Elon Musk postpones his plans for a Tesla plant in Mexico until after the US elections

Category: Business

Elon Musk announced Tesla will pause its investment in a new plant in Mexico due to political risks associated with potential tariffs from Republican candidate Donald Trump. Musk emphasized the need to wait until after the U.S. presidential election to assess the situation. Despite the investment pause, Musk publicly endorsed Trump and expressed support for his campaign. The construction of the Mexico Gigafactory has faced delays since its announcement in March 2023, exacerbated by high interest rates.

Keywords: Elon Musk, Tesla, Mexico plant

Source: Voz Media

Update At: 7/24/2024

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