Thailand Expects Investment Of $5 billion From Tesla, US Tech Leaders

Thailand's new prime minister has met with Tesla CEO Elon Musk, as well as executives from other US technology and investment firms such as Google and Microsoft, in an effort to boost the country's flagging economy, Reuters reported.
Srettha Thavisin met Musk on the sidelines of the UN General Assembly in New York, where he emphasised Thailand's commitment to Sustainable Development Goals.

Following the meeting, Srettha said on Sunday that the country expected at least $5 billion in investment from Tesla, Google, and Microsoft.
"Tesla is looking into an EV manufacturing facility, as are Microsoft and Google...

However, according to Bangkokpost, Tesla, Google, and Microsoft did not immediately respond to requests for comment.

Thailand, one of Southeast Asia's leading automakers, is looking to transition to electric vehicles. Traditionally, Japanese manufacturers have dominated much of the output, but Chinese EV makers are making inroads.
Thailand has also been offering incentives to EV and battery manufacturers, as well as tax breaks to local EV buyers, in order to maintain its position as a regional auto centre.