Tesla invests $5 billion in its ‘world’s largest factory’ in Mexico


Elon Musk’s group saw its turnover increase by 37% in the last months of 2022. Aly Song/REUTERS

The Mexican government welcomes this massive investment and salutes the “very respectful and very attentive” character of Elon Musk, boss of Tesla.

The world champion of electric vehicles, the American Tesla, company of Elon Musk, will invest in Mexico “more or less five billion dollars” in his “biggest factoryto the world, a member of the Mexican government said Tuesday evening. “We have attracted an investment of more or less five billion dollars to Mexico for the installation of the largest electric vehicle factory in the world,” Foreign Relations Undersecretary Martha Delgado tweeted.

I’m going to Austin, Texas, to attend the announcement that Tesla CEO Elon Musk will make on their investments in 2023“, added Martha Delgado, in a text accompanying the video where she makes her brief statement from the Mexico City airport. Earlier in the day, the President of the Republic Andres Manuel Lopez Obrador announced that Tesla would open a factory in Monterrey, in the north of the country, just over 200 km from the border with the United States.

This is going to mean a huge investment and lots and lots of jobs“said Andres Manuel Lopez Obrador, adding that the company would give more details from Wednesday, in particular on the question of the management of water in its manufacturing processes. “I want to thank Mr. Elon Musk because he was very respectful and very attentive. He understood the importance of taking into account the problem of water shortage“, Continued the president of nationalist left, specifying to have discussed twice with the CEO of Tesla.



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