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Elon Musk plans to build the next Tesla factory in Mexico

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Elon Musk has selected Mexico as the location for the next Tesla Gigafactory and will reveal more details during the company’s investor day.

Mexican President Andres Manuel Lopez Obrador stated that Tesla agreed to use recycled water throughout the manufacturing process at its Monterrey plant.

“He (Musk) was very responsive, understanding our concerns and accepting our proposals,” said the President.

Musk is expected to unveil the long-awaited and frequently teased ‘Master Plan 3’ on March 1 (US time) at the company’s Gigafactory Texas near Austin, Texas, according to TechCrunch.

Tesla operates several factories in the United States, including one in Fremont, California.

The electric vehicle manufacturer also has plants in Berlin and Shanghai.

Ford and GM of the United States, Volkswagen of Germany, and Honda, Nissan, and Toyota of Japan all have vehicle assembly plants in Mexico.

Monterrey is home to factories for GM, Kia, and Stellantis.

“I want to thank Elon Musk, who was very respectful and understood the importance of addressing the problem of water scarcity,” the Mexican President was quoted as saying in reports.

In December 2022, Musk was rumoured to be touring three Mexican states. According to local reports, the automaker intends to make an initial investment of $800 million to $1 billion.