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

Apple incoming CEO John Ternus faces a defining challenge: Fixing the company’s AI strategy
Technology

Apple incoming CEO John Ternus faces a defining challenge: Fixing the company’s AI strategy

John Ternus, senior vice president of hardware engineering at Apple Inc., during an Apple event in New York, US, on Wednesday, March 4, 2026. Adam Gray | Bloomberg | Getty Images Apple has maintained its dominance in consumer devices and built up a $4 trillion market cap despite largely sitting on the sidelines of the […]

Read More
Nvidia supplier Victory Giant sees shares soar 60% in Hong Kong debut
Technology

Nvidia supplier Victory Giant sees shares soar 60% in Hong Kong debut

Shares in Victory Giant Technology surged as much as 60% on Tuesday, after the Chinese company’s blockbuster initial public offering — the biggest in Hong Kong this year. The Chinese company, which supplies printed circuit board to Nvidia, priced its shares at 209.88 Hong Kong dollars in the IPO. Shares were last trading 46% higher at […]

Read More
Tim Cook reactions: Sam Altman, Palmer Luckey react to Apple CEO move
Technology

Tim Cook reactions: Sam Altman, Palmer Luckey react to Apple CEO move

Apple CEO Tim Cook holds an iPhone 17 pro and an iPhone air, as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. Sept. 9, 2025. Manuel Orbegozo | Reuters Apple announced on Monday that CEO Tim Cook will be replaced by John Ternus. Executives across the tech […]

Read More