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Tesla in Talks to Build 1 Million Car Factory in Indonesia

According to an exclusive report by Bloomberg, electric vehicle giant Tesla is in talks to build a factory in Indonesia, with the potential to produce as many as 1 million cars per year.

Tesla cars on the production line
Tesla cars on the production line

This would align with Tesla's goal to have all its factories reach that capacity.

Indonesian Investment Minister Bahlil Lahadalia confirmed that the coordinating minister for maritime affairs and investment is leading talks with Tesla. A representative for the ministry waited to respond to requests for comment.

In August, President Joko Widodo stated in an interview with Bloomberg News that the country is eager for Tesla to produce electric cars in Indonesia, rather than just batteries, and is willing to invest time in convincing CEO Elon Musk to view Indonesia as a valuable manufacturing location.

As of Wednesday morning, shares of TSLA are up 2.30% in pre-market trading.