Elon Musk will meet Brazilian Bolsonaro, report says

Tesla Motors founder and CEO Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada, U.S., July 26, 2016. REUTERS /James Glover II/File photo

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SAO PAULO, May 19 (Reuters) – Brazilian President Jair Bolsonaro and business tycoon Elon Musk are due to meet in Sao Paulo on Friday, Brazilian daily O Globo reported on Thursday.

The two will discuss a potential partnership on rural connectivity and monitoring deforestation, according to O Globo.

The meeting follows a meeting the chief executive of SpaceX and Tesla with Brazilian Communications Minister Fabio Faria in November in Austin, Texas. The two spoke about using SpaceX technology to bring the internet to rural schools and reduce illegal deforestation in the Amazon rainforest.

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According to the O Globo report, Friday’s meeting will take place at an upscale hotel near the town of Sorocaba in the state of Sao Paulo and will bring together several business executives, including the general manager of Telecom Italia (TLIT .MI), Pietro Labriola, and the chairman of Brazilian lender Banco BTG Pactual (BPAC3.SA), Andre Esteves.

Musk will meet Brazil’s far-right president just days after he said on Twitter that he could no longer support Democrats “and will vote Republican”.

Bolsonaro, who celebrated Twitter announcing his acceptance of Musk’s initial offer for the company, has been trying to lure Tesla to Brazil for years.

In 2020, his son, Congressman Eduardo Bolsonaro, said he met with the former charge d’affaires of the US Embassy in Brasilia, William Popp, to discuss a plan to induce the automaker to build a factory in the country. Shortly after, Bolsonaro said he wanted to visit a Tesla factory during a visit to the United States.

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Reporting by Peter Frontini; Editing by Bradley Perrett

Our standards: The Thomson Reuters Trust Principles.

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