Tesla and Spain: a contract that may never come to fruition?
This page is translated from the original post "Tesla et l’Espagne, un contrat qui ne verra jamais le jour ? " in French.
- 29/06/2023 16:35
This has been an ongoing saga for several weeks. Numerous Spanish media outlets have provided some details about a GigaFactory project Tesla in Spain… which has apparently already been canceled.
Three weeks ago, the Spanish media outlet Cinco Dias announced that Tesla might establish itself in the Valencia region. However, in recent days, a rumor has been growing in the Spanish press. Tesla has reportedly ended negotiations, at least according to the Spanish media Economia Digital. Tesla’s investment to set up in the Valencia region was expected to be €4.5 billion, a sum that the region will no longer see.
The President of the “Valencian Community,” Ximo Puig, reportedly told sources from the Spanish newspaper that “the Tesla issue was leaked internally, which greatly annoyed the manufacturer.” This might explain why Tesla could decide not to establish itself in Spain.
A favorable situation for France
Elon Musk, the CEO of the American company, is very close to President Emmanuel Macron. Just last week, the two men met for the third time in a few months. The main goal for the President is to bring Tesla to France. A battle that the President hopes to win against Spain. Notably, the only European country with a Gigabattery plant is our Belgian friends, with a total investment of €6 billion.
According to the newspaper, Portugal has proposed its candidacy for a battery factory. This enthusiasm from the American firm suggests that this saga might continue further.
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