Tesla
is planning to build another factory somewhere, someplace—and that’s put the company in demand across the globe.
Tayyip Erdogan, the president of Turkey, had a special request for billionaire Elon Musk—he’d like the next Tesla factory to be built in his country.
In a meeting with Musk near the United Nations in New York, Erdogan asked the Tesla CEO to put the eighth factory for its (ticker: TSLA) electric vehicles in Turkey, according to state media company Anadolu Agency.
Musk said in May that Tesla would probably choose the site for its next factory sometime this year. In August, he mentioned India as a possible place to make a low-cost electric vehicle. Tesla is currently building a factory in Mexico.
Erdogan isn’t the only one vying for a new Tesla facility. Saudi Arabia is also in talks about setting up manufacturing there, The Wall Street Journal reported, citing unidentified people familiar with the discussions.
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.
Tesla shares fell 0.9% in early trading. They have more than doubled this year.
Write to Brian Swint at [email protected]
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