Tesla CEO Elon Musk has continued his current run of conferences with world leaders, this time with India Prime Minister Narendra Modi in New York. The pair mentioned the potential for Tesla constructing a producing base in India.
“He actually cares about India as a result of he’s pushing us to make important investments in India, which is one thing that we intend to do,” Musk instructed reporters after the assembly.
“We’re simply attempting to determine the fitting timing.
“It was a improbable assembly with the Prime Minister and I like him quite a bit. He visited our Fremont manufacturing unit a number of years in the past so we’ve recognized one another for some time.
“He actually needs to do the fitting factor for India. He needs to be open he needs to be supportive of latest firms however on the identical time make certain it accrues to India’s benefit, which is, , that’s the job.
“I’m a fan of Modi.” stated Musk
Elon Musk: “I’m Extremely enthusiastic about the way forward for India; He (Modi) actually cares about India as a result of he’s pushing us to make important investments in India, which is one thing we intend to do; It was a improbable assembly.” @elonmusk pic.twitter.com/WLd68GQs0z
— Sawyer Merritt (@SawyerMerritt) June 21, 2023
A reporter requested Musk what he personally appears at when deciding whether or not to spend money on India.
“Nicely I believe there’s large quantity of potential for all three pillars of the sustainable power future.” Musk replied referring to power era, storage and electrical automobiles.
“India is nice for photo voltaic and the quantity of land space you truly must generate sufficient electrical energy to energy India could be very small. I imagine it’d be most likely one or two per cent of the land space of India.
“So it’s very doable after which that you must pair that with stationary battery packs as a result of the solar isn’t shining at night time. And then you definitely want electrical automobiles after which you have got a sustainable power future.”
“And I believe the attention-grabbing factor individuals will discover is that it is a decrease value option to go as nicely. Which will shock individuals”
Tesla manufacturing unit in India is a case of when not if.
“I’m assured that Tesla can be in India and can achieve this as quickly as humanly attainable,” Musk instructed reporters after being requested about Tesla’s plan to spend money on India.
“We don’t need to bounce the gun on an announcement however I suppose it’s fairly seemingly that there will be a important funding and relationship with India”
BREAKING: Elon Musk confirmed @Tesla is trying to spend money on India & says he’s visiting subsequent 12 months.
“We don’t need to bounce the gun on an announcement, nevertheless it’s fairly seemingly that there can be a big funding and relationship sooner or later.” pic.twitter.com/09RMDaZlRZ
— Sawyer Merritt (@SawyerMerritt) June 20, 2023
“I want to thank the prime minister for his assist and hopefully we’ll have the ability to announce one thing within the not too distant future,” he added.
World leaders courting Musk for future factories
Musk’s assembly with Modi comes after a string of conferences with different world leaders in current weeks together with the Italian Prime Minister Giorgia Meloni and French President Emmanuel Macron, his second assembly with Macron in 5 weeks.
“I’m going with an agenda,” Macron instructed reporters earlier than his assembly with Musk on Friday.
“We’re going to speak about synthetic intelligence, by which he’s concerned, social media, regulation framework… After which I’ll additionally discuss to him about vehicles, batteries, to advertise French and European attractiveness.”
France’s Digital Minister Jean-Noel Barrot was much more express about France’s want for a Tesla gigafactory.
“It is going to be nice to have a Tesla manufacturing unit in France, there was a variety of effort and power to verify that is attainable and this will occur,” Barrot instructed CNBC.
“We’ve additionally invested in a whole sector of electrical batteries so we are going to attempt to persuade him that France is the very best place in Europe to ascertain the subsequent Tesla manufacturing unit.”
Musk additionally met with South Korean President Yoon Suk Yeol in April who pitched his nation as a great place for Tesla to construct a gigafactory, citing the nation’s cutting-edge industrial robots and high-skilled employees, native information studies stated.
“Ought to Tesla resolve to take a position, we are going to present lively assist by way of location, workforce and taxes,” stated President Yoon on the time.
It’s good to be wished and Tesla appears to have many choices on the desk. Musk has stated that Tesla will announce the situation of a brand new manufacturing unit by the top of the 12 months however there’ll seemingly be a couple of introduced over the subsequent 12 months.
Daniel Bleakley is a clear expertise researcher and advocate with a background in engineering and enterprise. He has a robust curiosity in electrical automobiles, renewable power, manufacturing and public coverage.