Tesla Heads South of the Border With Confirmed Mexico Gigafactory
Tesla just wrapped its annual Investor Day, where the automaker invites fans and shareholders to hear it brag about its accomplishments and future products. At yesterday’s event, Tesla confirmed the poorly-held secret that a Gigafactory is coming to Mexico.
Rumors have been floating for a while, and the Mexican president confirmed the suspicions before Investor Day, but the automaker finally confirmed the factory. No timeline was shared, and we don’t have much information on the products Tesla plans to build at the site, but there are a few exciting details.
To streamline transportation and logistics, Tesla negotiated with the Mexican state of Nuevo Leon to have a dedicated border crossing between the U.S. and Mexico. The automaker shared an image of the crossing site in Texas that shows a “Tesla” lane among the lanes for cars and trucks.
Tesla has been able to get its previous Gigafactories off the ground quickly, so the Mexican plant is expected to move rapidly once the regulatory and financial dust settles. Once complete, Tesla said the factory would be the largest EV manufacturing facility in the world, and it should significantly boost Tesla’s two-million-vehicle annual production capacity. The project will bring 6,000 jobs to the region, and Tesla noted that it could make additional investments in battery manufacturing in central Mexico.
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Tesla's new plants will be smaller (footprint). Which is interesting (to me).
Ironic, both Trumpty Dumpty and Dementia Joe had a "Buy America" plan. Must mean "Buy Americas".
Man, that's one HUGE building!