Tesla sees India's 100% import tariffs on cars making customers anxious, and the carmaker is still assessing when to enter the "very hot" market even as those concerns linger, its chief financial officer said on Tuesday.

Tesla is cautiously navigating an entry into India, CFO Vaibhav Taneja said in an earnings call, as the EV maker faces falling sales and tariff threats.

Calling the Indian market a “very hard market” for Tesla, the company’s CFO Vaibhav Taneja said that India’s current tariff structure is a roadblock for its India entry.