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Nuevo Leon Governor Expects $10 Billion Investment From Tesla Plant

MEXICO
  • Tesla's Mexican plant will probably require $10 billion in investments in several phases, a game changer for the Nuevo Leon state where it will be based, as global companies rush to relocate to the country’s north, Governor Samuel Garcia said. (BBG)
  • “This is a game-changer for a transition from traditional industry to an industry of the future, a green industry,” Garcia said via video from his office in Monterrey, Nuevo Leon’s capital.
    • “This will transform our state and break all of the economic records.”
  • As a reminder, Deputy Foreign Minister Martha Delgado announced yesterday that Tesla are to invest around $5 billion in the project, and 6,000 jobs are expected to be created as a result.

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