Tesla Mexico Plant

American electric car maker Tesla will invest about $5 billion in a massive new factory in the northern Mexican city of Monterrey, a senior government official said Tuesday.

Electric vehicle maker Tesla Inc. will build a major new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said on Tuesday, dispelling concerns his government could block the deal over water shortages.

American electric car maker Tesla will invest about $5 billion in a massive new factory in the northern Mexican city of Monterrey, a senior government official said Tuesday.

Electric vehicle maker Tesla Inc. will build a major new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said on Tuesday, dispelling concerns his government could block the deal over water shortages.