President Joko Widodo meets Elon Musk amid speculation that Tesla may choose Indonesia for manufacturing base

Edited By: Vyomica Berry
Austin, United States Updated: May 15, 2022, 01:40 PM(IST)

Indonesian President Joko Widodo talks with Founder and CEO of Tesla Motors Elon Musk during their meeting at the SpaceX launch site in Boca Chica, Texas Photograph:( Reuters )

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Widodo and Musk discussed potential investments and technology amid speculation that Tesla may choose Indonesia for a manufacturing base in Asia

Indonesia's government said in a statement that President Joko Widodo met Tesla Inc Chief Executive Elon Musk in Texas on Saturday.

Widodo and Musk discussed potential investments and technology amid speculation that Tesla may choose Indonesia for a manufacturing base in Asia.

Indonesian officials told Reuters that Musk held a round of working-level discussions on a potential investment in Indonesia's nickel industry and supply of batteries for electric vehicles.

Two people familiar with the talks told Bloomberg that representatives from Tesla were in Indonesia last week for meetings regarding a potential battery-related investment.

Highlighting Indonesia's potential, Musk had said ''there could be room for partnerships in many things.''

Previously, Musk was in talks with India to set up a manufacturing base in the country but Minister of Road, Transport, and Highways Nitin Gadkari told him that Tesla needs to do entire car production in India instead of getting parts manufactured in China.

But experts believed that Musk might want to sever his ties with China, which is Tesla's largest market, until India lifts duties.

Adar Poonawalla, the chief executive officer of the Serum Institute of India, said if Musk puts capital into making cars in India, it will be his ''best investment.''

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Indonesia, which has the world’s biggest nickel reserves and is keen to develop a nickel-based EV industry at home, has been trying to secure a deal with Tesla for years on battery investment and potentially for Musk's SpaceX aerospace company.

(With inputs from agencies)

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