International Link

Musk vows 'significant investments' as Macron courts global CEOs

French President Emmanuel Macron held private talks on Monday with Elon Musk, chief executive of Tesla, Space X, and Twitter, ahead of a grand gathering of around 200 prominent CEOs attending a 'Choose France' summit at the former royal palace of Versailles aimed at luring foreign investment to France.

La rédaction de Mediapart

This article is freely available.

President Emmanuel Macron met billionaire businessman Elon Musk on Monday as part of efforts to convince global business leaders to invest in France, reports Deutsche Welle (DW).

The chief executive of Tesla, Space X, and Twitter is just one of 200 international business leaders who gathered at the "Choose France" event at the Palace of Versailles.

Macron and Musk discussed "significant progress in the electric vehicle and energy sectors," as well as digital regulation, the French leader wrote on Twitter.

Later Musk vowed Tesla would make "significant investments" in France at some point.

"I'm very impressed with President Macron and the French government and how welcoming they are to industry," Musk said.

French economy and finance minister Bruno Le Maire also met Musk to discuss new tax credits for investments in green technology.

Last week, Macron announced incentives to support innovative industries and transition towards greener technology, including tax credits in fields like battery production, electric cars, hydrogen, and wind power, and accelerating authorization for industrial projects.

Le Maire gave no details of Monday's talks with Musk, saying simply that, "all of today's investments are the fruit of months or even years of negotiations."

France has previously tried to convince Musk to build a European gigafactory in the country, but he chose Germany for his only European gigafactory.

Read more of this report from DW.