Tesla plans to create up to 6,000 positions at its first Mexican auto plant and is weighing producing batteries in the center of Mexico as it eyes additional investment, Reuters’ Daina Beth Solomon, Brendan O’Boyle, and Valentine Hilaire report, citing senior Mexican officials. The country’s government said yesterday that the car maker had selected the northern state of Nuevo Leon for a first Mexican factory worth over $5B, the authors say. "(Musk) is interested in investing more in Mexico," Mexican President Andres Manuel Lopez Obrador said. Reference Link
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on TSLA: