Tesla has opted to enhance production using current facilities rather than investing in new manufacturing sites, potentially delaying its India plans. CEO Elon Musk indicated that new vehicle launches, including affordable models, could occur earlier than anticipated, utilizing current production lines more efficiently. This shift, aimed at fast and cost-effective production, pleased investors despite quarterly results missing estimates. Postponing its India entry could impact the government’s efforts to attract global automakers, despite recent EV policy changes.
Tesla Shifts Focus to Existing Facilities, India Plans May Stall
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/04/26065047/newindianexpress_2024-04_1791cb3e-ada3-49d1-bcf2-472c10f69214_Tesla_likely-ezgif.com-avif-to-jpg-converter-860x930.jpg)