Tesla is planning to build a new factory in Mexico, joining other carmakers bulking up their presence south of the US border.
Reuters reported the newest Tesla factory represented an initial $1bn investment, which could grow to be $10bn over time. Martha Delgado, a Mexican deputy foreign minister, told Milenio Television the investment was worth "in excess of $5 billion" and that the factory would produce about one million vehicles per year.
The company has made commitments to use recycled water throughout the plant, at all stages of production. Mexico’s president thanked Musk for understanding the importance of “addressing the problem of water scarcity”.
Reuters reported the newest Tesla factory represented an initial $1bn investment, which could grow to be $10bn over time. Martha Delgado, a Mexican deputy foreign minister, told Milenio Television the investment was worth "in excess of $5 billion" and that the factory would produce about one million vehicles per year.
The company has made commitments to use recycled water throughout the plant, at all stages of production. Mexico’s president thanked Musk for understanding the importance of “addressing the problem of water scarcity”.
