Elon Musk row: PM would welcome Tesla investment

Published On Sep 27, 2024, 3:08 PM

UK Prime Minister Sir Keir Starmer has expressed a welcoming attitude towards potential investments from Tesla after a recent controversy involving Elon Musk's social media comments. Starmer emphasized the importance of attracting investment to the UK economy during his visit to New York, where he also indicated that the upcoming International Investment Summit represents a significant opportunity for securing substantial funding. Musk, who previously had a role in promoting artificial intelligence initiatives in the UK, had been critical of the UK government on social media, which led to him not being invited to the recent summit. The shadow chancellor also noted the missed opportunity of Musk's potential investment in a new car plant in Europe, with the UK being a candidate location.

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Tesla's ongoing interest in expanding its operations, particularly in Europe, may be positively influenced by the UK government's encouragement and potential incentives for investment. The renewed attention from UK leadership may lead to Tesla considering the UK for future projects, which could enhance its market position and share growth in the region.

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