Elon Musk's Tesla Indonesia Plans Should Be Taken With A Grain Of Salt: Here's Why

Tesla Inc. TSLA may soon announce a battery material factory in Indonesia, according to Indonesian officials. However, this news should be approached cautiously and taken “with a grain of salt,” Electrek reports.

Senior Minister Luhut Pandjaitan disclosed his meeting with Tesla’s CEO, Elon Musk, in San Francisco. He stated Musk’s intention to establish a factory in Indonesia, hinting at an upcoming announcement.

Earlier, Indonesian officials had made similar claims about Tesla’s investments in the country, which didn’t materialize.

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In 2020, reports surfaced about Tesla’s possible nickel venture in Indonesia, a major nickel producer. Musk had previously urged mining companies to boost nickel production, a key component of battery cells for electric vehicles.

Despite the ambiguity, there have been instances of Tesla’s interest in Indonesia. In 2022, a Tesla group visited Indonesia for government discussions, and Musk met with President Joko Widodo.

The company’s actual plans for the country remain unclear, and circulating rumors have varied significantly.

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Photo by Rokas Tenys on Shutterstock


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