Brief by Shorts91 Newsdesk / 11:04am on 15 May 2024,Wednesday India Global
Indian-American entrepreneur Vivek Wadhwa criticized Elon Musk for not considering moving Tesla's manufacturing to India, calling him the "biggest loser." Musk canceled a meeting with India's Prime Minister Narendra Modi to visit China, where he secured concessions. Wadhwa claimed to have urged Musk to consider India over China due to the risks of technology transfer. His comments follow Theresa Fallon's observation that US and European automakers fail in China due to short-term gains and technology transfers. Wadhwa's critique highlights concerns over Tesla's strategy and missed opportunities in the Indian market.
