Tesla may start producing electric cars in Mexico next year: Report
Hindustan TimesTesla Inc could begin producing its first cars in Mexico next year, with the electric vehicle maker close to receiving its final permits allowing factory construction to begin in Nuevo Leon near the U.S.-Mexico border, the state's governor said on Monday. Tesla Chief Executive Elon Musk announced the investment last week, saying the Austin, Texas-based company had selected Mexico for its next "gigafactory" with plans to produce a "next gen vehicle." Garcia said the investment would act as an "anchor" attracting Tesla suppliers, and that the green light given to Tesla by Mexican President Andres Manuel Lopez Obrador - after the latter had expressed concerns over scarcity of water - sent a positive signal to other potential investors. "It's like a kind of guide, that when they want to come set up here, it's very important they follow the law," he said, noting he had sent Lopez Obrador technical memos about the state's industrial water supply.