Sues Indian Battery Maker Tesla Power For Trademark Infringement

Tesla has filed a legal suit against Tesla Power India and its US-based entity in the Delhi High Court, alleging trademark infringement and unfair trade competition. Tesla claims that Tesla Power used its trademark 'TESLA' in promotional articles and announced its entry into the electric vehicle market, which is Tesla's core market. Tesla Power argues that it is primarily engaged in the business of lead acid batteries and has no intention to manufacture EVs or use the TESLA trademark. The next hearing is scheduled for May 22. Similar trademark infringement cases have been seen in India involving other companies.

Tesla CEO Elon Musk Alleges Donald Trump’s Name in Epstein Files Amid Escalating Feud

OutlookIndia

OutlookIndia · 2m ago

Tesla CEO Elon Musk Alleges Donald Trump’s Name in Epstein Files Amid Escalating Feud

Tesla CEO Elon Musk has alleged that former President Donald Trump's name appears in the Jeffrey Epstein files, suggesting this as the reason for the documents not being fully released. This claim adds to the escalating feud between Musk and Trump, following disagreements over Trump's legislative proposal and government support for Tesla. Neither Trump nor the White House has responded to Musk's accusations about Trump's involvement in the Epstein files, keeping the public debate ongoing.

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