Elon Musk postpones India trip, citing ‘heavy obligations' at Tesla

Core Insights - Elon Musk has postponed a trip to India, originally scheduled for April 21-22, due to "very heavy obligations" at Tesla, which includes a planned investment of $2-3 billion in a new plant [1] - Tesla is expected to report its worst performance in seven years, with a significant decline in deliveries and a reduction of over 10% in its global workforce, amounting to at least 14,000 roles [2] - Analysts express concerns regarding Tesla's growth in China, the development of a cheaper electric car known as "Model 2," and the potential impact of a shift towards self-driving robotaxis on existing projects [2] Group 1 - Musk's visit to India was anticipated to include meetings with Prime Minister Narendra Modi and executives from space industry startups [3] - Tesla's deliveries missed market expectations by approximately 13%, indicating a slowdown in global demand for electric vehicles [2] - The company's shares have declined by 40% so far this year, leading analysts to describe the upcoming conference call as a "moment of truth" for Musk and Tesla [2] Group 2 - There are reports that Tesla has halted the development of the Model 2, which Musk publicly disputed, claiming "Reuters is lying" without providing specifics [3] - Musk is also awaiting regulatory approvals from the Indian government to launch the Starlink satellite broadband service in India [3] - Longtime supporters of Tesla are reportedly losing faith in the company's future, marking a shift in sentiment compared to previous challenging periods [3]