France Woos Elon Musk: A New Tesla Gigafactory On The Horizon?
Portfolio Pulse from Benzinga Newsbot
France is attempting to convince Tesla CEO Elon Musk to establish the company's next Gigafactory within its borders, aligning with the country's goal of becoming a major player in the electric vehicle industry. France has set a target of producing one million electric vehicles by 2027 and opened its first electric car battery factory this year.

June 14, 2023 | 12:58 pm
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France is courting Tesla to establish its next Gigafactory within the country, which could contribute to France's goal of producing one million electric vehicles by 2027.
France's push for a Tesla Gigafactory aligns with its goal of becoming a major player in the electric vehicle industry. If Tesla chooses France for its next Gigafactory, it could significantly contribute to the country's target of producing one million electric vehicles by 2027. This development could positively impact Tesla's stock price in the short term as it signals potential growth and expansion opportunities for the company.
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