Tesla close to announcing a Mexico EV plant compliant with IRA tax credits: report

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Tesla close to announcing a Mexico EV plant compliant with IRA tax credits: report
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Tesla is close to announcing an electric vehicle assembly plant in northeastern Mexico, Bloomberg News reported late Friday.

Tesla Inc. is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce the factory as early as this week, Bloomberg News reported late Friday.

Final... Tesla Inc. is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce the factory as early as this week, Bloomberg News reported late Friday. Final details are still being ironed out and it’s not yet clear which models would be made there. Talks with the company have involved both the state government and Mexico’s foreign relations ministry, Bloomberg News said.President Biden’s EV-heavy Inflation Reduction Act will change the landscape for purchase incentives when it kicks in for the new year. Among other qualifications applied to manufacturers and consumers, an emphasis was put on North American EV parts and assembly.

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