Tesla to build new Gigafactory in Mexico

Elon Musk has chosen Mexico as the location for the next Tesla Gigafactory and will unveil more details during the company’s investor day.

Mexico President Andres Manuel Lopez Obrador said that Tesla agreed to utilize recycled water throughout the manufacturing process at its Monterrey factory.

“He (Musk) was very responsive, understanding our concerns and accepting our proposals,” said the President.

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Musk is set to unveil the long-awaited and widely rumored ‘Master Plan 3’ on March 1 (US time) at the company’s Gigafactory Texas outside Austin, Texas, according to TechCrunch.

Tesla operates numerous plants in the United States, including one in Fremont, California.

The manufacturer of electric cars also has plants close to Shanghai and Berlin.

Mexico is home to automobile assembly facilities for American manufacturers Ford and GM, German automaker Volkswagen, and Japanese firms Honda, Nissan, and Toyota.

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In Monterrey, there are plants for GM, Kia, and Stellantis.

The Mexican President was cited as stating, “I want to thank Elon Musk, who was very respectful and understood the importance of addressing the problem of water scarcity.”

In December 2022, Musk allegedly visited three states in Mexico. It was claimed locally that the manufacturer intends an initial expenditure of $800 million to $1 billion.

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