Tesla CEO Elon Musk has hinted that the location of the company’s next assembly plant will likely be revealed by the end of 2023. In an interview with the Wall Street Journal, Musk mentioned that Mexico has been selected as the next destination outside the United States for a Tesla factory. However, he also indicated that another location will probably be chosen later this year.
When asked about the possibility of building a Tesla plant in India, Musk expressed enthusiasm, stating, “Absolutely!” Expanding into India would offer Tesla access to a cost-effective labor force compared to Western rates. While no official confirmation has been made regarding a factory in India, Musk recently met with French government officials, including President Emmanuel Macron, to discuss the potential for Tesla investment in France.
Elon Musk on which is the most exciting country to build a @Tesla factory now: "We'll probably pick another location towards the end of this year."
On asked if India is interesting, Elon responded: "Absolutely" pic.twitter.com/OwINE5laSv
— Sawyer Merritt (@SawyerMerritt) May 23, 2023
Currently, Tesla operates manufacturing facilities in the United States, Germany, and China, with Mexico set to join the roster as the next country hosting a Gigafactory. The company’s facilities in Fremont and Shanghai are already operating at maximum capacity, while the Berlin and Austin plants are in the process of ramping up production.
Despite production challenges, Tesla experienced a notable increase in registrations in the first quarter of 2023, with 155,360 new Tesla electric vehicles hitting the road in the United States alone. This surge in registrations contributes to the company’s global goal of producing 1.8 million units for the full year.
Tesla’s expansion plans underscore its impressive growth since its inception in 2003 at a small facility in San Carlos, California. With four operational car-making facilities worldwide, one under construction, and another in the pipeline, the company continues to make significant strides in the automotive industry.