Tesla pauses new gigafactory in Mexico amid tariff concerns
Elon Musk cites potential tariffs by Trump as the reason for halting the construction near Monterrey, focusing on increasing production in existing US facilities instead
Elon Musk, CEO of Tesla, announced during the company's earnings call that the construction of a new gigafactory in Mexico, unveiled in February 2023 near Monterrey, Mexico, is temporarily on hold due to concerns over former President Trump's intention to enforce tariffs on cars manufactured in Mexico.
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