On November 1, Errol Musk, father of US technology billionaire Elon Musk, made a noteworthy statement saying he would advise his son to invest in Russia, despite the current geopolitical context.
Errol Musk has specifically highlighted the possibility of building a Gigafactory in Russia. This is the name of Tesla's huge battery and electric vehicle super factories.
Errol said Elon Musk would never go to the UK or France to open a similar plant, but it was entirely possible for Russia. He affirmed that Russia is a " inappropriate place" to build the factory.
This statement is considered very bold, because Russia is a country subject to many economic sanctions from the West.
Currently, Tesla's strategic Gigafactory plants are located in the US, Germany and China.
Elon Musk's relationship with the region is also complicated: his company SpaceX provides a key Starlink satellite Internet service to Ukraine, but he has also faced criticism for the proposed peace plans that are considered beneficial to Russia.
In addition, Mr. Errol Musk also expressed his confidence that US investors in general may soon be interested in the Russian market again, despite the tensions. He said investors are always looking for the best opportunities and "wherever opportunities are created, people will flock there".
Not only that, Mr. Errol Musk also strongly criticized the investment environment in the US. He described the world as so volatile that even investment in the US would be difficult.
Errol Musk, a South African engineer known for his controversial statements and complicated relationships with his son. He recently visited Moscow and Kazan, where he met with IT experts and local journalists.
