Tesla Unlikely to Pursue Indonesia Plant Soon, Panjaitan Says

Tesla Unlikely to Pursue Indonesia Plant Soon, Panjaitan Says

Following a meeting between coordinating minister Luhut Panjaitan and Elon Musk last month, Indonesia doesn’t anticipate Tesla Inc. making an investment in the nation anytime soon.

Panjaitan, the coordinating minister for maritime affairs and investment, recalled his meeting with Musk in August.

When they discussed Tesla for more than two hours: “I said alright, we are doing okay, if you cannot invest in Indonesia for a moment, no problem.”

Following a meeting between coordinating minister Luhut Tesla Unlikely to Pursue Indonesia Plant Panjaitan and Elon Musk last month, Indonesia doesn’t anticipate Tesla Inc. making an investment in the nation anytime soon.

Panjaitan, the coordinating minister for maritime affairs and investment, recalled his meeting with Musk in August.

Tesla Unlikely to Pursue Indonesia Plant

When they discussed Tesla for more than two hours: “I said, Alright, we are doing okay. If you cannot invest in Indonesia for a moment, no problem.”

Speaking on Wednesday at the CEO Forum in Jakarta. Panjaitan claimed that Musk was worried about the state of the world economy and the glut of electric vehicles.

In a concerted effort to increase sales, Tesla introduced its updated Model 3 last week. Along with yet another round of price reductions. The starting price of the Model X in the US has decreased by $41,000 from the beginning of the year to $79,990.

Tesla Unlikely to Pursue Indonesia Plant Soon, Panjaitan Says

Earlier this year, said that Tesla was nearing a preliminary Tesla Unlikely to Pursue Indonesia Plant agreement to build a manufacturing facility in Indonesia.

The goal of Indonesian President Joko Widodo is to create a complete. On-shore supply chain for electric vehicles by giving potential companies access to the country’s stocks.

Of vital battery metals and its more than 270 million users. As global EV and battery companies prepare to invest billions of dollars, from Contemporary Amperex Technology Co. Ltd.’s

$6 billion mining-to-batteries complex to Hyundai Motor Co.’s new EV plant, that plan is beginning to take shape.

According to Panjaitan, Musk will travel to Indonesia in October.

Discussions with the government over Starlink, his satellite broadband business. According to him, this might connect Indonesia’s rural districts so that residents. In the east have better access to healthcare and educational facilities.

The goal of Indonesian President Joko Widodo is to develop an end-to-end electric car supply chain on domestic soil.

Tesla Unlikely to Pursue Indonesia Plant Soon, Panjaitan Says

By providing potential investors with access to the Tesla Unlikely to Pursue Indonesia Plant country’s stocks of vital battery metals and its more than 270 million users.

Tesla Unlikely to Pursue Indonesia Plant

A $6 billion mining-to-batteries complex from Contemporary Amperex Technology Co. Ltd. and a new EV facility from Hyundai Motor Co. are just two examples of the billion-dollar investments that global EV and battery companies are planning.

In order to conduct negotiations with his satellite internet provider. Starlink, Musk will travel to Indonesia in October, according to Panjaitan.

That might make it easier for Indonesia’s rural areas, particularly those in the east. To be connected for greater access to healthcare and educational facilities, he said.

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