Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk, who is now facing the heat over weakening fundamentals and strategic missteps, would reportedly visit India on Monday.’
What Happened: While in India, Musk would meet with Prime Minister Narendra Modi and is expected to announce investment to the tune of $2 billion to $3 billion, Reuters reported, citing sources familiar with the discussions.
The investment will likely be mainly directed at building a new factory, the report said.
Tesla has not officially confirmed the billionaire’s India visit but Musk himself announced on X that he will meet Modi without specifying a timeline. Local media outlets are awash with speculation regarding the visit.
CNBC TV18, a local television channel, reported last week that India’s southernmost state Tamil Nadu is vying to ...