His Cybertruck has problems, Elon Musk cancels his visit to India

Tech billionaire Elon Musk announced on Saturday that he is postponing his visit to India. The Tesla boss was supposed to meet Prime Minister Narendra Modi there and discuss major investment projects. The news came a day after the electric car maker announced recall of nearly 3,900 Cybertruck vehicles due to the problem of the accelerator pedal that can lock, thus increasing the risk of an accident.

“Unfortunately, Tesla’s heavy responsibilities require the visit to India to be postponed, but I look forward to doing it later this year,” Elon Musk said in a message posted on his social network that the trip will begin on Sunday and last two days. during which the billionaire would meet Modi and companies in the aerospace sector.

Tesla is said to have scouted plans to set up factories in India. The government last month reduced import duties on electric vehicles for international manufacturers who pledged to invest $500 million and launch local production within three years. This policy also allows companies to import up to 8,000 electric vehicles each year priced at or above $35,000, benefiting from greatly reduced tariffs.

Indian media reported that Tesla may first order cars from its Berlin factory until it makes a final decision on where to place the production line. Experts say the Indian market is unlikely to provide fresh air for the company, especially given the high prices of its cars. Tesla’s cheapest model, the Model 3 sedan, sells for around $39,000 in the US.

Musk’s current business interests in India are restricted to social media scrutiny. Musk, who has described himself as a fan of Modi, last visited India in 2007, calling the country “wonderful” and declaring that the Taj Mahal is “truly a wonder of the world.”