Tesla CEO Elon Musk Highlights Concerns About Economy, Interest Rates As It Holds Back On Giga Mexico
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is delaying its gigafactory plans in Mexico due to concerns about high-interest rates and the global economy. CEO Elon Musk stated that the company is not backtracking on its plans for a factory in Mexico, but the timing is uncertain. Tesla announced its new gigafactory in Mexico earlier this year in March.
October 19, 2023 | 7:36 am
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Tesla's decision to delay its gigafactory plans in Mexico due to high-interest rates and global economic concerns could potentially impact its production capabilities and future growth. However, the company remains committed to the project.
The delay in Tesla's gigafactory plans in Mexico could potentially slow down the company's production capabilities and future growth. However, the company's commitment to the project indicates that it still sees value in the venture. The high-interest rates and global economic concerns that led to the delay could also impact other aspects of Tesla's operations.
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