Transportation
Elon Musk Says Plans for Mexico Production Will Depend on US Election
- Musk said he needs to wait and see how things play out
- Tesla’s Mexico plant had already been delayed amid uncertainty
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Elon Musk said Tesla Inc. won’t invest further in its planned Mexico factory until after the US election, citing too much political risk from Republican nominee Donald Trump’s pledges to impose more tariffs on Mexico-made goods.
“I think we need to see just where things stand after the election,” Musk said during Tesla’s earnings call on Tuesday. The EV maker’s chief executive officer formally endorsed the former president earlier this month.