Still details are being finalizedand in the conversations with the company both the state government as the Ministry of Foreign Affairs of Mexicoaccording to the report
It’s unclear which models Tesla would produce at the Mexican factory or when production would start, Bloomberg said. Details could be announced in the coming days.
Tesla did not immediately respond to a Reuters request for comment.
Tesla bets on Mexico and electric cars
Two people with knowledge of the matter told Reuters in October that Tesla’s chief executive, Elon MuskI was considering invest in the northern Mexican state of Nuevo Leónbordering Texas.
Musk held a meeting in the state with Nuevo Leon Gov. Samuel Garcia, along with other local officials, and Ken Salazar, the US ambassador to Mexico, one of the sources said.
Tesla Stock
Meanwhile, it was revealed on Wednesday that he sold other $3.6 billion in sharesbringing the total sold to close to $40 billion this year and frustrating investors, while Shares of the company are trading near two-year lows.
According to an American values statement, 22 million shares of the world’s most valuable automaker were sold in three daysfrom Monday to Wednesday.
The sale is the second major since it bought Twitter for $44 billion in October, despite saying in April it would no longer sell Tesla paper.
It’s unclear if the sales are related to the Twitter acquisition, but they’re irritating investors who perceive it as shifting attention and resources to Twitter over Tesla.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
