Tesla could begin producing autos in Mexico next year -Mexican official

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Tesla could begin producing autos in Mexico next year -Mexican official
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MEXICO CITY : Tesla Inc could begin producing its first cars in Mexico next year, with the electric vehicle maker close to receiving its final permits allowing factory construction to begin in Nuevo Leon near the U.S.-Mexico border, the state's governor said on Monday.'They are waiting for the final permi

MEXICO CITY : Tesla Inc could begin producing its first cars in Mexico next year, with the electric vehicle maker close to receiving its final permits allowing factory construction to begin in Nuevo Leon near the U.S.-Mexico border, the state's governor said on Monday.

Tesla Chief Executive Elon Musk announced the investment last week, saying the Austin, Texas-based company had selected Mexico for its next"gigafactory" with plans to produce a"next gen vehicle." Subsequent phases of the plant could involve making components such as chips and batteries, Garcia said.The site in Santa Catarina, next to the state capital of Monterrey, spans several thousand acres, the local mayor said last week.

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