Tesla will build its next Gigafactory in Mexico

Tesla’s Investor Day isn’t here yet, but we may already know one of the company’s biggest announcements. According to Mexican President Andrés Manuel López Obrador, Elon Musk has promised to build the automaker’s next gigafactory in northern Mexico – specifically in Monterrey, the capital of the northern state of Nuevo Leon. It’s a deal that’s been in the works for a long time: Late last year, Musk visited Nuevo Leon to meet with the region’s Governor.

However, there are some questions about whether Tesla will get permission to build in the area – after Monterrey suffered a severe water shortage in 2022, President López Obrador said the government would not issue permits for those water-starved factory. After a series of phone calls with Elon Musk, Tesla was granted an exception. “There is a commitment that all the water used to make electric cars will be recycled water,” López Obrador said of the call, adding that the factory would also represent “a huge investment and many, many jobs.”

Like what does Tesla plan to build in Monterrey, Mexico? We’ll have to wait a day to find out. The President of Mexico is not clear what exactly the new factory will do, although it should be noted that Tesla has already announced a major expansion of its facility in Reno, Nevada, where it invested $ 3.6 billion to build a battery and mass products factory. the Telsa Semi truck. López Obrador noted that we can expect to hear more details on Wednesday, March 1st – and hey, that’s Tesla Investor day.

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