Tesla Might Have a Fix for the Elon Musk Problem

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Tesla is having a nightmare year, and most of the damage can be identified directly to its CEO Elon Kasturi.

After spending about $ 290 million to help Donald Trump return to the White House, he took a tailor-made role in the administration of Kasturi, led the new government skill department (dose). His pressure to slash the federal agencies and cut social programs, combined with his controversial theories, gave birth to global protest outside the showroom. The company’s liberal customer base, once the greatest asset seemed isolated, many owners regretted their purchase publicly.

The response has been ruthless. In the first trimester, Tesla’s global sales decreased by 13% and its net income was submerged from a wonderful 71% to $ 409 million over the previous year. Since January, the company’s stock has dropped more than 20%. With the initial information that the slide does not stop, the renowned loss looks deep and chronic even after being spectacular with the spectacular president of the musk and departing from the administration.

However, Tesla may have a plan to escape. According to a new Bloomberg report, auto makers are turning its spectacular places into India.

The company is preparing to open the first showroom in Mumbai in mid -July, after which another plan has been made for New Delhi. The first shipment of Chinese -made vehicles, originally the best -selling model Y SUV, has already been shipped to the country. This step is not just about expansion; It is a strategic pive toward the third largest auto market in the world, it is a market that can potentially offset the demand for crater in Europe and continues to compete from Chinese rivals Bidi.

Over the years, Tesla’s attempt to enter India has failed, the local production requirements and disagreements over the price determination have been shattered. The breakthrough seems to have arrived in February after a musk meeting with Indian Prime Minister Narendra Modi during a state visit to Washington. The two leaders spoke again on the phone in April.

” @Elnmask talks and talks about various issues,” Modi posted on X. “We have discussed the infinite potential of cooperation in technology and innovation.”

Kasturi responded with enthusiasm and said, “I am looking forward to a visit to India later this year!”

For any organization that is desperate to change the story, this pivot can be the necessary lifeline in a huge, unlucky market. The question is whether the new chapter in India may be enough to fix the damage at home.

Tesla did not immediately respond to Gizmodo’s comment request.

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