While the electric vehicle market is picking up pace in India, the scenes a slightly different in the global market, as more and more Chinese EVs are being sold globally. This has led Elon Musk’s Tesla to cut prices across its range globally. However, competition from China is not the only threat, as Reuters reports, as sales have also seen a slump globally.
Tesla Price cuts
A few days ago, Tesla slashed prices of the Model Y, X, and S by $2,000 (Rs 1.66 lakh), effectively pricing the base models of the Y, X, and S at $42,990, $77,990, and $72,990 respectively. Following these price cuts, Tesla announced a similar trend to other global markets such as China, Germany, Europe, the Middle East, and Africa amongst others.
Reuters also reports that the US EV company has scrapped plans to develop an affordable mass-market EV in favour of building robotaxis. Musk has delayed his plans to visit India, which stands at ‘later this year’.
However, what’s more interesting is that Tesla’s core team member and the company’s vice president of public policy and business development, Rohal Patel, exited the company on April 15, according to a report by the Hindustan Times. Patel was a key figure in Tesla’s India expansion plan.
