Tesla confirms ‘next-gen’ automobile shall be constructed at a brand new Gigafactory in Mexico

Mexico’s president could have jumped the gun a day early, however it’s official now — Tesla’s subsequent Gigafactory shall be inbuilt Mexico.

At yesterday’s Investor Day, the corporate formally introduced that it will likely be constructing its subsequent Gigafactory within the nation of Mexico. Andrés Manuel López Obrador, Mexico’s president, had really already introduced the plan the day earlier than the corporate may even reveal it. That doesn’t appear to have stopped Tesla from transferring ahead in any respect, however that’s not stunning.

The corporate not solely revealed that its subsequent Gigafactory shall be positioned in Mexico but in addition stated that the plant will construct its “next-gen” automobile. Regardless of teasing it a number of instances all through yesterday’s presentation, Tesla has not really supplied any particulars on precisely what this automobile shall be. Throughout a Q&A after the presentation, CEO Elon Musk addressed questions in regards to the automobile, saying that “we could have a correct product occasion, however we’ll be leaping the gun if we’re to reply your questions.”

In keeping with a slide in the course of the presentation, Tesla confirmed two autos draped in cloth. Whereas they didn’t say precisely what these autos are, they did say they anticipated to construct round 300 million of 1 and a whopping 700 million of the opposite, indicating that the corporate is seeking to construct an much more reasonably priced mannequin.

Musk was requested if such a automobile may cannibalize gross sales of different Tesla Fashions. In response, Musk stated that “demand for our present autos when it comes to the need to personal them may as nicely be infinite. It’s indistinguishable from infinite at this level. Affordability is what issues, as you get the automobile extra reasonably priced, demand will go loopy.”

The official announcement of Gigafactory Mexico is a part of Grasp Plan 3, which Elon Musk and crew unveiled at Tesla’s Investory Day yesterday. As a part of that plan, the corporate can also be opening up its Supercharger community to non-Tesla EVs in america.