Tesla plans to add 6000 jobs in Mexico, eyeing more investments

Image: Reuters

Tesla is developing its first Mexican auto factory and wants to invest up to $5 billion. According to officials, this will create up to 6,000 jobs in Mexico.

Tesla CEO Elon Musk is slated to address the company’s plans for its Mexican facility on Investors Day on Wednesday. The Mexican government announced on Tuesday that the plant would be situated in the northern state of Nuevo Leon.

In a recent statement, Mexican President Andres Manuel Lopez Obrador said, Musk is interested in investing more in Mexico. This is based on the government’s plans to develop the Isthmus of Tehuantepec in southern Mexico.

Lopez Obrador stated at a press conference that he had extended an invitation to Musk and that he hoped the Tesla CEO would travel to the northern state of Sonora to observe the construction of a massive solar energy park and to learn about the government’s efforts to establish state-run lithium production.

I told him that lithium was a national resource, but that does not prevent us from reaching an agreement.

Tesla’s choice to develop in Nuevo Leon, according to Deputy Foreign Minister Martha Delgado, was influenced by the state’s proximity to Texas and the company’s headquarters in Austin.

“The expected travel time is six hours. This degree of familiarity was advantageous for both of them.” She disclosed her discovery on Mexican television.

Create 6,000 new jobs

She also said that the factory would employ between 5,000 and 6,000 workers. This is a little lower when compared to the people working in other Tesla factories. Other operations are said to employ as much as 10,000 people.

Delgado said that the company has also investigated prospective electric battery production sites in the states of Hidalgo, Queretaro, and Puebla in Mexico’s central region.

She said that we are partnering with them on an investment portfolio.

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