PARIS – Elon Musk will meet French President Emmanuel Macron and different political leaders on Monday at a enterprise convention near Paris, the Elysee Palace stated, confirming earlier media stories.

The Tesla CEO, who purchased social community Twitter in a $44 billion deal final 12 months, will meet Macron on the palace earlier than attending lunch with Finance Minister Bruno Le Maire, the finance ministry informed Reuters.

The ministry stated Musk and Le Maire will talk about newly introduced tax credit for inexperienced investments unveiled to rival the U.S. Inflation Discount Act (IRA).

Le Maire informed BFM TV that the talks between the federal government and Musk would cowl different subjects, together with electrical automobiles.

Requested by BFM TV if any announcement was probably, Le Maire stated “all investments which are being made at this time are the results of months and even years of negotiations.”

Going through strain over a extensively unpopular proposal to lift the French retirement age the French authorities has been searching for to win again momentum by championing a push towards the inexperienced business sector.

Final week, France beat competitors from Germany and the Netherlands for ProLogium’s first abroad automobile battery plant, because of heavy authorities lobbying, deal sweeteners and aggressive energy costs, executives from the Taiwanese firm stated.

Musk will even go to the sixth version of the annual “Select France” summit in Versailles, aimed toward boosting worldwide funding in France.