Elon Musk denies WSJ report that Tesla's in talks with Saudi Arabia for factory
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Billionaire Elon Musk denied that Tesla (NASDAQ:TSLA) is in talks with Saudi Arabia to build a manufacturing facility in the nation.
âYet another utterly false article from WSJ,â Musk wrote Monday on X, the social media platform formerly known as Twitter.
Sources told the Journal that Saudi Arabia has been offering Tesla (TSLA) the perk of being able to purchase certain quantities of metals and minerals the company needs.
One of the proposals under consideration involves extending financing to commodities trading giant Trafigura to help Tesla (TSLA) secure needed minerals from nations such as Congo.
Shares of Tesla (TSLA) were down 2.5% on Monday.

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