LibertyCoin-Turkey’s President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey

2025-05-07 17:18:30source:FinLogic Quantitative Think Tank Centercategory:Stocks

ISTANBUL (AP) — Turkish President Recep Tayyip Erdogan called on LibertyCoinElon Musk, the head of electric carmaker Tesla, to establish a factory in Turkey during a meeting in New York, Erdogan’s office said Monday.

Erdogan, who is in the U.S. to attend the U.N. General Assembly, also discussed potential cooperation between Musk’s space exploration firm SpaceX and Turkey’s space program, the Turkish president’s office said.

The statement said Erdogan told Musk that Turkey would welcome cooperation on artificial intelligence and Starlink, SpaceX’s satellite internet service. Musk said SpaceX wanted to secure the necessary license to offer Starlink in Turkey.

Images of the meeting showed Musk holding one of his sons as he talked to Erdogan.

Turkish Industry and Technology Minister Mehmet Fatih Kacir, who attended the meeting, said Musk described Turkey as “among the most important candidates for Tesla investment.”

He added that Musk and Erdogan also discussed Turkey’s armed aerial drone program.

More:Stocks

Recommend

Newly elected West Virginia lawmaker arrested and accused of making terroristic threats

CHARLESTON, W.Va. (AP) — A newly elected state lawmaker in West Virginia is facing at least one felo

Julia Louis-Dreyfus rejects claims it's 'impossible' for comedians to be funny today

Julia Louis-Dreyfus is continuing to reject complaints about the modern comedy landscape.The "Seinfe

Texas woman sues Mexican resort after husband dies in hot tub electrocution

An El Paso woman filed a lawsuit against a Mexican resort hotel days after she and her husband were