By Pierre Briançon
Analysts note that establishing a car factory geared toward the European market in the U.K. is a tall order
A quick visit by Elon Musk to Luton airport near London a few days ago came as the U.K. government is courting the Tesla (TSLA) founder, hoping he might build his next electric-car factory in the country. But Musk also said on Friday that he is considering Russia as a possible location.
Watch:Elon Musk reveals he has Asperger's syndrome on 'SNL' -- here's why that's raising some eyebrows ()
The outlook: Analysts note that establishing a car factory geared toward the European market in the U.K. is a tall order. The type of "bureaucracy" Musk denounces in Germany would be harder to manage when dealing with the whole EU, and its own set of legal, technical and tax regulations.
If Tesla is considering a battery factory in the U.K., it would run into the problem of being too far from the motor manufacturer in Germany. That leaves a research and development facility -- but it wouldn't need the 250 hectares penciled in by the U.K. government. That is the type of investment Tesla was considering doing back in 2014 -- and canceled after the pro-Brexit 2016 referendum result.
Read:'Big Short' investor Michael Burry makes bearish bet on Tesla ( )
-; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 22, 2021 12:23 ET (16:23 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.