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Musk Denies Saudi Factory Talks Despite Country's EV Push

  • Elon Musk denies report that Tesla is in talks with Saudis about opening a factory in the country.
  • Saudi Arabia has been courting Tesla, offering access to metals and minerals needed for EVs.
  • Saudi wealth fund is a major investor in Lucid Motors, a Tesla rival.
  • Tesla aims to build 12 factories by 2030 to reach goal of 20 million vehicle sales annually.
  • Musk has met with leaders of Turkey, India and other countries that want Tesla factories.
foxbusiness.com
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