'Elon Musk Is Going To Be Biggest Loser', Entrepreneur On Tesla CEO Choosing China Over India

India was ready to host Tesla CEO Elon Musk last month, However, he cancelled at the last minute citing other investor meetings. A week later, Musk made a surprise visit to China to sign a major deal with tech giant Baidu.

Many were taken aback when he chose China over India. India-American academic, entrepreneur and author Vivek Wadhwa took to social media and revealed that he had asked Elon Musk to consider moving his manufacturing unit to India. Had he done so, he would have ruled the market by now. Wadha even advised him to not pick China as it would ¡®rob him blind¡¯.

Also Read: Before Narayana Murthy¡¯s ¡®70-Hour¡¯ Advice, It Was Elon Musk Who Rallied For 100-hour Work Week

observer

Following Elon Musk's sudden cancellation of his planned visit to India, where he was scheduled to meet Prime Minister Narendra Modi and unveil a $3 billion investment, Wadhwa's post on X emerged. Musk subsequently made an appearance in China just days later.

Elon Is Going To Be The Biggest Loser, Says Vivek Wadhwa

¡°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,¡± said Wadhwa in the post.

Also Read- Wealth Wisdom: 5 Money Habits Of Mark Zuckerberg, Bill Gates, Elon Musk And Fellow Billionaires

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. https://t.co/yohQBhz2JN

— Vivek Wadhwa (@wadhwa) May 12, 2024

He quoted a post by Director of Centre for Russia Europe Asia Studies, Theresa Fallon, who said that US and European automakers are failing in China because they were looking only for short-term gain and transferring technology, management techniques and know-how to China. ¡°It was good while it lasted but that era is over,¡± said Fallon.

Elon Musk¡¯s China Visit

Musk met Premier Li Qiang to discuss the rollout of Tesla¡¯s Full Self-Driving (FSD) software and the data-transfer permissions.

Tesla received a significant endorsement from a prominent Chinese auto association, affirming that Tesla's Model 3 and Y vehicles adhere to data-security regulations. This development potentially opens doors for Tesla to access regions in China that were previously off-limits. Additionally, Tesla forged an agreement with Baidu, securing access to its mapping license for data gathering on Chinese public roads.

yahoo finance

Following these advancements, Elon Musk took to X to announce the imminent availability of Tesla's Full Self-Driving (FSD) technology to customers in China. Concurrently, Chinese competitors like XPeng and Huawei Technologies are also gearing up to introduce their own self-driving software solutions.