Skip to main content

Elon Musk Considers Significant Tesla Investments in France; Says 'Impressed' With President Macron

Billionaire businessman Elon Musk on Monday said he was considering "significant investments in France" as he visited the country for a summit aimed at attracting foreign business leaders.

The world's second richest man, who is the chief executive of electric car firm Tesla, social media company Twitter and cosmic exploration outfit SpaceX, made the comments after meeting President Emmanuel Macron and Economy Minister Bruno Le Maire.

"I'm very impressed with President Macron and the French government and how welcoming they are to industry," the 51-year-old South African said.

"I'm confident that in the future Tesla will be making significant investments in France."

Le Maire said France would "continue discussions" with the businessman, but refused to share any further details.

Macron and Musk earlier met at the Elysee Palace before heading to Versailles for the latest edition of the president's Choose France conference where Macron seeks to drum up investment in the country.

"We talked about the attractiveness of France and the significant progress in the electric vehicle and energy sectors," Macron wrote on Twitter afterwards.

"We have so much to do together," he added.

Musk smiled and waved at reporters as the meeting got under way but made no comment.

Finance Minister Bruno Le Maire told the BFMTV broadcaster that "negotiations are ongoing" with the magnate.

Le Maire gave no details of Monday's talks with Musk, saying simply that "all of today's investments are the fruit of months or even years of negotiations".

Choose France

Macron said in another tweet that some 13 billion euros of investment would be announced at the summit, equating to the creation of some 8,000 jobs.

"When a foreign investor chooses France, it's good for jobs and for our regions," he said.

Some 200 foreign business bosses are expected at the summit, including Sunil Bharti Mittal of Indian conglomerate Bharti Entreprises, ArcelorMittal chief Lakhsmi Mittal and Nokia chief executive Pekka Lundmark.

The meeting is being hosted at the Palace of Versailles, the former residence of France's monarchs, around which a tight security perimeter has been erected.

Macron remains the target of angry protests after signing into law his controversial pension reform last month, leading to new accusations from the opposition he was only a president for the rich.

Already confirmed last week was the investment of over five billion euros by Taiwanese battery maker ProLogium in building a new factory in northern France for its first European plant.

Among other projects, the Swedish furniture giant Ikea is announcing over 900 million euros of investment in France by 2026, including the creation of a logistics centre near Toulouse.

In pharmaceuticals, Pfizer is injecting an additional 500 million euros and Britain's GSK nearly 400 million in France

During a US trip in December, Macron held an unannounced face-to-face meeting with Musk, saying later the two had had a "clear and honest" discussion during an hour-long meeting, including on electric cars and batteries.

He had also conveyed to Musk his — and Europe's — concerns about content moderation on Twitter since Musk bought the influential platform.

Macron confirmed the pair "also talked about digital regulation" in their Paris meeting.


Google I/O 2023 saw Google tell us repeatedly that it cares about AI, alongside the launch of its first foldable phone and Pixel-branded tablet. This year, the company is going to supercharge its apps, services, and Android operating system with AI technology. We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


from Gadgets 360 https://ift.tt/vZDNi14

Comments

Popular posts from this blog

Redmi K60 Cooling Case Said to Reduce Maximum Temperature by 4 Degrees Celsius

Redmi K60 series was launched in China on Tuesday. This flagship lineup includes the Qualcomm Snapdragon 8 series-powered Redmi K60 and Redmi K60 Pro, and the Redmi K60E featuring a MediaTek Dimensity 8200 SoC. They are equipped with a 17-layer heat liquid cooling VC dissipation system that is said to offer up to 15 percent improved thermal conductivity than the previous generation. Xiaomi has also released a cooling case for the Redmi K60 series which is supposedly capable of further reducing the maximum temperature by up to 4 degrees Celsius. According to a post by a digital blogger on Weibo, the Redmi K60 Series Ice Cooling Case can reduce the handset's maximum temperature by up to 4 degrees Celsius. This case is available to purchase for CNY 79 (roughly Rs. 1,000). Xiaomi says that this cooling case is equipped with a phase-changing material that purportedly switches between solid and liquid states depending on the smartphone's temperature to dissipate heat efficiently....

What Deepika Padukone And Ranveer Singh Gave Away As Wedding Favours

via NDTV News - Special https://ift.tt/2r30F7I