Author: Bloomberg News

Tesla Nears Preliminary Deal for Indonesia Electric Car Plant

(Bloomberg) -- Tesla Inc. is close to sealing a preliminary deal to set up a factory in Indonesia, according to people familiar with the matter, as Elon Musk’s electric vehicle pioneer looks to capitalize on the Southeast Asian nation’s reserves of key battery metals. Most Read from BloombergUS Safety Agency to Consider Ban on Gas Stoves Amid Health FearsRental Housing Is Suddenly Headed Toward a Hard LandingBrady, Gisele, Patriots’ Bob Kraft Among FTX Shareholders Facing WipeoutApple to Begin M