UK (Commonwealth) _ Elon Musk, the richest person on the planet, has retaliated against the UK government for not inviting him to the International Investment Summit.
The media is aware that he was not invited because of what he posted on social media during the protests last month. According to Mr. Musk’s post on X, “I don’t think anyone should go to the UK when they’re releasing convicted pedophiles in to imprison people for social media posts.”
This was believed to be a reference of the UK government claims of releasing prisoners to relieve jail overcrowding, where the authorities released a certain number of inmates earlier this month, although the claims of them were serving terms for sexual offenses was not clear.
A few people were imprisoned for inciting unrest on social media in the wake of chaos and riots that occurred around the UK in August.
Mr. Musk frequently focused on the prime minister and predicted a civil war in the UK on X, the platform that was formerly Twitter, during the August riots.
He had also alleged, that the UK was setting up “detainment camps” for riots on the Falkland Islands, which he later deleted. Ministers called his remarks “pretty deplorable” and “totally unjustifiable” at the time.
The media is aware that this is the reason he hasn’t received an invitation to attend the event on October 14 with hundreds of the largest investors in the world. The administration chose not to respond.
The prime event that Prime Minister Sir Keir Starmer anticipates drawing in tens of billions of pounds in capital from the largest investors globally for business purposes is the summit.
Despite being invited, Mr. Musk did not show up for the occasion last year. But he played a major role in the AI Summit in November, where he had a fireside conversation with the then-prime minister Rishi Sunak.
Former Conservative chancellor and current shadow chancellor Jeremy Hunt told the BBC that Mr. Musk’s absence from the conference was a “huge loss.”
He informed me last year that he was considering opening a new auto plant in Europe, though he had not yet chosen where. According to Mr. Hunt, the UK was a possibility.
The government’s choice to not invite Mr. Musk to the summit raises awkward concerns about the backgrounds of other investors it has actively recruited and implies that it does not believe the prospective investment is worth the repetitional risk.
Appealing to foreign investors or countries with dubious human rights records is a common strategy for luring in foreign capital. The government has been aggressively pursuing Gulf commercial connections.
For instance, as the head of the opposition, Sir Keir openly boycotted the 2022 World Cup in Qatar, but he and his group now frequently travel to these countries to promote investment and commerce.
At the meeting, a number of senior executives from sovereign wealth funds are anticipated. After finishing his plant in Mexico, Mr. Musk is reportedly focusing on building a second gigafactory in Europe in addition to his Berlin, Germany facility.
The CEO of Tesla was discreetly escorted around potential locations for a gigafactory for automobiles and batteries in the UK during the Conservative administration. He has previously told journalists that a part of the reason he chose to start the site in Berlin rather than the UK was Brexit .
That is mostly determined by the value of his Tesla stock, of which he owns over 13%. As the company’s output expanded and it started to generate consistent profits in 2020, the value of its stock started to climb.
The world’s richest man, the head of SpaceX, Tesla, and X (previously Twitter), has utilized his position to express his opinions on a wide range of subjects.
In addition, he has pushed on with human brain chip testing at his company Neuralink, experimented with making X a super app, and attempted to take a more active part in the rapidly expanding field of artificial intelligence, while also cautioning that such developments could wipe out humanity.
However, Mr. Musk’s actions—such as suing ChatGPT’s developer and making global political commentary—have gained attention world wide.
