Elon Musk announces construction of $10B Gigafactory EV plant in Mexico

 March 3, 2023

Elon Musk is one of the busiest people on the planet, undoubtedly. His recent announcement regarding his expansion plans proves it. 

According to Breitbart, Musk plans to open a brand new Gigafactory to produce a new kind of electric vehicle. The plant will mean thousands of jobs and a boost to the local economy -- in Mexico.

In an announcement during Tesla's Investor's day event, Musk revealed that he will open the sixth Gigafactory in Mexico.

The new facility will be located in the Mexican state of Nuevo León.

Massive and expensive

While Google and major U.S. manufacturers have opened radically large and expensive data centers and plants across the country, they still can't touch the magnitude of Musk's latest Gigafactory.

Breitbart noted: "At full maturity, the new Gigafactory is anticipated to cost approximately $10 billion, making it one of the largest factories in the entire world."

Concept imagery of the future plant is jaw-dropping, to say the very least. The company tweeted footage of its plans.

Big thanks

Samuel Garcia, the state's governor, posed with Musk for a photo and thanked him for choosing his state to launch the state-of-the-art facility, which will undoubtedly draw massive attention worldwide.

"The richest man on earth trusted Nuevo León, México for his new gigafactory and his next generation vehicle. The future is bright. Thanks @elonmusk, thanks @Tesla," Garcia tweeted this week.

President Andres Manuel Lopez Obrador of Mexico also celebrated Musk's announcement.

"This is going to mean a considerable investment and many, many jobs. My understanding is that it will be very big," Obrador said.

More Gigafactories will be built around the world, including several more in the United States. It's still unclear what type of "next generation" vehicle will be produced at the facility, but Musk promised fans a sneak peek later this year.

Breitbart noted:

The locations of Tesla’s additional Gigafactories include Nevada, Texas, New York, Shanghai, and Berlin. The company has been rapidly increasing its production capacity to meet the rising demand for its electric vehicles, which are seen as a key element in the transition to a low-carbon economy.

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