Thai Prime Minister Srettha Thavisin disclosed in a recent interview that Tesla is considering a substantial investment of $5 billion in establishing a factory in Thailand. According to the Prime Minister, representatives from Tesla are scheduled to visit Thailand for site inspections, reflecting the electric vehicle company's interest in expanding its presence in the country.
Prime Minister Srettha expressed his desire for increased collaboration with Tesla after his visit to the company's Fremont Factory in California earlier this month. The impending visit of Tesla executives to Thailand will not only focus on industrial matters but also includes an exploration of the country's culture and traditions. The Prime Minister is set to accompany Tesla representatives to the Yi Peng festival in Chiang Mai.
Thailand's negotiations with Tesla are pivotal in achieving its strategic objectives, as the government actively seeks investments to bolster specific industries, including aerospace, digital, and artificial intelligence. Securing Tesla's investment would be particularly significant given CEO Elon Musk's involvement in these diverse sectors.
In September, Prime Minister Srettha had a meeting with Elon Musk, where discussions spanned across Tesla, SpaceX, and Starlink. In a post on X, the Prime Minister stated, “Met with Elon Musk and team during my trip to #UNGA in New York. We had a good conversation on Tesla, SpaceX, and Starlink technology.” He further expressed admiration for the advancements made by Tesla, SpaceX, and their shared vision for a cleaner world. The Prime Minister looks forward to continued discussions and anticipates positive outcomes for electric vehicles and space exploration, not only for Thais but also for the global community.