Tesla Inc. TSLA CEO Elon Musk on Sunday dismissed the chances of his EV company putting up a factory in the UK, saying that few companies would be willing to invest in the country under the current Labour Party-led administration.
What Happened: “Very few companies will be willing to invest in the UK with the current administration,” Musk wrote in a post on social media platform X.
The billionaire CEO was responding to reports of Member of the Scottish Parliament Ash Regan requesting him to build a new gigafactory in Scotland.
“If Elon Musk took up my offer to explore expansion into Scotland it would be a game changer for our manufacturing base, bring billions to our economy, and create thousands of highly skilled and well-paid jobs,” Regan told The Herald.
Aftermath: However, after…
