In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexico’s president about the carmaker’s plans for a plant in Monterrey that’s expected to make lower-cost EVs.
with analysts and investors at its Giga Austin plant. He didn’t provide specifics about the cost of the new facility and how many people it will employ, nor did he offer details about the vehicle it will make.
That remark may ease concerns that Tesla could eventually shift away from its production operations in Fremont, California. That 60-year-old plant has been the company’s main production site for over a decade but operates in a higher-cost location. Musk abruptly shifted the company’s headquarters to Texas two years ago after railing about California’s covid rules and bureaucracy.
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