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Indian-American Vivek Wadhwa calls Elon Musk “biggest loser” for picking China over India
After Tesla CEO Elon Musk shifted his focus to China, the Indian-American academic urged him to consider India for manufacturing.
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Vivek Wadhwa (left) said he had once emailed Elon Musk (right) advising him to move manufacturing to India. / X/@wadhwa and @elonmusk
Indian-American entrepreneur Vivek Wadhwa slammed Elon Musk on social media and called him the “biggest loser” for not considering moving Tesla’s manufacturing operations to India.
Wadhwa’s remarks came after Musk recently canceled his meeting with Prime Minister Narendra Modi in India and instead embarked on a trip to China, where he won concessions for Tesla.
Wadhwa posted the message on May.13 on X, and revealed having once asked Musk to move Tesla manufacturing to India.
"Elon is going to be the biggest loser here. A few years ago, I exchanged emails with him about the risks in China. I warned him they would rob him blind and urged him to consider moving manufacturing to India instead, where he would have dominated the market by now," wrote Wadhwa.
The Indian-American entrepreneur was responding to a post by the Director of Centre for Russia Europe Asia Studies, Theresa Fallon, who said the US and European automakers were failing in China because "they were looking only for short-term gain and transferring technology, management techniques and know-how to China”.
Last month, Musk canceled his India trip at the last minute, where he was scheduled to announce a $3 billion investment. A few days later, he appeared in China, where he met Premier Li Qiang and announced Tesla's advanced driver assistance package in China, the world's biggest auto market.
However, the SpaceX founder also said that he would now possibly visit India later this year to announce his investment plans. Musk had earlier revealed plans of investing $2 billion alone in an EV plant in India if the government could lower import taxes on vehicles from foreign carmakers that promise to invest in manufacturing locally.
Elon is going to be the biggest loser here.
— Vivek Wadhwa (@wadhwa) May 12, 2024
A few years ago, I exchanged emails with him about the risks in China. I warned him they would rob him blind and urged him to consider moving manufacturing to India instead, where he would have dominated the market by now. https://t.co/yohQBhz2JN
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