Tesla unlikely to pursue Indonesian plant soon

Cautious stance: Visitors inspect a Tesla Model 3 car on display at the International Motor Show in Munich. Musk is concerned about the global economic outlook and oversupply in the EV industry. — AFP

JAKARTA: Indonesia doesn’t expect Tesla Inc to invest in the country anytime soon, after coordinating minister Luhut Panjaitan met with Elon Musk last month.

“I said fine, we are doing okay, if you cannot invest in Indonesia for a moment, no problem,” Panjaitan, who is the coordinating minister for maritime affairs and investment, said about his meeting with Musk in August when they talked about Tesla for more than two hours.