The Mexican president says that electric car company Tesla has committed to building a...
FILE - A sign bearing the Tesla company logo is displayed outside a Tesla store in Cherry Creek Mall in Denver, Colorado, Feb. 9, 2019.MEXICO CITY — Mexico's president announced Tuesday that electric car company Tesla has committed to building a major plant in the industrial hub of Monterrey in northern Mexico.
“There is one commitment that all the water used in the manufacture of electric automobiles will be recycled water,” López Obrador said. But the city suffered water shortages in 2022 that were so severe that many homes went weeks with intermittent or no water supply. The government is building a 60-mile pipeline to bring more water in from a dam.
López Obrador “could not turn this down. It would have had a very big political cost for him,” said Siller. “A subsidy like that, we cannot give subsidies like that,” the president said, adding “Mr. Musk was very attentive, respectful” of Mexico's position.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla investor looking to rein in Elon Musk drops his bid for board seatTesla investor looking to rein in Elon Musk drops his bid for a board seat, saying the EV maker's shareholders 'have been heard'
Read more »
Tesla Investor Day: Here's what you can expect from Elon Musk tomorrowWith conventional car makers catching up, Tesla is facing the heat in the EV market and now needs to unveil its strategy to stay ahead.
Read more »
Tesla, Elon Musk sued over stock losses due to self-driving risks: reportTesla and Elon Musk sued by shareholders over Autopilot safety risks after a $38 billion drop in market value, report says
Read more »
Tesla and Elon Musk sued by shareholders over self-driving safety risksThe plaintiffs argue the company concealed the potential for its self-driving technology to cause injury, resulting in several setbacks for its share price, per Reuters.
Read more »
Tesla And Elon Musk Sued Related To Misleading Self-Driving ClaimsThe class-action lawsuit suggests Musk and Tesla defrauded shareholders. The group believes Tesla hid the cause of fatal crashes to push its false narrative.
Read more »