Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Tesla’s Musk Sees South Korea as a Top Investment Candidate (2)

Nov. 23, 2022, 9:37 AM

Tesla Inc. Chief Executive Officer Elon Musk said he considers South Korea as a top candidate for investment, according to the office of President Yoon Suk Yeol.

The billionaire’s remarks came out of a virtual meeting Musk had with Yoon, according to Yoon’s office. Musk said he would make any investment decision after a comprehensive review of investment conditions, including around manpower and technology.

Yoon Suk Yeol, left, in a virtual meeting with Elon Musk on Nov. 23.
Source: Office of The President, Republic of Korea

Yoon also listened to Musk’s plan to construct another gigafactory in Asia to make electric cars. Tesla’s main factory in Asia is in Shanghai in China -- a facility that recently doubled production capacity ...