Mexican president claims Tesla will make a new plant in Mexico

Mexican president claims Tesla will make a new plant in Mexico


Pedestrians walk earlier the Tesla Motors formal authorized motor vehicle dealer retailer in Hong Kong.

Sopa Illustrations or photos | Lightrocket | Getty Images

Tesla will make a new plant in Monterrey, Mexico, and adhere to a collection of commitments to handle drinking water shortage, the nation’s president introduced at a press conference Tuesday.

President Andrés Manuel López Obrador, or AMLO, as he is identified, claimed Tesla agreed to use recycled drinking water at the plant all over the full car or truck producing system, even down to the cars’ paint. He stated the company will reveal additional facts about the new plant throughout its Trader Working day celebration Wednesday.

AMLO mentioned he spoke to Tesla CEO Elon Musk on Friday and Monday.

“He was very responsive— comprehension our worries and accepting our proposals,” AMLO mentioned. CNBC translated the president’s remarks from Spanish to English.

AMLO reported the plant will be a considerable financial commitment, and that it will result in “many, lots of positions.”

Monterrey is an industrial metropolis near the U.S.-Mexico border, and it has lengthy been thought of a frontrunner for investment decision from Tesla. The company at the moment has two other car vegetation exterior of the U.S. positioned in China and Germany.

“I want to thank Mr. Elon Musk, who was quite respectful and recognized the great importance of addressing the problem of water scarcity,” AMLO claimed.

Tesla’s Investor Working day will be reside-streamed on Twitter and YouTube from Texas Wednesday.



Resource

Nvidia embraces role of AI investor, pushing past  billion in equity bets this year
Technology

Nvidia embraces role of AI investor, pushing past $40 billion in equity bets this year

Nvidia founder and CEO, Jensen Huang, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. Patrick T. Fallon | AFP | Getty Images Nvidia stepped on the gas last year, putting cash into companies up and down the AI infrastructure stack and helping […]

Read More
Jim Cramer says ‘it’s not to late’ to own AI winners powering the market
Technology

Jim Cramer says ‘it’s not to late’ to own AI winners powering the market

CNBC’s Jim Cramer said the market continues to be driven overwhelmingly by enthusiasm around semiconductors and data center stocks, and next week will test whether investors keep rewarding nearly any positive AI-related development. “This market keeps going up and up on the same old stuff: news about semiconductors, even old news about semiconductors, retreaded news […]

Read More
Intel shares soar on Apple chip deal report. Here’s why it signals a total pivot for chipmaking
Technology

Intel shares soar on Apple chip deal report. Here’s why it signals a total pivot for chipmaking

Apple and Intel are reportedly closing in on a deal that would see Intel make some of the chips for the iPhone maker’s devices, marking a major shift in the chipmaking landscape. Talks between the two companies have been brewing for more than a year, with a preliminary agreement reached in recent months, the Wall […]

Read More