Tesla CEO Elon Musk said the company’s Gigafactory Mexico project is facing pressure from interest rates and the global economy.
During the company’s third-quarter earnings call with analysts Wednesday, Musk said the company is currently laying the groundwork for construction of the factory near Monterrey, Mexico.
In March, Tesla (NASDAQ: TSLA) announced plans to build a $5 billion assembly plant near Monterrey, where the company will produce a new line of electric vehicles. Musk previously said...
https://www.freightwaves.com/news/teslas-electric-vehicle-factory-in-mexico-could-be-delayed