Unending ambition: Elon Musk ‘again’ announced a ‘new home’ for Tesla and promised 8 years later to ‘revenge’ selling 20 million electric cars
- Tram Ho
Tesla is finalizing plans to build a “brand new” electric vehicle assembly facility in an industrial park in northeastern Mexico. Information about the plant is likely to be announced as early as next week.
The plant will be located at Santa Catarina in Monterrey, the capital of Nuevo Leon state, according to insiders. The final details of the plan are being discussed by Tesla, the state government and the Mexican Ministry of Foreign Affairs.
Tesla CEO Elon Musk visited Nuevo Leon in October and met with officials there. Tesla’s relationship with the state government has helped the company get a separate lane at a checkpoint on the border between Mexico and the US. This is considered a great privilege.
The facility will be Tesla’s first factory built in the southern part of the North American continent. It represents part of an effort to expand global production – Musk’s ambition. Previous extensive factories were built in Austin, Texas, Berlin and Shanghai.
Tesla has long considered building another factory on the continent. Musk once told shareholders that a final decision would be made before the end of the year. Now this has come true.
The announcement to build a factory in Mexico comes just days after Mexico and Canada won a trade dispute with the US.
Cars made by Mexico and Canada will be exported to the US and receive subsidies under the new Inflation Reduction Act that the US has introduced to promote the use of electric vehicles as well as production and business activities in the country. flower flag. This gives car brands in countries outside the US more incentive to produce.
It is not clear what models Tesla will produce at the plant in Mexico or when production will begin. Those details could be announced in the coming days, one resident said.
Tesla’s new headquarters could be located in Nuevo Leon’s car-producing economic corridor. This place is home to the factories of General Motors Co., Kia Motors and a branch of the Korean Hyundai Kia automobile group. Ford Motor Co. also built its electric Mustang Mach-E in Cuautitlan, near Mexico City.
Musk has set an ambitious goal of selling 20 million electric vehicles a year by 2030. This would make Tesla twice as large as any other automaker and account for 20% of auto production. global auto.
A 13-fold increase in sales of the 1.5 million vehicles Tesla expects to sell in 2022 will lead to an unprecedented increase in production costs, reaching hundreds of billions of dollars.
In particular, it is not known where this ambition of Elon Musk will go if the business situation is still “difficult” as it is now. According to statistics, in the first three quarters of 2022, Tesla only produced 929,910 electric cars and had to reduce the price of its entire car line in China, with a reduction from about 5% to more than 9%. The company is also struggling to produce large battery packs at its plant in Austin, Texas. So the number of 20 million electric vehicles by 2030 will be a mystery in the future.
Source : Genk