Tesla’s Musk likely to unveil $2-$3bn India investment during visit

Elon Musk, the CEO of Tesla, is set to announce a $2-$3 billion investment in India during his visit to New Delhi next week to meet Prime Minister Narendra Modi. The investment will primarily be used for building a new Tesla factory in the country, where electric vehicle (EV) adoption is still in its early stages. The move comes as Tesla faces slowing sales in major markets like the US and China, and the company has recently announced layoffs affecting 10% of its workforce. (photo/reuters)