New Delhi, April 20: Elon Musk, on Saturday, confirmed that he will not visit India this month amid crucial Tesla quarterly results and will possibly visit the country later this year to announce his investment plans.

In a post on X, the billionaire said that unfortunately, “very heavy Tesla obligations require that the visit to India be delayed.” “But I do very much look forward to visiting later this year,” Musk added Last week, the billionaire had tweeted that he was looking forward to meeting Prime Minister Narendra Modi. The SpaceX CEO was also set to meet representatives of Indian space companies during his India visit. Elon Musk Says People Running Massive Bot Spam Operations on X, Refers Fake Engagement to Users Who Use Bots To Artificially Inflate Their Engagement.

Musk has a key conference call with analysts about Tesla’s latest quarter (Q1) results, after the company reduced 10 per cent of its workforce, or around 14,000 employees — globally. The layoffs at Tesla “gutted some departments by 20 per cent and even hit high performers,” and the decision was apparently made "due to poor financial performance.” Elon Musk Bringing Vine Back: Tech Billionaire To Soon Bring Back Popular ‘Six-Second Looping’ Video Sharing Capability of ‘Vine’ on His X Platform.

Two high-profile Tesla executives -- Rohan Patel, VP of Public Policy and Business Development and Drew Baglino, Tesla’s SVP of Powertrain and Energy -- have also quit. Tesla has just shelved plans to develop a low-cost EV for around $25,000.

(The above story first appeared on LatestLY on Apr 20, 2024 10:39 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).