The doubts surrounding the project stem from the fact that the tycoon was one of Donald Trump's main supporters in the presidential campaign that led him to victory at the polls on Tuesday, in which the Republican threatened to impose heavy tariffs on cars produced in Mexico.
Mexican Economy Minister Marcelo Ebrard said Thursday he will try to meet with Elon Musk soon to find out his current position on electric vehicle company Tesla's plan to build a megafactory in northern Mexico.
Tesla, of which Musk is CEO, announced plans in early 2023 to invest in the construction of a giant plant in the Mexican state of Nuevo León, bordering the United States, but so far the initiative has not made any progress.
"I will certainly try to meet with him (Musk) soon so he can tell me exactly what he is thinking, if it is possible to have it clear in the next few months, and see what we can do to move this project forward," said Ebrard in an interview with Radio Fórmula .
The doubts surrounding the project stem from the fact that the tycoon was one of Donald Trump's main supporters in the presidential campaign that led him to victory at the polls on Tuesday, in which the Republican threatened to impose heavy tariffs on cars produced in Mexico.
In addition, in July, already in the middle of the electoral campaign in the neighboring country, Musk questioned the investment if Trump won, and in response, the then Mexican president, Andrés Manuel López Obrador, stated that the comment was not serious and attributed it to the American political context at that time.
According to Ebrard, the lack of concrete action on the project does not depend on recent decisions that the Mexican authorities have been making, but on the "general situation" of the EV manufacturer and the competition from Chinese firms. "That competition is what is limiting their investment capacity in the short term," he said.
Mexico passed a judicial reform in September that, among other things, requires the election of thousands of judges by popular vote, causing concern among investors and a depreciation of the local currency.
