Recently, Tesla’s top Stakeholder JPMorgan Chase plans are move towards UAE, Saudi, and the Middle East. Saudi Arabia is planning and has expressed its stance towards UAE’s growing new technology, financial hub, Stable Economy, global transportation, and institutional development. In this way, companies like JP Morgan, and Vanguard have started expanding their business in the Middle East, Turkey, and Europe, their new headquarters will probably be in UAE or Riyadh. Recently, owners, managers, and stockholders of big companies have also started coming to the Abu Dhabi Financial Week in UAE. This means, that the UAE has now become an investment, financial, and management portfolio hub of many big people, where thousands of people will come and want to build their businesses, trades, manufacturing, and exports/imports.
Why Elon Musk planning to invest in The Middle East, China, India, and Japan’s manufacturing companies to build Tesla and EV vehicles?
Recently, Tesla’s Cybertruck deal is scheduled to take place on November 30, 2023 in Austin, Texas. So, it is believed that in the coming few months, Tesla CEO Elon Musk will now want to make Tesla Cars instead of SpaceX, Boeing, and other manufacturing corridors which include The US, Japan, China, and India. Want to spread in countries like Saudi Arabia, UAE, Turkey, Egypt and Brazil. However, after JP Morgan enter the Middle East, it seems that Tesla and Elon Musk’s companies feel that if Banks, Startups, and newly age talents are to give a new future to the Middle East, then perhaps this is also the biggest opportunity for Tesla. Tesla, JP Morgan, and Institutional businesses may earn a passive strategy, profit, and future developments. Along with this, BlackRock, Vanguard, and JP Morgan can also use profitable strategy, tax–free, financial ideas from their side.