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Tesla (NASDAQ:TSLA), Google, and Microsoft Eye $5B Investment in Thailand
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Tesla (NASDAQ:TSLA), Google, and Microsoft Eye $5B Investment in Thailand

Story Highlights

Thailand could see a $5 billion investment from leading U.S. names, including Tesla, Google, and Microsoft.

A number of South Asian economies are attracting mega investments from global heavyweights. Now, Thailand may be getting an inflow of $5 billion from Tesla (NASDAQ:TSLA), Google (NASDAQ:GOOG) (NASDAQ:GOOGL), and Microsoft (NASDAQ:MSFT), according to a Reuters report. Srettha Thavisin, the Prime Minister of Thailand, commented, “Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centers.”

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Thailand is Asia’s fourth biggest vehicle manufacturer, and Thavisin held talks with Tesla supremo Elon Musk last week. However, it remained unclear if the $5 billion investment would be in a combined form or from individual companies.

Interestingly, the investments in Asian countries come even as the world weans away from its dependence on China amid rising geopolitical tensions and trade restrictions.

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Despite tightening economic conditions, shares of Google, Tesla, and Microsoft have delivered double-digit returns for the year so far. Microsoft continues to remain attractive on the hype around AI, and the Street sees a mouth-watering 23.7% potential upside in the stock.

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