New Delhi: Indian-American entrepreneur Vivek Wadhwa says billionaire Elon Musk’s decision to choose China over India for Testra’s manufacturing unit “will be the biggest loser”. Ta.
In a post on X, formerly known as Twitter, Wadhwa wrote: “The biggest loser here will be Elon. A few years ago, I exchanged emails with him about the risks in China. I warned them they would rob him blind and instead sent manufacturing to India. We now have a monopoly on the market.”
This entrepreneur is an example of Teresa Fallon, director of the Center for Russia, Europe and Asia Research, who explains why American and European automakers fail in China. “Corporate arrogance.” We know the Chinese way, and it was good while it lasted, but those days are over.
Wadhwa’s post has received more than 88,000 views, with multiple viewers commenting, “Great point! It’s a mistake to think Tesla is too expensive for India. Look at how dominant it has become since then. India will become India’s third largest market.” soon. “
Another person said, “India has sold a total of about 165,000 EVs to date, but most Indians cannot afford to buy EVs and it is not practical.In fact, Tesla China itself , excluding exports, we have sold almost the same number of cars in about two months.” It would have been a disastrous decision to move India before China. ”
The comments came after Musk visited China days after canceling a planned visit to India last month, which he said was postponed due to unexpected work at Tesla.
There, the billionaire won concessions for Tesla and was seen meeting with Chinese Premier Li Qiang there. It was also reported that Tesla has made progress in rolling out its advanced driver assistance package in China due to Elon Musk’s visit.
In a post on X, formerly known as Twitter, Wadhwa wrote: “The biggest loser here will be Elon. A few years ago, I exchanged emails with him about the risks in China. I warned them they would rob him blind and instead sent manufacturing to India. We now have a monopoly on the market.”
Expanding
This entrepreneur is an example of Teresa Fallon, director of the Center for Russia, Europe and Asia Research, who explains why American and European automakers fail in China. “Corporate arrogance.” We know the Chinese way, and it was good while it lasted, but those days are over.
Wadhwa’s post has received more than 88,000 views, with multiple viewers commenting, “Great point! It’s a mistake to think Tesla is too expensive for India. Look at how dominant it has become since then. India will become India’s third largest market.” soon. “
Another person said, “India has sold a total of about 165,000 EVs to date, but most Indians cannot afford to buy EVs and it is not practical.In fact, Tesla China itself , excluding exports, we have sold almost the same number of cars in about two months.” It would have been a disastrous decision to move India before China. ”
The comments came after Musk visited China days after canceling a planned visit to India last month, which he said was postponed due to unexpected work at Tesla.
There, the billionaire won concessions for Tesla and was seen meeting with Chinese Premier Li Qiang there. It was also reported that Tesla has made progress in rolling out its advanced driver assistance package in China due to Elon Musk’s visit.
