Elon Musk prioritized China for Tesla's growth over India

livemint.com — May 6, 2024 at 07:00 AM UTC

Elon Musk's canceled India visit, where he planned a $3 billion investment, sparked debates. Tesla's revenue dropped 9% to $21.3 billion in Q1 2024. Musk's trip to China boosted Tesla's shares by 15% after securing approval for full self-driving cars. China, the largest EV market, accounted for 40% of Tesla's sales in 2023. India's growing EV market presents a key opportunity for Tesla's global expansion.

With a significance score of 3.6, this news ranks in the top 18% of today's 28237 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.