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Elon Musk eyes investment opportunities in Argentina

BNE News Desk , September 25, 2024
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Argentina: Elon Musk, the CEO of Tesla and SpaceX, announced via a post on X on Tuesday that his companies are exploring potential investment opportunities in Argentina to support the South American nation.

Argentina ranks as the world's fourth-largest producer of lithium, an essential component in electric vehicle batteries. Musk has previously expressed admiration for Argentine President Javier Milei, known for his libertarian policies and strong advocacy for private enterprise. In April, Musk hosted Milei at Tesla's factory in Austin, Texas.

"My companies are actively looking for ways to invest in and support Argentina," stated Musk, who is also involved in brain-chip startup Neuralink and artificial intelligence firm xAI. This initiative underscores Musk's commitment to expanding his business ventures in regions rich in resources critical for the electric vehicle industry.