Tesla CEO Elon Musk has called on investors to invest in Argentina giving thumbs up alongside the Argentina leader, Javier Milei whose free-market libertarian ideas are shaking up the country.
Musk and Milei on Monday spoke at the Milken Institute in Los Angeles. Just like he did at Davos, Milei gave a full-throated defense of capitalism.
In his words, “I recommend investing in Argentina”
“Free enterprise capitalism as an economic system is the best instrument that our species has known to end hunger, poverty and extreme poverty all around the world,” he said.
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Milei however gave a special mention of Musk and his desire to reach Mars “because we think that space exploration is part our destiny.”
Recall that Milei met Musk last month at a Tesla TSLA plant in Texas, where according to Argentina’s ambassador to the U.S. they discussed lithium. Argentina is estimated to have the world’s third-largest lithium reserves.
Milei is credited with bringing down inflation and generating its first quarterly government budget surplus since 2008, in free-market reforms that have triggered vigorous protests domestically.
The Global X MSCI Argentina ETF ARGT has surged 23% this year.
