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Tesla has reportedly purchased land in Leon, Mexico and is rumored to be planning to build a new Giga Factory in the area. This news comes after CEO Elon Musk was spotted visiting the city a few months ago, where he was seen meeting with the Undersecretary of Investment of the State Economy.

The new Giga Factory is expected to be located near the municipality of Santa Catarina and will be used to produce Tesla’s electric vehicles and batteries. The plant is expected to bring significant economic benefits to the region, including job creation and increased investment. It is rumered that the new Giga Factory will produce Tesla Semi trucks.

It is unclear at this time exactly when the new Giga Factory will be built and when production is expected to begin. However, sources close to the situation have indicated that an official announcement is expected to be made in early 2023.

If the rumors are true, this will be Tesla’s sixth Giga Factory, joining the existing facilities in Nevada, New York, Shanghai, Berlin, and Texas. The additional production capacity will be a welcome boost for the company, which has seen increasing demand for its electric vehicles in recent years.

As always, Tesla has not commented on the rumors, and it remains to be seen whether the company will confirm the plans for a new Giga Factory in Mexico. Regardless, the news has already sparked excitement among fans and investors alike, and many are eagerly anticipating an official announcement from Tesla in the coming months.

Update: A Bloomberg article claims that an announcement is expected regarding the factory as soon as next week.

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Net Worth 🥈

~198.4 Billions

As of: 2024-05-04 08:12

Recently Updated