Elon Musk

Tesla, under the leadership of Elon Musk, on Tuesday revealed plans to utilize its existing factories for the production of new and more affordable vehicles, with potential production beginning as soon as the end of this year.

Tesla chief Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, three people familiar with the matter said.

Following reports of Israeli strikes on the city of Isfahan in Central Iran amidst escalating conflict in the region, Tesla CEO Elon Musk made a veiled comment, suggesting that rockets should be directed towards stars instead of at each other.

Reports suggest the trip will begin as soon as Sunday and last two days, coming after months of aggressive courtship between the billionaire and PM Modi. Musk, who has described himself as a PM Modi fan, also said India "has more promise than any large country in the world".

Social media platform X announced on Thursday its intention to collaborate with the government of Pakistan 'to address its concerns,' following authorities' declaration of a continuing two-month ban citing security reasons.

Tesla chief Elon Musk is set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi, according to recent media reports.

“Look, the first thing saying that Elon Musk is a supporter of Modi is one thing, basically, he is a supporter of India. And I just met him. It’s not like that,” PM Modi was quoted as saying.While the final agenda of the business tycoon’s visit is yet to be confirmed, it is widely believed that he may unveil big-ticket investment plans for the country.

Tesla is searching for suitable locations to set up showrooms in New Delhi and Mumbai, aiming to begin sales later this year, according to media reports. The development comes ahead of Tesla founder Elon Musk's trip to India later this month when he will meet Prime Minister Narendra Modi and announce his investment plans in the country.

Elon Musk's upcoming visit to India is set to unveil plans for Starlink satellite internet services and significant investments in Tesla, including a potential $2-3 billion investment in India and discussions with PM Narendra Modi and industry leaders. Musk aims to revolutionize connectivity and electric vehicle adoption, sparking anticipation for transformative changes in India's technology.

Elon Musk's confirmed visit to India to meet Prime Minister Modi sparks anticipation of significant investments in the EV sector, potentially transforming India into a major market and manufacturing hub for Tesla.