HOW WOULD A NEW TESLA PLANT IN MEXICO HELP THE COMPANY EXPAND ITS BUSINESS?
January 22nd, 2023
Tesla, currently facing competitors developing more affordable electric vehicle (EV) models, could expand business and maintain its leadership in the North American and European market by opening a new plant in northern Mexico, say analysts. In this way, Tesla could leverage Mexico’s lower labor, utility and property costs. The potential construction of a ‘Gigafactory’ in Nuevo León state, Mexico, south of Texas, by Tesla was first unveiled by Mexican newspaper Reforma (based in Mexico City) on December 19 (1). The initial investment could top USD10 ...
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