Tesla Plans Gigafactory in First Mexico Investment

Tesla Plans Gigafactory in First Mexico Investment
The logo of Tesla at a Tesla Supercharger station in Dietikon, Switzerland, on Oct. 21, 2020. Arnd Wiegmann/Reuters
Reuters
Updated:

MEXICO CITY—Tesla will open a gigafactory in Mexico, Chief Executive Elon Musk said on Wednesday, as the electric vehicle behemoth pushes to expand its global output.

Mexico on Tuesday said Tesla had chosen the northern border state of Nuevo Leon for a new factory worth more than $5 billion, calling it the “the biggest electric vehicle plant in the world.”