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A few days ago, according to foreign media citing sources familiar with the matter, after Tesla CEO Elon Musk postponed his trip to India, the company's executives stopped contact with the Indian side, and the Indian side expects that Tesla may put on hold indefinitely the plan to build a car in India.
India expects Tesla to put its plans to build cars in India on hold indefinitely
It is understood that according to the plan, Musk was scheduled to visit India on April 21 and announced plans to build a new car factory. Indian officials have said Tesla plans to invest about $3 billion in a factory in India to produce a low-cost car and import Tesla cars to India later this year.
But the day before the visit, Musk postponed his trip to India, and Tesla executives have not communicated further with Indian government officials since then.
According to people familiar with the matter, the Indian side understands that Tesla may be facing financial problems at present, so it does not plan to make new investments in India in the short term.
In the second quarter of 2024, Tesla delivered more than 444,000 vehicles worldwide
It is worth noting that the delivery data released by Tesla shows that in the second quarter of 2024, Tesla delivered more than 444,000 vehicles worldwide, an increase of 14.7% quarter-on-quarter and a decrease of 4.8% from the same period last year, which is also the second consecutive quarter of year-on-year decline in Tesla's deliveries. In terms of production, Tesla produced more than 410,000 electric vehicles in the second quarter, down 5.2% month-on-month and 14.4% year-on-year.
Overall, Tesla's global deliveries in the first half of this year were less than 1 million, only 830,000. In comparison, BYD's cumulative sales in the first half of the year have exceeded 1.61 million units. As for the overall sales forecast for this year, Tesla previously expected that the sales growth rate in 2024 will "decline significantly" while developing the next generation of vehicles. Now, Tesla is facing a decline in sales around the world, and Wall Street analysts expect Tesla's second-quarter performance to also decline significantly.
Tesla delivered less than 1 million vehicles worldwide in the first half of this year
According to foreign media reports, according to relevant data, India's electric vehicle market is currently in its infancy, and electric vehicles will only account for 1.3% of India's total car sales in 2023. Next, India may pin its hopes on local automakers to boost local EV production.