Tesla – Electric Vehicles

Tesla is planning to build another factory overseas, There is a demand across the globe by several nations wanting the plant to built.

Tayyip Erdogan, the president of Turkey, would like the next Tesla factory to be built in his country. Erdogan asked the Tesla CEO to put the eighth factory for its electric vehicles in Turkey.

Musk mentioned India as a possible place to make a low-cost electric vehicle. Tesla is currently building a factory in Mexico.

Saudi Arabia is also vying for the new plant. Attracting Tesla would be part of a push by Saudi Arabia to secure metals needed for EVs in Africa as the country tries to diversify its economy away from oil, reports Barron’s.

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