News Post

Why Elon Musk prioritized China over India

Elon Musk's visit to China has sparked discussions in India after he canceled his planned trip to India and a meeting with Prime Minister Narendra Modi. Tesla has been facing challenges with its revenues and demand for electric vehicles. Musk's visit to China had a positive impact on Tesla's stock price following Beijing's approval for the rollout of its self-driving cars. China is a key market for Tesla, accounting for 40% of its sales last year. However, the Chinese market is competitive, with price wars and strong domestic rivals. India is also seen as a potential market for Tesla's global ambitions, given the growing demand for electric vehicles. The company may need to consider launching cheaper models to make inroads into the Indian market.