Tesla Giga Mexico Construction May Start This March, New EVs Next Year

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Tesla Giga Mexico Construction May Start This March, New EVs Next Year
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Tesla Giga Mexico Construction May Start This March, New EVs Next Year via insideevs.com

"They are waiting for the final permits ... once that's done, they can start, hopefully this very month, in March."Tesla Giga Mexico To Be Two Times Bigger Than Giga Texas?

Not only does Tesla plan to break records by building the factory in a matter of months and moving to EV production in less than a year, but also to produce the largest electric vehicle factory on the planet. Mexican officials have shared that Giga Mexico will sit on an enormous plot of land and require an investment of some $5 billion. In addition to building EVs, the plant may also eventually add batteries and computer chips.

Mexican President Andres Manuel Lopez Obrador's approval of the Tesla factory also opens the door for Tesla's suppliers and other related companies to consider Mexico. Moreover, it strikes a positive note for potential investors.

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