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Erdogan invites Musk to establish Tesla factory in Turkey

Published

2 years ago

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President Recep Tayyip Erdogan has extended an invitation to Elon Musk, CEO of Tesla Inc., to consider constructing a Tesla factory within the Turkish borders.

Erdogan, known for his proactive stance in developing Turkey’s infrastructure and economic growth, reached out to Musk in a bid to attract the electric vehicle giant to the region. The President emphasized Turkey’s strategic location, positioned at the crossroads of Europe and Asia, making it an ideal hub for Tesla’s expansion into the Eurasian market.

During their virtual meeting, Erdogan highlighted Turkey’s commitment to renewable energy sources, offering to provide sustainable and cost-effective electricity to power Tesla’s manufacturing operations. Additionally, the Turkish government pledged to provide incentives such as tax breaks and streamlined regulatory procedures to facilitate a smooth establishment of the factory.

Musk expressed his appreciation for the invitation and acknowledged Turkey’s growing market for electric vehicles. However, he also raised concerns about the need for significant investments in charging infrastructure and research and development facilities. Both leaders agreed to further discussions to explore the feasibility of the project.

The potential establishment of a Tesla factory in Turkey holds great promise for the country’s automotive sector, aiming to reduce its reliance on traditional fossil fuel vehicles. It also aligns with Tesla’s mission to accelerate the world’s transition to sustainable energy.

With Turkey’s strategic location and commitment to renewable energy, this collaboration could significantly impact the electric vehicle market in the region and drive economic growth.

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Trump secures $243B+ in Qatar deals

Trump secures $243.5B deal with Qatar, signaling a potential $1.2T pledge to boost U.S. manufacturing, including a record $96B Boeing order.

Published

8 hours ago

on

May 15, 2025

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Trump secures $243.5B deal with Qatar, signaling a potential $1.2T pledge to boost U.S. manufacturing, including a record $96B Boeing order.


President Donald Trump has struck over $243.5 billion in agreements with Qatar, setting the stage for a possible $1.2 trillion economic pledge.

The landmark package is aimed at boosting American manufacturing and innovation, with Trump hailing it as a milestone for U.S.–Gulf relations.

Qatar Airways has signed a record-breaking $96 billion Boeing deal, marking the largest widebody jet order in history.

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#TrumpQatarDeal #Boeing #Raytheon #USDeals #MiddleEastBusiness #QatarAirways #TickerNews #TrumpNews #ManufacturingBoom #USPolitics

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Trump strikes $243 billion in Qatar deals to reshape the Middle East

Trump secures $243 billion in Qatar deals with record aircraft orders and drone defense agreements, signaling a major shift in Middle East relations.

Published

11 hours ago

on

May 15, 2025

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Trump secures $243 billion in Qatar deals with record aircraft orders and drone defense agreements, signaling a major shift in Middle East relations.


Trump strikes $243 billion in Qatar deals including record aircraft order. A historic windfall featuring groundbreaking drone defence agreements and aviation milestones — Trump’s Middle East pivot is making waves.

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#Trump #Qatar #MiddleEastDeals #USPolitics #AircraftOrder #DefenseDeals #TickerNews #GlobalTrade

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ASX wobbles as Australia jobs data looms over RBA

“With ASX 200 momentum fading, analysts await today’s jobs data to see if it influences the RBA outlook.”

Published

11 hours ago

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May 15, 2025

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“With ASX 200 momentum fading, analysts await today’s jobs data to see if it influences the RBA outlook.”


With ASX 200 momentum fading, will today’s jobs data shift the RBA outlook? Analysts are watching closely.

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#ASX200 #AustraliaJobs #RBA #MarketNews #AussieEconomy #LabourMarket #TickerNews #Finance

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