Coordinating Minister Luhut Binsar Pandjaitan reveals Elon Musk’s reasons for delaying Tesla investments worldwide


Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan opens up about Elon Musk’s reasons for delaying Tesla investments around the world. Luhut said global economic conditions were the main problem.

Luhut said that during a face-to-face meeting in the United States, Elon Musk admitted that he did not want to go bankrupt because of an excess stock of cars. This, said Luhut, had happened to General Motors and Elon Musk did not want this to happen to Tesla.

Until now, Luhut explained, out of a total of 3 million Tesla electric cars, there are still 1.2 million left that have not been sold and purchased.

“Elon said he doesn’t want to be like General Motors, going bankrupt because of oversupply, so his investment in Mexico will also be put on hold before they start producing until they understand this market,” Luhut said in a video upload on his official Instagram account @luhut.pandjaitan, Monday ( 14/8/2023).

On the other hand, Luhut also opened his voice about the news that several Asian countries have entered Tesla’s investment, Malaysia for example. He said, what actually happened was that Tesla opened a car sales agency. Unlike the electric vehicle investment plan in Indonesia.

“Even if there are other countries in Asia that say Tesla is open, it’s just car sales agents. We can also make car sales agents, but that’s not our goal,” said Luhut.

Previously, Luhut himself had guaranteed that Tesla would continue to prioritize its investment in Indonesia after the period withholding investment was over.

“They see Indonesia as their priority for investment,” said Luhut when met at the Presidential Palace Area, Central Jakarta.


2023-08-14 13:30:41
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