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Will Elon Musk scrap his plan to invest in a gigafactory in Mexico?

Spluk.ph by Spluk.ph
July 16, 2025
in Business & Economy
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Will Elon Musk scrap his plan to invest in a gigafactory in Mexico?
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Elon Musk likes to suppose large, from large rockets to blockbuster pay packets and big, if misguided, investments in social media. In Mexico’s case it was an funding, introduced in March 2023, in “the largest ev plant on this planet”. Tesla’s boss mentioned that he would spend $5bn to construct a “gigafactory” in Nuevo León, a state bordering the USA, that on completion in 2026 would churn out extra electrical autos (evs) than any of his present amenities in America, China and Germany. Nearly two years later, nonetheless, Tesla has but to interrupt floor. Why has the mercurial Mr Musk’s curiosity cooled?



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