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Tesla gets Gigafactory incentives offer from South Korea’s President Yoon
Teslarati ^ | NOVEMBER 28 2022 | ByMaria Merano

Posted on 11/29/2022 12:54:54 AM PST by SmokingJoe

South Korea’s President Yoon Suk-yeol said that Tesla would get “tailored” incentives if it decides to establish its next gigafactory in the country. Elon Musk recently noted that South Korea was a top candidate for the next Tesla gigafactory location.

“If Tesla, SpaceX or other companies are considering more investment in [South] Korea, including constructing a gigafactory, the government will do our best to support the investment,” President Yoon told Reuters.

President Yoon also provided a brief overview of the advantages Tesla would have if it chose to build in South Korea.

“We are preparing a tailored approach to grant some advantages to these specified companies,” he said.

Last week, South Korea’s presidential office reported that Elon Musk and President Yoon talked through a video call. During their discussion, the Tesla CEO reportedly told President Yoon that he considered South Korea one of the top candidates for a Tesla factory in Asia.

(Excerpt) Read more at teslarati.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: musk; northkora; tesla
Plenty of other countries including Indonesia want an Elon Musk plant on their countries. And South Korea has one of the most vibrant auto industries on the planet.

Meanwhile, Dementia Joe can't even bring himself to mention the name "Tesla".

1 posted on 11/29/2022 12:54:54 AM PST by SmokingJoe
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To: SmokingJoe

Saw the latest landing of Musk’s Space Capsule...absolutely awesome. The question was: Why such an archaic landing in water?? Easy answer...Safer!! Glad someone asked it though.


2 posted on 11/29/2022 3:00:24 AM PST by Sacajaweau ( )
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To: Sacajaweau

Yup, back in the early years of our space program the semiconductor industry was in its infancy. The technology today is light years more advanced. There’s been so much knowledge and improvement applied to safety, precision, advancement, etc, there’s no comparison. It won’t be long till ocean splash downs will be replaced with recoverable landing technology.


3 posted on 11/29/2022 4:32:38 AM PST by snoringbear (,W,E.oGovernment is the Pimp, )
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To: snoringbear

You’re misunderstanding perhaps. There were several options for earth landings...this ocean type landing was deemed the safest. In other words, it may seem archaic because it was the early choice...but despite all kinds of other types, it remains the safest.


4 posted on 11/29/2022 4:42:41 AM PST by Sacajaweau ( )
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To: snoringbear
"The technology today is light years more advanced."

Ain't that the truth! Santa delivered me a 5T 2.5" disk the other day - 500,000x the capacity of my first "10 Meg hard card" if my math serves me correctly.

5 posted on 11/29/2022 4:57:39 AM PST by The Duke (Never Retreat, Never Surrender!)
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To: Sacajaweau

No, didn’t misunderstand. But, thanks nevertheless 😉….


6 posted on 11/29/2022 5:03:21 AM PST by snoringbear (,W,E.oGovernment is the Pimp, )
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To: SmokingJoe

Maybe Musk will move Twitter to South Korea while he’s at it?


7 posted on 11/29/2022 5:23:43 AM PST by Salman (It's not a slippery slope if it was part of the program all along. )
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To: SmokingJoe

There is not enough Lithium, Nickle or Cobalt to support a new factory at this time.


8 posted on 11/29/2022 6:58:23 AM PST by MMusson
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To: MMusson
Yes there is. Tesla will start building a new Gigafactory next year.
9 posted on 11/29/2022 9:02:23 AM PST by SmokingJoe ( )
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To: Salman

To Texas probably.


10 posted on 11/29/2022 9:03:32 AM PST by SmokingJoe ( )
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