BusinessPostCorner.com
No Result
View All Result
Saturday, July 18, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Tesla asked to start construction of Mexican factory

February 24, 2024
in Business
Reading Time: 2 mins read
A A
0
Tesla asked to start construction of Mexican factory
ShareShareShareShareShare

Nuevo Leon Governor Samuel Garcia has asked Tesla Inc. to announce the start of construction soon of its planned factory in the Mexican state, national newspaper El Financiero reported.

“I asked Tesla to come by in March at the latest to make an announcement around laying the first stone and they didn’t tell me no,” Garcia said Saturday during the inauguration of a recreational project in the area of the La Huasteca ecological park in Santa Catarina, where Tesla plans to build its factory.

Read more: Elon Musk says Rivian needs to ‘cut costs massively’ and its execs should ‘live in the factory’ for the struggling Tesla rival to survive

“I hope that very soon, in less than a month, the company will come,” he said.

Construction of the Nuevo Leon factory, which had been slated to make Tesla’s cheaper next-generation vehicles, has been delayed due to Elon Musk’s misgivings about the global economy. Other problems, including permitting delays and a dearth of infrastructure, also have plagued the process.

Tesla plans to build a cheaper next-generation electric vehicle at the gigafactory, helped in part by $153 million in local government incentives. Musk requested last year that Nuevo Leon improve electricity, water and transportation in the region before it starts construction.

Musk said in October he wasn’t ready to go “full tilt” on the facility because of high interest rates. He also said that Tesla will produce its next-generation entry level vehicle in its Texas factory before its Mexican facility since the new plant won’t be ready in time.

Subscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. Sign up for free.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Jeep cuts prices and expands lineup after rough year

Next Post

Japan kicks in another $4.8 billion for TSMC plant

Next Post
Japan kicks in another .8 billion for TSMC plant

Japan kicks in another $4.8 billion for TSMC plant

New York becomes first US state to suspend data centre development

New York becomes first US state to suspend data centre development

July 14, 2026
Claude AI Model Fable 5 Predicts Bitcoin Price Target For 2026

Claude AI Model Fable 5 Predicts Bitcoin Price Target For 2026

July 14, 2026
Trump Media to sell fast feed of key posts to Wall Street

Trump Media to sell fast feed of key posts to Wall Street

July 16, 2026
Andy Burnham: Five headaches for the incoming prime minister

Andy Burnham: Five headaches for the incoming prime minister

July 17, 2026
Elon Musk Grok AI Predicts XRP Will Explode by End of 2026

Elon Musk Grok AI Predicts XRP Will Explode by End of 2026

July 11, 2026
British Steel taken into public ownership to protect ‘vital’ UK supply

British Steel taken into public ownership to protect ‘vital’ UK supply

July 16, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

After Supreme Court loss, Trump tests a new tariff strategy on Brazil and other countries may follow

After Supreme Court loss, Trump tests a new tariff strategy on Brazil and other countries may follow

July 17, 2026
Wall Street’s record profits boost NYC tax revenues

Wall Street’s record profits boost NYC tax revenues

July 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!