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Reading: France is positive about securing significant investment from the Musk-led EV giant
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EV-a2z > News > France is positive about securing significant investment from the Musk-led EV giant
News

France is positive about securing significant investment from the Musk-led EV giant

EV-a2zm
Last updated: 2023/07/11 at 11:31 AM
EV-a2zm Published July 10, 2023 3 Min Read
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Tesla CEO Elon Musk recently visited France to meet President Emmanuel Macron at the Elysee Palace on May 15 to discuss matters involving “Green Industrialisation.”

Subsequent Twitter posts from the French President revealed that the discussion focused on the country’s potential for Tesla’s investment.

With @ElonMusk, we talked about the attractiveness of France and the significant progress in the electric vehicle and energy sectors. We also talked about digital regulation. We have so much to do together. See you this afternoon at the #ChooseFrance Summit! pic.twitter.com/wkdwjv45OG

— Emmanuel Macron (@EmmanuelMacron) May 15, 2023

Intriguingly, French Finance Minister Bruno Le Maire reportedly expressed his positive outlook on Sunday regarding Tesla’s possible EV-related investment in the country, saying that he was “very hopeful” that CEO Musk will eventually choose France.

France continues to court Tesla 

Minister Bruno Le Maire asserted in an interview with LCI television that “several options are on the table” when he was asked about the possibility of battery cell or other component-related investment from the American EV giant.

“He (Musk) knows that he would be welcome in France. It’s up to him to take the decision.” 

Bruno Le Maire, French Finance Minister 

It is worth noting that CEO Musk stated that the company would invest in France “at some point” following the recent meeting with President Macron. 

ELON MUSK IN FRANCE: TESLA WILL MAKE SIGNIFICANT INVESTMENTS IN FRANCE AT SOME POINT

— First Squawk (@FirstSquawk) May 15, 2023

Tesla’s potential investment in France would not be surprising, considering it retains a substantial market share there. Therefore, a new production plant will undoubtedly aid the company in maintaining its dominance in France.

France reported 8,516 @Tesla sales in June. 🇫🇷

• Second best month ever with +112% vs. last month. Best June ever.
• Best quarter ever and +12% quarter-over-quarter
• +132% year-to-date vs. same period last year
• Year-to-date is 93% of last year's total@TeslaClubFrance… pic.twitter.com/TzH8RVvefn

— Roland Pircher (@piloly) July 3, 2023

However, Tesla has yet to confirm if the highly anticipated investment will actually involve electric vehicle production.

See Also:

  • Elon Musk met with President Yoon Suk Yeol to discuss the possibility of a Tesla Gigafactory in South Korea
  • Billionaire Elon Musk speculated to launch a new AI startup to compete with Open AI
  • CEO Elon Musk follows Indian PM Modi, automotive space reacts
  • Tesla CEO Elon Musk to visit China to meet with premier, per report
  • Tesla’s Elon Musk to attend World Government Summit 2023 in Dubai

Tesla is indeed being more careful in choosing its next Gigafactory as it aims to achieve its global production targets and compete with both legacy and startup automakers in the industry.

The EV giant’s next move is really exciting, especially with such hints from government authorities. Hopefully, Minister Bruno Le Maire’s positive disposition will not disappoint him in the future.

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TAGGED: Electric Vehicle, Elon Musk, EV, France, Tesla
EV-a2zm July 11, 2023 July 11, 2023
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