Indonesia says in early talks with Tesla on potential investment

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Indonesia's government is in early discussions with electric vehicles maker Tesla Inc about a potential investment in the Southeast Asia country, ...

JAKARTA: Indonesia's government is in early discussions with electric vehicles maker Tesla about a potential investment in the country, a major producer of nickel, an official said.

Ayodhia Kalake, a senior official at the Coordinating Ministry for Maritime and Investment, said Tesla had reached out to the government informally about a possible venture, but he did not specify what it had in mind."We need further discussion with Tesla," he said, adding that Indonesia has a number of incentives for investment in electric vehicles.Tesla did not immediately respond to a Reuters email seeking confirmation.

Tesla is looking to ramp up production of trucks and solar projects and its boss Elon Musk earlier this year urged miners to produce more nickel and offered"giant", long-term contracts if mined"efficiently and in an environmentally sensitive way".

 

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