Musk meets Macron as France lobbies for Tesla factory

Tesla CEO Elon Musk has met with French President Emanuel Macron in Paris to discuss a potential “significant investment” in France.

“No announcement today but I am very impressed with President Macron and the French government and how welcoming they are,” Musk told reporters.

Musk also met with French finance minister Bruno Le Maire to discuss tax credits for new investments in green technologies France.

Tesla currently has a factory in Berlin producing 5,000 Model Y vehicles per week. However, this could scale to 10,000 per week by the end of the year.

Tesla’s goal of reaching 20 million EVs per year by 2030 means the company will need to build a number of new factories around the world. With the Berlin factory capacity at around 2 million vehicles per year, Tesla will likely need a second in Europe.

Musk also attended the “Choose France” summit along with 200 business leaders. Macron hosted the summit to pitch business investment in France.

Tesla currently has factories in California, Texas, Nevada, Germany and China and is building a new factory in Mexico.

Musk also recentlymet with South Korean President Yoon Suk Yeol in Washington D.C.

Yoon also suggested that Tesla build a factory in South Korea citing the country’s cutting-edge industrial robots and high-skilled workers.

“Should Tesla decide to invest, we will provide active support in terms of location, workforce and taxes,” said President Yoon.

With Tesla’s production growing exponentially, we make see multiple new factory announcements over the next 12 months.