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US entrepreneur calls Elon Musk ‘Biggest loser’ on choosing China over India for Tesla manufacturing unit

Wadhwa said that "Elon is going to be the biggest loser" by picking China over India for manufacturing the Tesla electric cars.

EPN Desk14 May 2024 06:32

US entrepreneur calls Elon Musk ‘Biggest loser’ on choosing China over India for Tesla manufacturing unit

Indian-American academic, entrepreneur, and author, Vivek Wadhwa has slammed the decision of billionaire Elon Musk for choosing China over India for the Tesla manufacturing operation.

Wadhwa said that "Elon is going to be the biggest loser" by picking China over India for manufacturing the Tesla electric cars.

"A few years ago, I exchanged emails with him about the risks in China. I warned him they would rob him blind and urged him to consider moving manufacturing to India instead, where he would have dominated the market by now," said Wadhwa.

Last month, Musk had planned his visit to India and was due to meet PM Modi around April 22. He was expected to announce an investment of up to USD 3 billion in a car plant but cancelled saying there were "very heavy Tesla obligations".

However, just days later, the billionaire visited China and won concessions for Tesla.

The EV giant as the company managed to get a clearance to roll out self-driving software as Tesla's cars made in China passed key data security and privacy requirement in China.

Indian officials are hopeful that Musk will invest in the near future due to recent changes to EV policies.
 

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