Elon Musk and Tesla getting courted by Europe for investment
Spain reports Tesla will build a new plant there
Secretary of Transportation Pete Buttigieg said Tuesday there are concerns about how drivers interact with Tesla's Autopilot feature, which he emphasized does not act as a replacement for paying attention behind the wheel.
With capital cities across Europe competing for investment, Tesla CEO Elon Musk is in Paris on Friday to meet with French President Emmanuel Macron for the second time in recent weeks.
TESLA VALUATION ADDS $240B OVER 13-DAY WINNING STREAK
Musk met with Italian Prime Minister Giorgia Meloni on Thursday, with the world leader later tweeting that the visit with Musk had been a "fruitful meeting" discussing "innovation and opportunities."
Meanwhile, Macron said he would "tout the attractiveness of France and Europe" as a target for the EV maker’s next investment.
Musk will also attend France's biggest technology trade fair, VivaTech, and take part in an hour-long conversation with the event's founder, Maurice Levy.
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Earlier this week, France’s technology minister Jean-Noel Barrot told CNBC that "a lot of effort and energy" had been expended to secure a Tesla factory for France, while reports out of Spain say Tesla will build a factory there.
Tesla opened its first manufacturing plant in Germany last year.
German Chancellor Olaf Scholz, left, talks to Elon Musk, Tesla CEO, at the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, Tuesday, March 22, 2022. The first European factory in Gruenheide, designed for 500,000 vehicles per ye … ((Patrick Pleul/Pool via AP) / AP Newsroom)
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Over the last two weeks, Tesla shareholders have watched the stock price notch 13 consecutive winning sessions on Wall Street while raising the company's valuation by $240 billion.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 313.06 | +1.88 | +0.60% |
Shares for the EV maker have now more than doubled in 2023, moving up roughly 112% since Jan 1.
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