Elon Musk denies Wall Street Journal’s Tesla report as ‘completely untrue’.
Tesla CEO Elon Musk Denies Reports of Saudi Arabia Factory
Tesla CEO Elon Musk has responded to a report claiming that his electric vehicle firm would be building a large factory in Saudi Arabia. The Wall Street Journal, citing anonymous sources, had reported that Tesla and the Saudi kingdom were in discussions to build the factory. However, Musk took to X to deny the report, calling it “yet another utterly false article from WSJ.”
Saudi Arabia’s Mining Stakes and Tesla’s Expansion Plans
The report also mentioned that Saudi Arabia is working to secure $15 billion in mining stakes from several African nations. This aligns with Tesla’s need for metals and minerals for its electric vehicles. Meanwhile, Musk has previously stated that Tesla aims to sell 20 million vehicles a year by 2030, up from about 1.3 million in 2022. The company currently has six factories and is building a seventh in Mexico.
Turkish President Erdogan’s Meeting with Musk
In other news, Turkish President Recep Tayyip Erdogan and Musk recently met in New York City to discuss the possibility of a Tesla factory in Turkey. Erdogan called on Tesla to establish its seventh factory in Turkey, highlighting the success of the Turkish electric car Togg. Images of their meeting were shared on X by Turkish government officials.
Controversy Surrounding Saudi Arabia’s Actions
The Wall Street Journal’s report comes in the wake of a Saudi Arabia court sentencing a retired teacher to death over critical posts made on X, which is owned by Musk. Amnesty International has criticized the Saudi government for this incident, urging them to drop the conviction and death penalty.
Reuters contributed to this report.
What was discussed during the meeting between Turkish President Recep Tayyip Erdogan and Elon Musk regarding a potential Tesla factory in Turkey
Tesla CEO Elon Musk has denied reports claiming that the company will be constructing a large factory in Saudi Arabia. The Wall Street Journal had previously reported, citing anonymous sources, that discussions were ongoing between Tesla and the Saudi kingdom regarding the establishment of the factory. Discrediting the report, Musk denounced it as ”yet another utterly false article from WSJ”.
In addition to the denial, the report had also mentioned Saudi Arabia’s efforts to secure $15 billion in mining stakes from various African nations. This aligns with Tesla’s requirements for metals and minerals for its electric vehicles. Elon Musk has previously stated that by 2030, Tesla aims to sell 20 million vehicles per year, which is a significant increase compared to the current 1.3 million in 2022. With six existing factories and a seventh being built in Mexico, Tesla’s expansion plans are clearly ambitious.
Another interesting development in the Tesla story is Turkish President Recep Tayyip Erdogan’s recent meeting with Elon Musk in New York City. The meeting primarily focused on exploring the possibility of establishing a Tesla factory in Turkey. President Erdogan emphasized the success of the Turkish electric car Togg and urged Tesla to consider Turkey for its seventh factory. Images of the meeting were shared on X by Turkish government officials.
The Wall Street Journal’s report on the Saudi Arabia factory rumor comes at a time when controversy surrounds the actions of Saudi Arabia. Recently, a Saudi Arabian court sentenced a retired teacher to death over critical posts made on X, a social media platform owned by Elon Musk. Amnesty International has condemned the Saudi government for this incident and has called for the charges and the death penalty to be dropped.
It is important to note that Reuters contributed to this report, providing valuable insights and information.
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