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Turkish President Discusses Potential Tesla Factory with Elon Musk

by Richie
09/18/2023
in Global Trade, International Relations

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Turkish President Recep Tayyip Erdogan has proposed the establishment of a Tesla factory in Turkey during a meeting with Tesla CEO Elon Musk. This discussion took place at Turkish House in New York, as reported by Turkey’s state-owned Anadolu Agency. The meeting coincided with Erdogan’s visit to the United States for the 78th session of the United Nations General Assembly.

Details of the meeting, including any response from Musk or plans regarding the factory, were not immediately available. Tesla, as well as the Turkish embassy in Washington, D.C., have not provided comments on this matter as of now.

In other developments, Elon Musk, who is also the owner of the social media platform X (formerly known as Twitter), is scheduled to meet with Israeli Prime Minister Benjamin Netanyahu in California. Their discussion is expected to focus on artificial intelligence technology.

Tesla has shown interest in expanding its global manufacturing footprint, with current operations in six factories and plans for a new facility in Nuevo Leon, Mexico. Musk has indicated that Tesla is likely to choose a location for another new factory by the end of the year.

Tesla’s stock has seen significant growth this year, with a 123 percent increase, and the company recently announced the production of its five-millionth car. In addition to his role at Tesla, Musk acquired the social media platform X in 2022 for $44 billion. While advocating for free speech, Musk has complied with some of the Turkish government’s content censorship requests on the platform, though there have been instances where the company has resisted orders from Turkish courts.

Your go-to for supply chain report news updates: The Supply Chain Report. For international trade tools, see ADAMftd.com.

#TeslaFactoryInTurkey #ErdoganMuskMeeting #TeslaExpansion #XPlatform #ElonMusk #TurkeyAndTesla #UNGA78 #MuskNetanyahuMeeting #ArtificialIntelligence #GlobalManufacturing #TeslaStockGrowth #MuskAcquiresX #FreeSpeechTech

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