Report: Elon Musk Set to Depart for India Prior to Tesla's Q1 Earnings, Seeks $2B-$4B Investments

Quick Summary:

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.

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.

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Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United StatesIndia

Topics: News US88160R1014 Top Stories Equities Markets EVs Mobility Media TSLA Elon Musk Stories That Matter Electric vehicles Benzinga Trading Ideas Tech

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 13:51:55 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Benzinga

News ID: 20713792

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