Tesla Gigafactory Mexico and its future are completely in limbo now that President-Elect Donald Trump defeated Kamala Harris within the Presidential Election.
Nevertheless, the nation’s financial system chief, Marcelo Ebrard, continues to be hopeful he can strike a cope with CEO Elon Musk, whom he plans to fulfill with quickly.
Ebrard spoke on native radio in Mexico on Thursday and stated he’ll attempt to meet with Musk quickly. The assembly ought to deliver extra readability to the scenario now that the election has ended.
Tesla deliberate to try the manufacturing facility after the election, and it stays unclear if the automaker continues to be planning on constructing.
Musk stated throughout the Q3 2023 Earnings Name that Tesla would “positively” construct Giga Mexico. It was simply involved in regards to the excessive rate of interest setting on the time:
“No, we’re positively making the manufacturing facility in Mexico. We really feel excellent about that. We put plenty of effort into taking a look at totally different areas, and we really feel excellent about that location, and we’re going to construct a manufacturing facility there. And it’s going to be nice.”
Nevertheless, Trump says he’ll impose tariffs of 200 p.c on automobiles imported from Mexico, which might doubtlessly be a difficulty for Tesla and may intrude with the purpose of the plant.
Musk stated earlier this yr:
“We’re at the moment on pause on Giga Mexico. I feel we have to see simply the place issues stand after the election…Trump has stated that he’ll put heavy tariffs on automobiles produced in Mexico, so it doesn’t make sense to speculate so much in Mexico if that’s going to be the case. So we’ll form of must see how issues play out politically.”
Tesla would possible not use the manufacturing facility for under Mexico and South America. It could improve manufacturing for america and assist deliveries, as properly.
So this makes issues tough, and justifying a brand new manufacturing facility could be a tough argument to make.
In July, Mexico stated Tesla by no means registered an important funding software for the manufacturing facility. Raquel Buenrostro, the Secretary of the Financial system, stated Tesla had not put any official documentation collectively that it might be constructing a plant there. Tesla had made official bulletins confirming its intention to construct.
Now that the election has ended, Tesla’s plans might need modified.
Want equipment in your Tesla? Try the Teslarati Market:
Please e mail me with questions and feedback at [email protected]. I’d love to speak! You may as well attain me on Twitter @KlenderJoey, or you probably have information ideas, you’ll be able to e mail us at [email protected].
