Musk has said that Brexit poses too much of a risk for a significant investment in the UKElon Musk flew into Luton on his private jet last weekend, fuelling speculation that he is considering opening a Tesla factory in the UK. Musk, chief executive of the electric car-maker, arrived on his $70 million Gulfstream G650ER jet on Friday and departed on Sunday night. His visit coincided with reports that government ministers have been urgently looking for a site for a large factory. SponsoredThe Office for Investment, which was created in November last year, has been asking regional agencies to submit potential locations that could cover 250 hectares, according to The Daily Telegraph. The body, led by the former Barclays chairman Lord Grimstone of Boscobel, is said to have been discussing potential sites in Teesside and the West Midlands.

Source: The Times May 19, 2021 22:52 UTC