The Mexican president says that electric car company Tesla has committed to building a...
FILE - A sign bearing the Tesla company logo is displayed outside a Tesla store in Cherry Creek Mall in Denver, Colorado, Feb. 9, 2019.MEXICO CITY — Mexico's president announced Tuesday that electric car company Tesla has committed to building a major plant in the industrial hub of Monterrey in northern Mexico.
“There is one commitment that all the water used in the manufacture of electric automobiles will be recycled water,” López Obrador said. But the city suffered water shortages in 2022 that were so severe that many homes went weeks with intermittent or no water supply. The government is building a 60-mile pipeline to bring more water in from a dam.
López Obrador “could not turn this down. It would have had a very big political cost for him,” said Siller. “A subsidy like that, we cannot give subsidies like that,” the president said, adding “Mr. Musk was very attentive, respectful” of Mexico's position.
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