Elon Musk It was denied on Monday that electric vehicle manufacturer Tesla was in talks with Saudi Arabia According to information published by The Wall Street Journal (WSJ), for the establishment of an automobile assembly plant in the Arab country.
In a message on the social network
The news states that Saudi Arabia made an offer to Tesla in exchange for establishing a facility in the country to facilitate the purchase of metals and minerals required for battery production from countries such as the Democratic Republic of Congo, which has important cobalt and minerals. copper reserves.
The WSJ noted that, according to sources consulted: Dialogue between Tesla and Saudi Arabia is still in its early stages and may end without any agreement.
Musk, Tesla’s CEO, has maintained a fluid relationship with Saudi leaders for years.
In 2018, he claimed on Twitter that the then-Saudi sovereign fund, the Public Investment Fund of Saudi Arabia (PIF). interested in purchasing shares Buy Tesla and then take the company private.
Musk’s statement, which was later proven to be false, got the businessman in trouble, who was fined by the United States Securities and Exchange Commission (SEC). Lawsuits filed by company shareholders.
Saudi Arabia also owns a significant part of the social network X, which Musk purchased in October 2022.
The WSJ article appeared shortly after Turkish President Recep Tayyip Erdogan asked Musk to establish a Tesla assembly plant in his country.
Musk has expressed interest in increasing the number of Tesla assembly plants around the world to realize his production plan. 20 million vehicles per year by 2030.
One possible location for a new Tesla assembly plant is the Spanish town of Valencia. According to US media published in January, the leak of Tesla’s possible arrival in Spain provoked Musk’s anger.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.