Elon Musk Eyes Investment Opportunities in Argentina

Elon Musk, CEO of Tesla and SpaceX, announced intentions to invest in Argentina, the fourth-largest producer of lithium. Musk, who has shown admiration for President Javier Milei's libertarian politics, hosted Milei at a Tesla factory in Texas. Musk's companies, including Neuralink and xAI, are exploring investment opportunities in the nation.

Elon Musk, the CEO of Tesla and SpaceX, publicly declared his companies' interest in exploring investment opportunities in Argentina on Tuesday. The nation ranks as the fourth-largest producer of lithium, a key component for electric vehicle batteries.

Musk has expressed admiration for Argentine President Javier Milei's libertarian stance and his strong support for private enterprise. In a show of this connection, the tech mogul hosted Milei at a Tesla factory in Austin, Texas, earlier this year.

Musk's business ventures, including brain-chip startup Neuralink and AI firm xAI, are actively seeking ways to invest in the South American country, underscoring his commitment to fostering economic ties and technological innovation there.

(With inputs from agencies.)