Elon Musk likes to think big, from giant rockets to blockbuster pay packets and massive, if misguided, investments in social media. In Mexico’s case it was an investment, announced in March 2023, in “the biggest ev plant in the world”. Tesla’s boss said that he would spend $5bn to build a “gigafactory” in Nuevo León, a state bordering the United States, that on completion in 2026 would churn out more electric vehicles (evs) than any of his existing facilities in America, China and Germany. Almost two years later, however, Tesla has yet to break ground. Why has the mercurial Mr Musk’s interest cooled?
Trending
- Congress sends Laken Riley Act to Trump’s desk as first bill of GOP’s Washington takeover
- Congressional Budget Office Lowers U.S. Population Projections
- Trump To Send 1,500 Extra Troops To US-Mexico Border
- A $500bn investment plan says a lot about Trump’s AI priorities
- Laken Riley Act passes US House, sending anti-immigrant bill to Trump | Trump administration
- How Europe Is Preparing for a New Era of Trump
- 11 dead as passengers fleeing fire rumour hit by another train
- Blake Lively demands gag order after Justin Baldoni releases unedited ‘It Ends With Us’ footage
