Tesla Gigafactory Mexico and its future are completely in limbo now that President-Elect Donald Trump defeated Kamala Harris within the Presidential Election.
Nevertheless, the nation’s financial system chief, Marcelo Ebrard, continues to be hopeful he can strike a take care of CEO Elon Musk, whom he plans to satisfy with quickly.
Ebrard spoke on native radio in Mexico on Thursday and mentioned he’ll attempt to meet with Musk quickly. The assembly ought to deliver extra readability to the scenario now that the election has ended.
Tesla deliberate to try the manufacturing facility after the election, and it stays unclear if the automaker continues to be planning on constructing.
Musk mentioned through the Q3 2023 Earnings Name that Tesla would “undoubtedly” construct Giga Mexico. It was simply involved concerning the excessive rate of interest atmosphere on the time:
“No, we’re undoubtedly making the manufacturing facility in Mexico. We really feel superb about that. We put a whole lot of effort into taking a look at totally different areas, and we really feel superb about that location, and we’re going to construct a manufacturing facility there. And it’s going to be nice.”
Nevertheless, Trump says he’ll impose tariffs of 200 % on autos imported from Mexico, which might doubtlessly be a problem for Tesla and would possibly intrude with the purpose of the plant.
Musk mentioned earlier this 12 months:
“We’re presently on pause on Giga Mexico. I feel we have to see simply the place issues stand after the election…Trump has mentioned that he’ll put heavy tariffs on autos produced in Mexico, so it doesn’t make sense to speculate so much in Mexico if that’s going to be the case. So we’ll sort of must see how issues play out politically.”
Tesla would probably not use the manufacturing facility for under Mexico and South America. It might enhance manufacturing for america and help deliveries, as properly.
So this makes issues troublesome, and justifying a brand new manufacturing facility could be a tough argument to make.
In July, Mexico mentioned Tesla by no means registered an important funding utility for the manufacturing facility. Raquel Buenrostro, the Secretary of the Financial system, mentioned Tesla had not put any official documentation collectively that it could be constructing a plant there. Tesla had made official bulletins confirming its intention to construct.
Now that the election has ended, Tesla’s plans might need modified.
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