Tesla is preparing to build what it claims is the world’s largest electric vehicle (EV) facility in Mexico. With a reported investment of $5 billion — and could eventually even reach $10 billion — the facility will be home to the next generation of Tesla electric vehicles, and the hiring process has now officially begun.
The planned Tesla factory will be built near Monterrey, Mexico, which local authorities claim will be the largest of its kind once all construction is complete. Tesla has yet to officially comment on the Gigafactory here, but Bloomberg reported citing job postings posted in recent days that the U.S. electric car giant is looking for management consultants, construction safety managers, financial analysts and logistics experts.
The northern Mexican state of Nuevo Leon will be the site of an upcoming Tesla factory, which is believed to end up near the U.S.-Mexico border. Nuevo Leon governor Samuel García has confirmed some details, and it is he who said the final investment could reach $10 billion. While it would be a shot in the arm for the Mexican economy and create thousands of jobs for its people, Tesla will likely benefit from avoiding supply chain-related problems that have plagued many automakers before. business, especially during a pandemic.
Tesla is also looking at ramping up production and diversifying its products. CEO Elon Musk recently talked up a small electric car that would cost less than a Tesla Model 3 and cost about $25,000 to manufacture. Then there’s the Tesla Cybertruck, which is expected to hit production lines later this year after numerous delays. Meanwhile, the company has announced multiple price cuts for its existing EVs in several key markets, including the U.S. and China.
First published date: Mar 10, 2023, 10:24 AM CST