Luhut Says Tesla, Indonesia Yet to Reach Investment Deal

23 May 2022 21:09 WIB

Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan meets Tesla Inc. CEO Elon Musk at Tesla auto plant in Austin, Texas, US, April 26, 2022. Photo/Special

TEMPO.CO, JakartaCoordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan confirmed that Indonesia and Tesla CEO Elon Musk have not yet reached an investment agreement. He said such a decision required a lengthy process and time, let alone it is a huge investment.

“So we'll have to be patient, so that we can really bring great benefits to the community and the country as we all expected,” said Luhut in a statement, Monday, May 23, 2022.

However, Luhut said he had been in touch both with Elon Musk and Tesla for the past two years. The founder of SpaceX, according to Luhut, is highly interested in Indonesia’s nickel industry which is considered promising to meet the needs of the electric vehicle or EV ecosystem.

Since the meeting at the Tesla’s EV factory in Austin, Texas, on April 26, Luhut said his ministry and the Tesla team had continued to carry out intensive negotiations.

He also said that the Tesla team made a haste action as they came to Indonesia in early May and visited several nickel processing factories. “We must remember that this is still in the negotiation stage, so once again, we all must be patient,” Luhut remarked.

Luhut and President Joko "Jokowi" Widodo recently met with Elon Musk and visited the SpaceX factory in Boca Chica, Texas. They discussed investment, technology, and innovation. Jokowi also invited the world’s richest person to attend the Business 20 or B20 forum, which is a series of G20 events.

FRANCISCA CHRISTY ROSANA

Click here to get the latest news updates from Tempo on Google News 

Luhut Mulls Requiring Vaccine Booster for Travel

2 hari lalu

Luhut Mulls Requiring Vaccine Booster for Travel

Coordinating Minister Luhut is considering plans to determine a vaccine booster as a travel requirement following the rising COVID-19 active cases.


Elon Musk's SpaceX Fires Five Employees over Critical Letter

7 hari lalu

Elon Musk's SpaceX Fires Five Employees over Critical Letter

Private rocket company SpaceX fired at least five employees after it found they had drafted and circulated a letter criticizing founder Elon Musk.


Jokowi Encourages Germany to Invest in Electric Vehicle Industry

8 hari lalu

Jokowi Encourages Germany to Invest in Electric Vehicle Industry

President Jokowi openly invited Germany to invest in Indonesia's higher technology industry, including electric vehicles and semiconductors.


Govt Still Plans to Limit Visitors to Borobudur: Luhut

9 hari lalu

Govt Still Plans to Limit Visitors to Borobudur: Luhut

Coordinating Minister Luhut says the government will stick to the idea of limiting the number of visitors to Borobudur Temple to 1,200 people per day.


Political Observer Deems Jokowi's Cabinet Reshuffle May Be Pointless

10 hari lalu

Political Observer Deems Jokowi's Cabinet Reshuffle May Be Pointless

The cabinet reshuffle which will reportedly be announced by President Joko "Jokowi" Widodo today afternoon, June 15, 2022, met with criticism.


Bappenas Devises New Capital City Investment Guidelines

12 hari lalu

Bappenas Devises New Capital City Investment Guidelines

Bappenas is currently devising investment guidelines for Indonesia's new capital city of Nusantara (IKN) as investors start to approach.


Erick Thohir: Govt' Provides More than IDR 200 Trillion for Fuel Subsidy

15 hari lalu

Erick Thohir: Govt' Provides More than IDR 200 Trillion for Fuel Subsidy

SOE Minister Erick Thohir said the government had disbursed subsidies for gasoline to the public worth up to trillions of rupiah.


China's EV Producer BYD to Supply Batteries for Tesla

16 hari lalu

China's EV Producer BYD to Supply Batteries for Tesla

Chinese electric carmaker BYD is reportedly preparing to supply batteries to Tesla soon, a senior executive from the company said.


Transjakarta Launches Trial of 3 New Brands Electric Bus

17 hari lalu

Transjakarta Launches Trial of 3 New Brands Electric Bus

Jakarta-owned bus operator Transjakarta launched a trial of three new brands of electric bus today, June 8.


Bahlil: EV Battery Makers LG, Foxconn Will Invest in Batang Industrial Estate

17 hari lalu

Bahlil: EV Battery Makers LG, Foxconn Will Invest in Batang Industrial Estate

Minister Bahlil Lahadia said that 1,000 hectares of land for the second phase of Batang Integrated Industrial Estate (KITB) in Central Java