New Delhi
CNN
—
Elon Musk has postponed his planned trip to India, citing “very heavy” obligations at Tesla.
The Tesla CEO was on account of arrive in India subsequent week for a go to that was anticipated to incorporate a gathering with Prime Minister Narendra Modi and affirmation that Tesla will construct a manufacturing unit on the earth’s most populous nation.
“Sadly, very heavy Tesla obligations require that the go to to India be delayed, however I do very a lot stay up for visiting later this yr,” Musk posted on X on Saturday.
Musk posted final week on X that he was “trying ahead” to assembly Modi.
He was additionally planning to fulfill leaders of Indian house tech startups throughout his go to, together with Pawan Chandana, co-founder of Skyroot Aerospace, which launched India’s first privately developed rocket in 2022. Aside from Tesla (TSLA), Musk can be the boss of rocket firm SpaceX and X, previously Twitter.
Presently the world’s fourth-richest man, Musk was anticipated to announce an funding of $2 billion to $3 billion in India, primarily for constructing the brand new Tesla manufacturing unit, Reuters and the Financial Times reported, citing nameless sources.
His journey was initially scheduled simply days after India commenced the world’s largest democratic election. An estimated 960 million individuals within the nation of 1.4 billion are eligible to vote within the ballot, which began on Friday and can take greater than a month to finish. Modi is broadly anticipated to clinch a uncommon third consecutive five-year time period as prime minister.