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Musk's Stalling Leads Mexico to Second-Guess Massive Tesla Factory
Posted
December 15, 2023
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0:51Now PlayingThere’s a great big void in the northern Mexico desert where Elon Musk said early this year Tesla Inc. would build its next massive car plant. Locals who were ebullient only months ago now are tempering expectations.
Construction of the Nuevo Leon factory, which had been slated to make Tesla’s cheaper next-generation vehicles, is delayed due to Musk’s misgivings about the global economy. Other problems, including permitting delays and a dearth of infrastructure, also have plagued the process.
Mexico has sought to allay concerns that the plant might be canceled. This week, the state government approved $153 million in incentives for basic infrastructure such as roads and water treatment, as well as a reduction in payroll tax. Days earlier, the nation’s environmental regulator granted Tesla a land-use permit.
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