Update: Tesla Elon Musk confirms at Investor Day that New Gigafactory will indeed be built in Mexico.

Monterrey

Per Wikipedia Monterrey is one of the most livable cities in Mexico, and a 2018 study found that suburb San Pedro Garza García is the city with the best quality of life in Mexico. It serves as a commercial center of northern Mexico and is the base of many significant international corporations.

The Tesla Plant

In the quest to transition the world from fossil fuel to sustainable energy Tesla the company behind the well known electric cars such as the Tesla Model S, Model 3, Model X and Model Y needs to scale to extreme size, hence the need to spread out Gigafactories throughout the world to increase its production capacity.

The day before the company’s highly anticipated — Investor Day — event, the Mexican President Andres Manuel Lopez Obrador speaking at a news conference said on Tuesday that the Software, Energy and Automotive company Tesla will build a new plant in the northern Mexican city of — Monterrey — it appears that the CEO of Tesla Elon Musk had reached an agreement with the President.

But, we must wait until we hear the official confirmation from Mr Musk himself. There has been speculation for months that the company potentially may build a new Gigafactory in Mexico, so we will have to wait until tomorrow’s event to find out for sure.

The Community Reaction

Dave Lee

shared what is going to be in the agenda.

Farzad Mesbahi

Here are my thoughts and predictions for Tesla’s Investor Day $TSLA

  • Event will start at 3PM CT and go until ~5:30PM including Q&A. This length is similar to the previous meetings Tesla hosted (AI Day, Battery Day) which involved multiple team members, different divisions, etc
  • Tesla may highlight 5-8 different “divisions” involved in Master Plan Part 3
  • Tesla will focus on scale to achieve 1-2TWh of battery production in ~10 years
  • Tesla may announce at least one new Gigafactory and a major partnership/acquisition
  • Tesla may unveil a refreshed Model 3, details on HW4 and Robotaxi, and the Gen 3 platform
  • Tesla may roll out a $25k compact car, plans for boats and planes, and supply chain opportunities
  • The writer’s predictions are not confirmed, but they believe the event will be exciting.

Munro Live

Find out more what the community excitement on twitter.