Tesla(US:TSLA) Business Insiderยท2025-02-20 14:27Core Viewpoint - President Donald Trump expressed concerns that it would be "unfair" for Tesla to open a factory in India due to the country's high import tariffs on electric vehicles, which can reach up to 100% [1][2]. Group 1: Tariff Policies and Market Entry - Trump criticized India's tariff policy, stating that it makes it "impossible" for Tesla to sell cars in the country [2]. - He mentioned that if Musk were to build a factory in India, it would still be "unfair" to the US, highlighting the protectionist nature of India's tariffs [2][3]. - India announced plans to lower EV tariffs for companies willing to invest in local manufacturing, which could facilitate Tesla's entry into the market [4]. Group 2: Tesla's Expansion Plans - Tesla has been actively seeking to establish a presence in India, recently posting job advertisements for showroom positions in New Delhi and Mumbai [5][9]. - Speculation exists that Tesla may announce a significant investment in India, although plans were postponed due to recent layoffs [4][5]. Group 3: Political Dynamics - Musk's ambitions in India may conflict with Trump's advocacy for a tough tariff regime aimed at boosting domestic manufacturing [6]. - Trump noted that he is monitoring potential conflicts of interest regarding Musk's dual role as a business leader and political advisor [7].