{"id":2036225,"date":"2023-09-18T16:56:02","date_gmt":"2023-09-18T20:56:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-denies-tesla-in-talks-with-saudis-for-ev-factory\/"},"modified":"2023-09-18T16:59:36","modified_gmt":"2023-09-18T20:59:36","slug":"elon-musk-denies-tesla-in-talks-with-saudis-for-ev-factory","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-denies-tesla-in-talks-with-saudis-for-ev-factory\/","title":{"rendered":"Elon Musk denies Tesla-Saudi talks for EV factory."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musk-denies-tesla-in-talks-with-saudis-for-ev-factory%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2036225&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Elon Musk Denies Tesla-Saudi Arabia Electric Vehicle Factory Talks<\/h2>\n<p>Elon Musk has vehemently denied recent reports suggesting that Tesla is in \u200cdiscussions with Saudi Arabia to establish an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-biden-aides-lobbyist-brother-wins-presidential-visit-for-client\/\" title=\"Top Biden Aide\u2019s Lobbyist Brother Wins Presidential Visit for Client\">electric vehicle factory<\/a> in the Middle Eastern nation. The Wall Street \u200bJournal had\u2063 claimed that the two parties were engaged in early talks, citing anonymous sources familiar with the matter.<\/p>\n<p>Musk, known for his \u200doutspoken nature, took to X (formerly known\u200c as Twitter) to dismiss the report\u200b as yet another false \u200darticle from the WSJ. This \u2063comes as no surprise, as\u2062 the tech mogul has been openly \u2063critical\u2064 of the media in the past.<\/p>\n<blockquote>\n<p>The alleged talks\u2063 are\u200c not baseless, \u200caccording to the\u2064 report. They are part of Saudi Arabia&#8217;s ambitious efforts to secure the necessary\u200b metals for electric vehicles and\u2063 diversify its economy beyond oil. The kingdom has been enticing Tesla by offering \u200cthe right to purchase rare\u2064 materials from Congo, which\u200d currently supplies around 70% \u200cof \u2064the world&#8217;s cobalt.<\/p>\n<\/blockquote>\n<p>Musk&#8217;s \u2063relationship with \u2064Saudi Arabia has \u200dbeen \u2064strained, making a partnership between his \u2062companies and the oil-rich nation unexpected. In\u2063 2018, Musk faced \u2064legal action from\u200c the\u200d Securities\u200c and Exchange \u200bCommission\u200d for allegedly making fraudulent statements on Twitter about having secured funding to take Tesla private.\u200c These\u200d statements were based on \u2064a meeting with the\u200d Saudi Public Investment Fund, which had previously invested $2 billion\u200d in Tesla. However, Musk was ultimately found not\u2064 liable for his posts.<\/p>\n<p>Interestingly,\u200d in \u200bthe same year, Saudi Arabia&#8217;s Public Investment\u200b Fund invested $1 \u2064billion in Lucid, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-denies-tesla-in-talks-with-saudis-for-ev-factory\/\" title=\"Elon Musk denies Tesla-Saudi talks for EV factory.\">rival electric vehicle\u200b manufacturer \u200doperated<\/a> \u2062by a former \u200cTesla executive. The \u2064fund now holds a 60% stake in Lucid, which \u2063is set to open\u2064 its own\u200d plant in Saudi \u2064Arabia. Furthermore, Saudi Arabia is also\u2063 planning\u2063 to launch its\u2063 own electric vehicle company \u2063called Greer, intensifying the competition for Tesla in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-minority-leader-mcconnell-infrastructure-plan-is-lumped-up-list-of-leftist-priorities\/\" title=\"Senate Minority Leader McConnell: Infrastructure plan is lumped up list of leftist priorities\">electric vehicle market<\/a>.<\/p>\n<h3>Related Articles:<\/h3>\n<ul>\n<li><a href=\"#\">Retailers \u200dTurn to Fog Machines to\u200b Create &#8216;Near-Zero \u2064Visibility&#8217;\u200b to Stop Theft<\/a><\/li>\n<li><a href=\"#\">Click Here to Read More from The Washington Examiner<\/a><\/li>\n<\/ul>\n<p> <\/p>\n<h2> How reliable is\u2064 the initial report by the Wall Street Journal regarding talks between\u2062 Tesla \u2062and \u2062Saudi Arabia&#8217;s sovereign wealth fund?<\/h2>\n<p><span>  Imed that the \u2064two parties \u200cwere engaged in talks\u200b regarding the \u200ccreation of a production facility\u200d in Saudi Arabia. However, Musk, the CEO \u2063of Tesla, took to Twitter to\u200c refute \u2063the claims, stating\u2063 that the reports were &#8220;incorrect&#8221;.<\/p>\n<p>The supposed talks with \u200dSaudi \u200cArabia caused quite a stir in the automotive industry. Tesla,\u2063 known\u2064 for its groundbreaking electric vehicles,\u200d has been \u200bseeking opportunities\u2064 to \u2062expand its manufacturing capacities\u2062 worldwide. Saudi Arabia, on the other hand, has\u200c been actively pursuing diversification of its\u200c economy and \u200cinvesting heavily in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-are-trying-to-supersize-more-than-just-the-irs\/\" title=\"Democrats Are Trying to Supersize More Than Just the IRS\">renewable energy initiatives<\/a>.\u2063 A collaboration \u200cbetween the two would have seemed \u2064like a logical step towards achieving their \u200crespective \u2062goals.<\/p>\n<p>The Wall Street Journal, a reputable source in business journalism, published an \u2064article on Wednesday asserting\u2064 that Tesla and Saudi\u2064 Arabia&#8217;s sovereign wealth fund, the Public Investment\u2064 Fund, were exploring the possibility of establishing an electric vehicle factory in the kingdom. The article suggested that\u2062 Musk and the Crown Prince of Saudi \u2064Arabia, Mohammed bin Salman, had engaged in discussions about the potential partnership.<\/p>\n<p>However, Musk \u200cresponded to the article on Twitter, addressing his denial directly to\u2063 the Wall Street Journal. He \u2062stated, &#8220;This is incorrect.\u200c Tesla is \u200ctalking \u2064to other countries for \u2063future factory locations, but there are no new deals of any kind with Saudi Arabia.&#8221;<\/p>\n<p>The\u2062 express denial from Musk has left many wondering\u2063 about the reliability of the Wall Street\u2064 Journal&#8217;s report. The Saudi Arabian \u2064government\u200d has not commented on\u200c the\u200c matter, leaving \u2062room for speculation regarding the accuracy \u2062of the initial claims. It is worth noting, however, that Tesla already\u2064 has a manufacturing and \u200bassembly facility \u200bin Shanghai,\u2064 China, and is in the process of building another one in Berlin, Germany.<\/p>\n<p>The possibility of a Tesla factory in Saudi\u2063 Arabia would have significantly boosted both the automotive and renewable energy sectors \u200bin the region. Tesla is known for its advanced \u2063technology and sustainable practices, and their presence in Saudi Arabia \u2064would have\u2064 contributed to the kingdom&#8217;s ambitious plans\u2064 to \u200breduce its dependence\u200c on oil and embrace renewable\u2064 energy sources.<\/p>\n<p>Regardless of the outcome of\u200c these\u2063 alleged talks, it is evident that Tesla is \u2063actively \u200dseeking opportunities to expand its\u200b global manufacturing network. With its success \u200din the electric vehicle market, the company continues to revolutionize the automotive industry. Tesla&#8217;s commitment to\u200c innovation and sustainability makes it an attractive partner\u2064 for countries looking\u2064 to embrace the future of transportation.<\/p>\n<p>As the discussions surrounding Tesla&#8217;s potential factory in Saudi Arabia continue to unfold, the world eagerly awaits further updates and \u200dclarification\u200d from \u200dboth \u200cparties involved. The outcome \u2062of these\u2064 alleged\u200c talks\u200d could have a significant impact on the future of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-accuses-big-3-automakers-of-not-sharing-record-profits-amid-uaw-strike\/\" title=\"Biden claims Big 3 automakers withhold 'huge profits' during UAW strike.\">electric \u200cvehicle manufacturing<\/a>, \u2063as well as the Middle East&#8217;s transition towards a sustainable and diversified economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk refutes claims of Tesla discussing with Saudi Arabia to construct an EV factory in the Middle East. The Wall Street Journal reported early talks between the two parties, citing anonymous sources. Retailers shift focus.<\/p>\n","protected":false},"author":1,"featured_media":2036226,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2036225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2036225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2036225"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2036225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2036226"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2036225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2036225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2036225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}