MEXICO CITY (apro).- Once again, plans by the automaker Tesla to build a plant in Mexico have been put on hold.
According to Elon Musk, investing in our country is risky and he will wait for the results of the presidential elections next November to decide whether to continue with the project.
“Trump has said he will impose heavy tariffs on vehicles produced in Mexico. So it doesn’t make sense to invest heavily in Mexico if that’s going to be the case. We need to see how things play out politically,” the billionaire said during a conference call with analysts on the company’s financial results, according to Bloomberg.
The Tesla factory is planned to be built in Santa Catarina, Nuevo León.
During a rally in Vandalia, Ohio, in March of this year, Donald Trump said he would impose a 100% tariff on every vehicle crossing the border, due to the possibility of a trade war with China over Chinese car manufacturing in Mexico.
“China is now building a couple of huge plants where they can make cars in Mexico and they think they are going to sell those cars to the United States without taxes at the border,” Trump said at the time.
The Republican candidate has tried to appeal to auto workers, especially those from the Rust Belt, to get their votes. Trump even opted for a running mate from that region, Ohio Senator JD Vance.
Even though Trump’s tariff threats could affect Musk’s plans for a gigafactory in Mexico, he chose to publicly support the Republican after the attempted murder of young Thomas Matthew Crooks in the middle of this month. Musk even promised a million-dollar donation to the former president’s campaign.
Trump has also expressed a desire to end the Inflation Reduction Act of 2022. Tesla has been a beneficiary of that measure, but Musk also does not seem worried about the Republican’s plans. “It would be devastating for our competitors and would slightly hurt Tesla,” Bloomberg reported.
#Elon #Musk #halts #construction #Tesla #factory #Mexico #reason
2024-07-26 10:31:15