Tesla (TSLA) officially abandons India factory after years of broken promises

Tesla has officially confirmed it will not build a manufacturing facility in India, ending nearly a decade of negotiations, false starts, and broken promises with the Indian government. India’s Minister of Heavy Industries H.D. Kumaraswamy confirmed the decision on May 19, putting a definitive end to one of the longest-running will-they-won’t-they sagas in the global EV industry.