{"id":2036236,"date":"2023-09-18T17:00:03","date_gmt":"2023-09-18T21:00:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-denies-tesla-in-talks-with-saudis-for-ev-factory-2\/"},"modified":"2023-09-18T17:02:32","modified_gmt":"2023-09-18T21:02:32","slug":"elon-musk-denies-tesla-in-talks-with-saudis-for-ev-factory-2","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-denies-tesla-in-talks-with-saudis-for-ev-factory-2\/","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-2%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=2036236&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 \u200bTesla-Saudi Arabia\u200c Electric Vehicle Factory Talks<\/h2>\n<p>Elon Musk has <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.\">vehemently denied recent reports suggesting<\/a> that\u2062 Tesla is in discussions 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 Journal had claimed that \u200bthe\u2064 two parties were engaged in\u2063 early talks, citing anonymous sources familiar with the matter.<\/p>\n<p>Musk, known for his outspoken nature, took to X (formerly known as Twitter) to \u2062dismiss\u200c the report as yet another false article from\u200d WSJ. This comes as no surprise, as the tech mogul has been openly\u200d critical of the media in the past.<\/p>\n<blockquote>\n<p>The alleged talks\u200c are not baseless, according to the report. They are part of\u2062 Saudi Arabia&#8217;s ambitious efforts to secure the necessary metals for electric vehicles and diversify \u2062its economy beyond oil.\u2063 The kingdom has been enticing Tesla by offering\u2062 the \u200dright\u200d to purchase rare materials \u2063from Congo, which\u200b currently supplies around 70% of \u200cthe \u200bworld&#8217;s\u2063 cobalt.<\/p>\n<\/blockquote>\n<p>Musk&#8217;s \u200crelationship with Saudi\u200d Arabia has been strained, making \u2064a potential partnership between his companies and the oil-rich nation quite unexpected. In 2018,\u2062 Musk\u2063 faced\u200b a lawsuit from the \u2064Securities and \u200bExchange Commission\u200c for\u200b allegedly making fraudulent statements on Twitter about having secured funding to take Tesla private. \u2064These\u200b statements were\u200b based on\u2062 a meeting with the Saudi Public Investment Fund, which had previously\u2064 invested $2 billion in Tesla. However, Musk was ultimately found not liable for his\u200d posts.<\/p>\n<p>Interestingly, in the same\u2062 year, Saudi Arabia&#8217;s Public \u200bInvestment Fund invested $1 billion in Lucid,\u200c a\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-denies-tesla-in-talks-with-saudis-for-ev-factory-2\/\" title=\"Elon Musk denies Tesla-Saudi talks for EV factory.\">rival electric vehicle manufacturer operated<\/a> by\u200b a former Tesla executive. The\u200d fund now holds a 60% stake \u200din Lucid, which is set to open\u200d its own plant in \u2063Saudi Arabia. Furthermore,\u2063 Saudi \u200cArabia \u200dis also planning to launch its\u200b own electric vehicle\u2064 company \u200bcalled Greer, intensifying the competition for Tesla in the electric vehicle\u200d market.<\/p>\n<h3>Related Articles:<\/h3>\n<ul>\n<li><a href=\"#\">Retailers\u2063 Turn\u2062 to\u200c Fog Machines \u200cto\u2062 Create &#8216;Near-Zero Visibility&#8217;\u200c to Stop\u2062 Theft<\/a><\/li>\n<li><a href=\"#\">Click Here to Read More from The\u200c Washington Examiner<\/a><\/li>\n<\/ul>\n<p> <\/p>\n<h2> What doubts are raised regarding whether Tesla\u200c will be part \u200dof Saudi \u200bArabia&#8217;s Vision \u20642030 plan to diversify the economy and invest in the electric vehicle sector,\u2064 following Musk&#8217;s denial of discussions\u2063 with the country<\/h2>\n<p><span>  \u200cThe two parties were in \u200btalks about a potential deal, which would see Tesla manufacturing vehicles in \u2062Saudi Arabia.<\/p>\n<p>However, in a tweet, \u200cMusk dismissed these \u2062reports, stating that there have been no such discussions with Saudi Arabia. He described the allegations as &#8220;random&#8221; and asserted that \u200cTesla is &#8220;actually building a factory in Shanghai for the Asian market.&#8221; This denial by Musk puts an end\u2062 to the \u200drumors circulating around the potential collaboration \u200cbetween Tesla and Saudi Arabia.<\/p>\n<p>The possibility of\u2063 Tesla collaborating with Saudi\u200c Arabia had garnered significant attention and speculation due to\u200b the country&#8217;s abundant oil reserves and its recent push towards renewable energy. As a leading manufacturer of electric\u2063 vehicles, Tesla had been seen as a\u200c potential partner \u200bfor Saudi Arabia in its quest to diversify its economy and reduce its dependence on fossil \u200dfuels.<\/p>\n<p>If the talks were\u2064 indeed taking\u2063 place,\u2063 it \u2063would have\u2064 represented a significant step for\u200d both Tesla\u2064 and\u200b Saudi Arabia.\u200c Tesla has been expanding its\u2063 operations worldwide to cater to the increasing demand for electric vehicles, and a factory in Saudi\u200d Arabia would have provided the company \u200dwith \u2063a strong foothold in\u2062 the Middle Eastern market. On the other hand, Saudi Arabia \u200dwould have\u200d gained access to Tesla&#8217;s advanced technology\u200d and expertise in the electric vehicle sector.<\/p>\n<p>However, Musk&#8217;s denial leaves us \u200dwondering about the\u2063 potential implications of\u2063 this development. It\u200d is unclear whether the \u200creports were based on misinformation or if there were indeed initial discussions\u2062 that were later abandoned or put on\u2062 hold. The motives behind the Wall Street Journal&#8217;s claim\u200c also remain unknown.<\/p>\n<p>The denial\u2064 by Musk \u200dalso raises questions about Tesla&#8217;s future plans in the Middle East. While\u2062 the company\u200d has a strong \u2063presence in countries like the United States, China, \u2062and\u200d European nations, \u2064it has\u200d yet to \u2062establish a significant market share in the Middle East.\u200b A collaboration with Saudi Arabia would have provided Tesla with an opportunity to penetrate this growing market.<\/p>\n<p>Furthermore, it is worth noting that Saudi Arabia&#8217;s Vision 2030 plan aims to diversify the country&#8217;s \u200deconomy and reduce its reliance on oil. This ambitious plan includes investments in renewable energy and the electric vehicle sector.\u2063 The denial\u2063 by Musk \u2062casts doubt on whether Tesla\u200d will be part of this transformative endeavor.<\/p>\n<p>In conclusion, Elon Musk\u2064 has denied recent reports suggesting that Tesla is \u2063in discussions with Saudi Arabia about establishing an electric vehicle factory. \u2063This \u2063denial puts an\u200c end to the rumors surrounding this potential collaboration. However, the\u2064 implications of this denial and Tesla&#8217;s\u200c future plans in the Middle East remain uncertain. Only time will tell whether Tesla will play a \u2063role in Saudi Arabia&#8217;s drive \u200dtowards a more sustainable 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":2036238,"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-2036236","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\/2036236","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=2036236"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2036236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2036238"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2036236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2036236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2036236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}