Tesla may make a new cheaper car in Nuevo León, Mexico.
. The automaker may announce the new factory with an initial $800 million to $1 billion investment as early as Friday, local newspaperThe factory will cost Tesla as much as $10 billion after completion, including future expansions, according to the newspaper’s source. It could be Tesla’s most expensive Gigafactory yet.
By comparison, the company’s Gigafactory in BerlinIf the new project moves forward, it will be located just outside the city of Monterrey and will initially be used to build components for current vehicles. Later, the plant could possibly be used to manufacture a new and cheaper Tesla model — something that CEO Elon Musksource, Musk met with Nuevo León Governor Samuel García and US ambassador to Mexico Ken Salazar in October.
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Tesla may announce $800 mln to $1 bln in Mexico plant in coming days - reportElectric carmaker Tesla could announce the construction of a 'Gigafactory' in the northern Mexican state of Nuevo Leon as soon as Friday, with an initial investment of between $800 million and $1 billion, local newspaper Reforma reported Monday.
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