June 23, 2024

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Musk Considers Indonesia Trip to Explore Possible Investments

Musk Considers Indonesia Trip to Explore Possible Investments

(Bloomberg) — Elon Musk, the world’s richest individual, is contemplating a go to to Indonesia to explore investment decision possibilities in the source-wealthy Southeast Asia region.

The chief government officer of Tesla Inc. and SpaceX achieved with Indonesian President Joko Widodo at the rocket manufacturer’s website in Boca Chica, Texas, on Saturday, during which Widodo prolonged an invite. “Hopefully in November, thank you for the invitation,” Musk said, according to a assertion unveiled by Widodo’s workplace.

Indonesia, property to some of the world’s premier deposits of copper, nickel and tin, touts its abundance of purely natural assets to entice billions of dollars of international investors’ funds. 

The governing administration has held talks on likely partnerships with Musk’s teams more than the previous quite a few a long time, together with on the improvement of electric powered autos with Tesla and on the risk of a SpaceX rocket launch website in the state, but no agreements have been reached.

Musk is at this time in a $44 billion takeover bid for Twitter Inc., though that transaction has turn into clouded in uncertainty as he mentioned on Friday his provide was “temporarily on hold” and then maintained he is “still committed” to the deal.

©2022 Bloomberg L.P.