Author: Bernadette Christina

UPDATE 1-Indonesia says investment talks with Tesla still ongoing

Negotiations between Indonesia and Tesla are still ongoing, a senior minister said on Thursday, following a report that the U.S. automaker is nearing a preliminary deal to build production facilities with a capacity of one million units. Luhut Pandjaitan, who has been leading the talks with Tesla, declined to disclose further details, citing a non-disclosure agreement. Bloomberg News also reported that the Indonesia talks include plans for production facilities and to facilitate the company's supply chain, citing people familiar with the matter.