Tesla Will Build Cheaper, Next-Gen Electric Cars In Texas, Not Mexico: Report
Portfolio Pulse from Benzinga Neuro
Tesla Inc. (NASDAQ:TSLA) has changed its plans to manufacture its next-generation electric vehicles in Texas instead of Mexico. The decision was made due to the logistical impracticality of moving Tesla engineering to Mexico. The new plan involves building the next-generation cars and robotaxis in Austin, Texas first. These vehicles are crucial to Tesla's goal of manufacturing 20 million vehicles annually by 2030.
September 12, 2023 | 6:34 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tesla's decision to shift its next-generation electric vehicle manufacturing to Texas could potentially streamline its production process and help it reach its ambitious goal of producing 20 million vehicles annually by 2030.
The shift in manufacturing location from Mexico to Texas could potentially streamline Tesla's production process by avoiding the logistical challenges of moving its engineering to Mexico. This could help Tesla reach its ambitious goal of producing 20 million vehicles annually by 2030, which would likely have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100