Tesla’s Investor Day set the stage for the automaker’s manufacturing future in Mexico.
Tesla’s sixth Gigafactory will be just south of the Texas border in the Mexican state of Nuevo León. Tesla CEO Elon Musk announced the new Monterrey Gigafactory at the company’s Investor Day event in Austin, Texas.Tesla CEO Elon Musk announced on Wednesday that the company will build its next Gigafactory in Mexico.
the project will be built in the city of Monterrey, which is about 387 miles away from Tesla’s headquarters in Austin. The announcement confirms earlier reporting that Tesla was planning its sixth Gigafactory in Mexico. Musk hadreported the company would announce an initial investment of $800 million to $1 billion. Reportedly it is expected to cost $10 billion at full maturity.
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