Tesla Halts India Investment Plans Amid Global Challenges

Elon Musk's team ceases communication with Indian officials as the company faces declining deliveries and increased competition.

Tesla has stopped engaging with Indian officials about potential investment in the country.
Elon Musk canceled a planned visit to India, citing urgent company matters.
India had recently lowered import taxes to attract foreign EV manufacturers like Tesla.
Tesla is dealing with consecutive quarterly drops in global deliveries and competition from China.
India's government is now focusing on boosting EV production through domestic carmakers.