[Mr. Roboto]

Tesla is reportedly planning on building a new factory in Mexico and they're expected to announce it tomorrow during their Investor Day.

Tesla to build new factory in Mexico

Elon Musk's electric car company joins other firms investing south of the US border.

www.bbc.com

Tesla is planning to build a new factory in Mexico, joining other carmakers bulking up their presence south of the US border.

Mexico President Andres Manuel Lopez Obrador said the plant for the electric car firm would be in Monterrey, which is about a nine-hour drive from Texas.

Tesla is expected to share more in presentation to investors on Wednesday.

Mexico had previously raised concerns about how water demands from the factory might affect the region.

 

[Mr. Roboto]

Tesla has confirmed that they're going to be building a Gigafactory in Monterrey Mexico.

https://twitter.com/i/web/status/1631087437723172868

Tesla confirms its next Gigafactory will be in Mexico

Tesla’s Investor Day set the stage for the automaker’s manufacturing future in Mexico.

www.theverge.com

Tesla CEO Elon Musk has announced that the company is building its next Gigafactory in Mexico, where it will build a next-generation vehicle. The news came during the live Q&A sessions after Tesla’s Investor Day event, where it announced its Master Plan part three.

During the event, Musk revealed that the facility will be built in the Mexican state of Nuevo León, which shares a small border with Texas — home of Tesla’s Austin Gigafactory. Yesterday, Mexican President Andres Manuel Lopez Obrador confirmed the project will be built in the city of Monterrey, which is about 387 miles away from Tesla’s headquarters in Austin.

Tesla tweeted the announcement of its sixth Gigafactory, currently titled “Gigafactory Mexico.” The other Gigafactories are located in Nevada, Texas, New York, Shanghai, and Berlin.

Tesla also confirms the new location will be manufacturing a next-gen vehicle, one that Musk and others onstage wouldn’t talk in detail about at the Investor Day event. Musk even shut down questions about it after the event. “We will have a proper product event, but we’ll be jumping the gun if we’re to answer your questions,” Musk said.

The announcement confirms earlier reporting that Tesla was planning its sixth Gigafactory in Mexico. Musk had reportedly toured three Mexican states in December before settling on Nuevo León. At the time, local newspaper Reforma reported the company would announce an initial investment of $800 million to $1 billion. Reportedly, it is expected to cost $10 billion at full maturity.