'Hermanos' And Tesla: While Brazil Fights With Elon Musk, Argentina Presents Surreal Proposal With Tax Incentives And May Be The Billionaire's Next Destination!

‘Hermanos’ And Tesla: While Brazil Fights With Elon Musk, Argentina Presents Surreal Proposal With Tax Incentives And May Be The Billionaire’s Next Destination!

Written by Roberta Souza

Published on 24/04/2024 at 10:51

Updated on 02/05/2024 at 15:15

fotoqreprodução: cnnbrasil

Be the first to react!

The City of Zárate Offers Tax Exemptions for 10 Years to Electric Car Manufacturers, and Elon Musk Is Interested!

According to Motor1, following a meeting between Argentine President Javier Milei and entrepreneur Elon Musk in the United States, the city of Zárate in Argentina is offering tax benefits to the Tesla manufacturer. The goal? To install an electric car factory in this district located north of the Buenos Aires province.

The proposal was made by Mayor Marcelo Matzkin, who directed a direct invitation to Musk: “In Zárate, Argentina, any company that wishes to establish itself to produce electric vehicles, their auto parts, and charging infrastructure will not pay taxes for 10 years. We are waiting for you, Elon Musk. We have the best location and an incredible gastronomy”, said Matzkin. The only condition imposed is that the manufacturer hires 75% of local labor.

Image: By: Motor1.com Argentina
Translated by: Thiago Moreno

Zárate: An Automotive Hub in Growth

Zárate is already home to two other automobile factories: Toyota Argentina, which has been operating for 26 years, and Mercedes-Benz Trucks and Buses, which is under construction and plans to start production in early 2026. Now, the city seeks to expand its presence in the automotive sector by attracting the giant Tesla. The offer of tax incentives aims not only to strengthen the local economy but also to position Zárate as a hub of innovation and sustainability.

ARTICLE CONTINUES BELOW

Potential for All of Latin America

President Milei’s advisor Carlos Ruckauf revealed that Tesla could set up an electric vehicle factory in Zárate to supply all of Latin America, provided that the Argentine Congress approves the Mobility Law, which has been stalled for months in the neighboring country. This initiative could boost the regional automotive industry, aligning with global efforts to reduce carbon emissions and promote sustainable mobility.

The First Face-to-Face Meeting

The meeting between Milei and Musk, who have spoken on the phone in recent months, marks a crucial moment. In March, Musk announced the arrival of Starlink in Argentina, providing satellite internet service in areas with low conventional network coverage. Now, the possibility of a Tesla factory in the South American country opens new perspectives for the automotive industry and strengthens ties between Argentina and the United States.

Elon musk-Argentina-tesla-tax — Photo/reproduction: social media

Is It Worth It for Argentina?

Therefore, Elon Musk, known for his innovations and futuristic vision, may find in Argentina a unique opportunity to expand Tesla’s presence in Latin America. With tax incentives and a strategic location, Zárate presents itself as a promising destination for Tesla’s factory. The ball is now in Musk’s court as Argentina eagerly awaits the response from the visionary entrepreneur.

146 Comments

most recent

older Most voted

Built-in feedback

View all comments

Abby Hammes

#11071

06/06/2024 09:36

¡Qué interesante desarrollo! Parece que Argentina está tomando medidas audaces para atrair inversiones de Tesla. ¡Será emocionante ver cómo esto impacta en la economía y la industria automotriz en la región!

Respond

Ricardo Cunha

#5412

29/04/2024 08:33

O atual governo com um débito mental virou um Anão diplomático no mundo enquanto até a Argentina conseguindo sair do buraco o Brasil Rico sendo afundando mais uma vez , **** !!!

Respond

Denise

#4902

28/04/2024 01:05

Dois dementes fazendo negócio não vai dar boa.

Respond

‘Hermanos’ And Tesla: While Brazil Fights With Elon Musk, Argentina Presents Surreal Proposal With Tax Incentives And May Be The Billionaire’s Next Destination!

The City of Zárate Offers Tax Exemptions for 10 Years to Electric Car Manufacturers, and Elon Musk Is Interested!

Zárate: An Automotive Hub in Growth

Potential for All of Latin America

The First Face-to-Face Meeting

Is It Worth It for Argentina?

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

In China, even those who beg on the street already have a QR Code, paper money has practically disappeared from daily life in just ten years, and the entire country has come to live on invisible payments via mobile phones.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.

A new 3D printing technology promises to give robots muscles similar to humans.

China pours concrete for 60 hours non-stop to form the largest caisson in the world on a highway bridge over the Yangtze and prepare the base that will support a 1,600-meter span over one of the most important rivers on the planet.

‘Hermanos’ And Tesla: While Brazil Fights With Elon Musk, Argentina Presents Surreal Proposal With Tax Incentives And May Be The Billionaire’s Next Destination!

The City of Zárate Offers Tax Exemptions for 10 Years to Electric Car Manufacturers, and Elon Musk Is Interested!

Zárate: An Automotive Hub in Growth

Potential for All of Latin America

The First Face-to-Face Meeting

Is It Worth It for Argentina?

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Cheap car, expensive repair: Renault Kwid 2020/2021 with 127,000 km requires a new engine costing R$ 11,500, and the final bill exceeds R$ 16,000.

Renault 4 electric gets Plein Sud version with a fabric roof that opens 92 cm, starting at €37,290 and featuring 28 driving assistants in a nostalgic bid to drive in the open air without sacrificing interior space.

Baly, a manufacturer from Santa Catarina that surpassed Red Bull and Monster to take the lead in the Brazilian energy drink market in December, is moving forward with the new factory in Araranguá, expected to create over a thousand jobs and begin operations in the second half of 2026.

The shortage of bricklayers is already making renovations more expensive in Brazil and forcing property owners to change the way they hire labor, while delayed projects, rework, low qualifications, and lack of planning are turning small constructions into increasingly costly headaches.

In China, even those who beg on the street already have a QR Code, paper money has practically disappeared from daily life in just ten years, and the entire country has come to live on invisible payments via mobile phones.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.

A new 3D printing technology promises to give robots muscles similar to humans.

China pours concrete for 60 hours non-stop to form the largest caisson in the world on a highway bridge over the Yangtze and prepare the base that will support a 1,600-meter span over one of the most important rivers on the planet.