Meet Rohan Patel, man at core of Tesla’s India plans who exited agency days earlier than Elon cancelled Delhi journey

“Sadly, very heavy Tesla obligations require that the go to to India be delayed, however I do very a lot sit up for visiting later this yr,” Elon Musk wrote on X. Surprisingly solely final week, Elon Musk confirmed his assembly with PM Modi in India. Musk’s excessive profile go to was anticipated to be a win-win for each India and Tesla. He was anticipated to announce an funding of 2-3 billion {dollars}, to construct a manufacturing unit in India, in step with PM Modi’s Made in India plans.

Now, the go to stands postponed ‘till later this yr’ and so does his choice to increase his formidable Starlink undertaking in India. Musk can be awaiting Indian authorities regulatory approvals to start providing his Starlink satellite tv for pc broadband companies on the planet’s most populous nation.

Rohan Patel: Man core to Tesla’s India entry plans exited firm

“My immigrant mother and father labored their asses off and consequently I’m the luckiest dude. Fortunate to have been part of @BarackObama’s marketing campaign/administration, and actually honored to have labored at @Tesla to positively altering a number of industries,” Rohan posted on X.

To which Elon replied, “Thanks for every part you’ve finished for Tesla. A lot appreciated.”

Patel had joined Tesla in 2016 after working as a senior advisor to former President Barack Obama on local weather and vitality points, amongst different coverage issues.

Has Elon Musk put aside reasonably priced EV plans?

A 2023 Reuters Report stated that Rohan Patel was in New Delhi to satisfy officers from the Make investments India company to debate Tesla plan. Company additionally reported that Tesla representatives have been anticipated to satisfy commerce minister Piyush Goyal, with discussions anticipated to centre on establishing an EV provide chain and land allotment for a manufacturing unit.

Reuters not too long ago reported that Tesla has put aside plans to make a extra reasonably priced new EV at Musk’s course. The stark reversal reportedly comes as Tesla faces fierce competitors globally from Chinese language electric-vehicle makers flooding the market with automobiles priced as little as $10,000. To which Musk posted that “Reuters is mendacity” after the report, with out citing any inaccuracies. He has not spoken additional concerning the mannequin, leaving traders clamouring for readability.

Tesla loses all positive factors revamped previous one yr?

Tesla’s books are within the crimson presently with its share tumbling under $150/share and giving up all positive factors revamped the previous yr. This comes after Reuters report on firm’s plan to halt reasonably priced EV plans. The electrical car maker is reeling below falling gross sales and steep reductions meant to lure extra patrons.

In line with studies it has been a foul yr for workers. Tesla has introduced reducing 10% of its employees globally, about 14,000 jobs. It could additionally attempt to re-instate Musk’s $56 billion pay bundle that was rejected by a Delaware decide.