Elon Musk To Ditch Tesla Gigafactory In Mexico After Trump's Win? Economy Minister Wants 'A Meeting'
Tesla(TSLA) Benzinga·2024-11-09 05:49
Donald Trump‘s winning the 2024 presidential election is expected to have a negative impact on the electric vehicle sector.Tesla Inc TSLA could benefit from CEO Elon Musk's close relationship with the president-elect. However, the company’s plan to build a Gigafactory in Mexico could be at stake.What Happened: Tesla reportedly plans to build a gigafactory in Mexico. The facility could produce sub-$30,000 vehicles, Model Y units, batteries and the Cybertruck.Tesla hasn't confirmed its plans in Mexico. Still, ...