Mexican President Andres Manuel Lopez Obrador confirmed on Tuesday that the country’s northern city of Monterrey, Nuevo León, will be home to a new Tesla plant. The deal between the automaker and the Mexican government comes after many months of speculation. More details will be announced later this week.
Back in October of 2022, Elon Musk was seen in Monterrey alongside other high-level Tesla executives as well as the US ambassador to Mexico. Mexican state officials were also present so it seemed likely that a future Tesla factory could be the subject at hand.
Just last week though, Mexican President Andres Manuel Lopez Obrador voiced concerns about water scarcity in the region and signaled that he might block a Tesla factory over those concerns. Instead, the President wanted Musk to build the factory near a new business hub in Mexico City. His concerns were addressed during a phone call with Musk on Monday, says Bloomberg.
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