Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Tesla considering plant near Mexico City's new airport, Mexican official says

Published 01/31/2023, 12:57 PM
Updated 01/31/2023, 01:02 PM
© Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo

By Diego Oré

MEXICO CITY (Reuters) - Electric carmaker Tesla (NASDAQ:TSLA) Inc is considering setting up an assembly plant near a new Mexico City airport, which would serve as an export hub for the firm, Mexican presidential spokesman Jesus Ramirez said.

Ramirez said that Tesla could put a plant at an industrial park in development about 3 kilometers (2 miles) from the Felipe Angeles International Airport (AIFA), a new hub opened by President Andres Manuel Lopez Obrador last year.

"Tesla is looking at investing in that area to take advantage of AIFA," Ramirez told Reuters late on Monday, noting the site could serve as a base for the firm to export by air.

He gave no further details, but the remarks follow recent comments by Ramirez to newspaper El Heraldo de Mexico about the prospect of a Tesla investment there.

"Tesla will invest there ... in an assembly plant, to export directly by air," Ramirez told the newspaper.

Separately, a Mexican official told Reuters that Tesla had been shown the site, but had given no indication of its plans.

Chief Executive Elon Musk has been eyeing a potential investment in the northern state of Nuevo Leon bordering Texas, according to media reports and officials who spoke to Reuters.

© Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo

Tesla did not immediately respond to a request for comment.

Ramirez told El Heraldo de Mexico that Tesla was aiming to invest in the T-MexPark, a major industrial park being built close to the Felipe Angeles airport.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.