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Saturday, May 4, 2024

Thailand’s new PM holds talks with Tesla chief Musk

 Thailand’s new Prime Minister Srettha Thavisin said on Thursday he held talks with Tesla TSLA.O chief Elon Musk during a visit to New York and they discussed the electric vehicle industry.

Thailand, Asia’s fourth-largest automobile assembly hub, has been offering incentives to EV and battery makers, and tax cuts to local EV buyers, to remain a regional auto centre.

Srettha, who is in New York to attend the United Nations General Assembly, said he spoke with Musk about EV manufacturer Tesla and his rocket and satellite company SpaceX, including its internet venture Starlink.

“We look forward to further discussions,” Srettha posted on messaging platform X, formerly known as Twitter.

In a statement, the Thai government said that Srettha told Musk in a video conference that his administration was ready to support investments within the existing incentive framework.

“Tesla…

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