They report that E. Musk would install a Tesla factory in Mexico and that he chose it for its lithium reserves | Economy

According to various sources, the eventual Tesla plant would be installed in Mexico and that for Elon Musk it was relevant to opt for an area with lithium reserves.

the car company Teslaproperty of the tycoon Elon Muskmight announce in the coming days the establishment of an electric vehicle assembly plant in the industrial zone of Santa Catarina, in the Mexican state of Nuevo León, according to a Bloomberg News publication.

According to some media the businessman was interested in it being a place with lithium reserves.

Musk visited Nuevo León last October, when he met with state government authorities, including the Secretary of the Economy, Iván Rivas.

On those dates, Musk was photographed with Emmanuel Loo, Undersecretary of the Economy of Nuevo León, and Mariana Rodríguez, wife of state governor Samuel García.

According to information from the Reforma newspaper, some sources familiar with the matter revealed that the first visit, of the two that they have detected, was before May to Review different land options.

In that first meeting with state authorities, Musk evaluated some options to establish the new plant and, according to the sources, the one he liked the most was Santa Catarina.

Another source said that Tesla contemplates an investment in various phases in Nuevo León that might exceed 10,000 million dollars, and for this reason it would need to buy a larger piece of land, since it will gradually add various production phases.

Musk is an entrepreneur, investor recognized for being the founder, director, CEO and chief engineer of SpaceXCEO and product architect of Tesla Inc, founder of The Boring Company and co-founder of Neuralink y OpenAl.

According to some media, one of the main characteristics that Musk sees in Mexico to build a Tesla production factory is lithium reserves in the country.

And according to information from the Mineral Commodity Summaries of the United States Geological Survey, Mexico is in the global top 10 in terms of lithium natural capital, with 1.7 million tons of potential reserves.

That is why a Tesla factory in the country looks like an excellent business for the company, since Lithium is a fundamental material for the construction of batteries in electric cars, as well as in more of the company’s products.

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