The news of Tesla‘s next Gigafactory location has been highly anticipated for months, and now Tesla CEO Elon Musk has officially announced that it will be built in Mexico near Monterrey. The factory, estimated to cost $5 billion, will be the North American hub of Tesla‘s next-generation vehicle production.
The concept design of Gigafactory Mexico follows the same design pattern as other Tesla Gigafactories, with a clear easter egg in the form of the tagline “Manufacturing Next-Gen Vehicle”. This could be referring to a highly-anticipated Tesla hatchback that’s smaller and more affordable.
Tesla‘s leaders have also assured investors that the factory won’t be taking any production load away from its factories in Fremont, California and Austin, Texas, but rather will be used to supplement and expand global production.
Tesla‘s shares fell following the event as many analysts and shareholders were hoping for more specific details about the new Car design. However, the news of the Giga Mexico factory is a positive step forward for Tesla‘s future and the development of its next-generation vehicles.
The new Giga Mexico factory will be a critical part of the next step in Tesla‘s evolution. It will no doubt bring more jobs to the region, and will be an important part of the company’s mission to produce environmentally friendly and affordable vehicles.
In addition to the Giga Mexico factory, Tesla is also building Gigafactories in Berlin, Germany and Austin, Texas. These facilities will be instrumental in Tesla‘s mission to make Electric vehicles more accessible to a wider range of people.
Tesla‘s Gigafactories are a massive undertaking, and are a testament to the company’s commitment to the environment and its mission to make Electric vehicles more affordable and accessible. With the addition of the Giga Mexico factory, Tesla is taking another huge step forward in its quest to revolutionize the auto industry.