Tesla Reportedly Nearing Groundbreaking For Mexico Gigafactory, Video Provides Sneak Peek Into New Developments
Portfolio Pulse from Benzinga Neuro
A video showing construction machinery near the site of Tesla's Gigafactory Mexico suggests that groundwork may have begun, despite delays due to permit acquisition. The factory, located just outside Monterrey, Nuevo León, is crucial to Tesla's goal of producing 20 million vehicles by the end of the decade. The factory will produce Tesla’s next-generation vehicles, including a cheaper electric hatchback and its Robotaxi vehicle.

August 11, 2023 | 7:56 am
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The commencement of construction at Tesla's Gigafactory Mexico could be a positive sign for the company's production goals. The factory is key to Tesla's aim of producing 20 million vehicles by the end of the decade.
The commencement of construction at the Gigafactory Mexico indicates progress towards Tesla's production goals. This could potentially boost investor confidence in the company's ability to meet its targets, thereby positively impacting the stock price.
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