Posted 9/18/2023, 5:25:00 PM

Tesla Explores Opening Factory in Saudi Arabia, Seeks Mineral Supplies from Congo

Tesla is in early talks with Saudi Arabia to potentially open a factory there, according to sources cited by the Wall Street Journal.
Turkish President Erdogan has also asked Tesla CEO Elon Musk to build a factory in Turkey.
Musk met with Israeli Prime Minister Netanyahu in California on the same day.
Saudi Arabia is offering to help Tesla secure metal and mineral supplies from Congo that would be needed for EV production.
Saudi Arabia's sovereign wealth fund is a major investor in electric vehicle startup Lucid Motors, which aims to compete with Tesla.

reuters.com

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