NEW DELHI ¨C China¡¯s loss in India could be Elon Musk¡¯s gain.
Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China¡¯s BYD, has been stopped cold by increased scrutiny from New Delhi.
The result could be an opening for Tesla to negotiate terms for an entry to the world¡¯s third-largest auto market without the competitive threat from BYD that it faces in other emerging markets, like Thailand.
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