Tuesday, October 19, 2021

Elon Musk says reports that Tesla will open plant in Russia are inaccurate

Musk said on Twitter that reports of a Russia factory were inaccurate, and said Moscow may use the site as a test of its green energy policies

Elon Musk has dismissed media reports that his company Tesla will build its new factory in Russia, saying it was inaccurate.

Musk made the claim on Twitter on Friday, saying: “Reports that Tesla is going to build a factory in Russia are inaccurate, but Moscow may use the site as a test of its green energy policies.”

Musk and the country’s wealthiest man, Alisher Usmanov, were being reported as having entered into discussions for Tesla to build the plant, the Guardian reported.

Usmanov is the largest shareholder in Russian aluminium giant Rusal, which is looking to make Russia a net energy exporter and divest from its involvement in dirty industries. Musk tweeted earlier this month that he had met Usmanov.

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Musk is also trying to meet Tesla’s target of releasing at least one new product every six months. The company has unveiled a new battery system, a pickup truck, and a semi-truck in recent months. It is also expected to make a new version of its Roadster car, which Musk co-founded, in the next three years. The company is holding its stockholders’ meeting on Friday.

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