{"id":74795,"date":"2024-07-24T16:10:03","date_gmt":"2024-07-24T20:10:03","guid":{"rendered":"https:\/\/autosector.com\/?p=74795"},"modified":"2024-07-24T16:10:03","modified_gmt":"2024-07-24T20:10:03","slug":"tesla-officially-pauses-giga-mexico-project-over-potential-trump-win","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=74795","title":{"rendered":"Tesla officially pauses Giga Mexico project over potential Trump win"},"content":{"rendered":"
\n\t\"Tesla<\/figure>\n

Tesla has officially paused its Gigafactory Mexico project over a potential Trump election win, which would greatly reduce the factory\u2019s profitability.<\/p>\n

<\/p>\n

Tesla officially\u00a0announced Gigafactory Mexico back in March<\/a>\u00a02023, and until recently, we were wondering what was the hold up to start production after the automaker said it wanted to move fast.<\/p>\n

In October,\u00a0Tesla confirmed that it was pumping the brakes on the project<\/a>\u00a0amid concerns about the global economy.<\/p>\n

CEO Elon Musk said that the project would happen, and Tesla is ordering \u201clong lead items\u201d for it, but the timing would depend on how they see the economy recover. In the meantime, the automaker prefers investing in Texas.<\/p>\n

We suspected that a potential concern forcing Tesla to pump the brakes is that Former President and current Republican candidate Donald Trump has clearly stated that he plans to put tariffs on vehicles built in Mexico and coming into the US.<\/p>\n

This would greatly reduce the profitability of a plant in Mexico for Tesla.<\/p>\n

Musk has previously stated that he believes Trump will win the US election, and he is even \u201cfully endorsing\u201d him and contributing financially to his campaign.<\/p>\n

The CEO has supported Trump\u2019s plan to remove EV incentives and emission credits, which enabled Tesla\u2019s profitability in recent years.<\/p>\n

Tesla reported its Q2 2024 financial results yesterday and confirmed that more than half of its profits came from selling emission credits. That doesn\u2019t account for the consumer-level incentives, which help Tesla\u2019s sales in the US.<\/p>\n

Electrek\u2019s Take<\/h2>\n

That\u2019s what we suspected. If you believe that Trump is going to win, and Elon not only believes that but is actively working to make it happen, then it makes no sense to invest in a factory in Mexico.<\/p>\n

Maybe Elon should have thought about that before promising the people of Nuevo Leon a factory?<\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Tesla has officially paused its Gigafactory Mexico project over a potential Trump election win, which would greatly reduce the factory\u2019s profitability. Tesla officially\u00a0announced Gigafactory Mexico back in March\u00a02023, and until recently, we were wondering what was the hold up to start production after the automaker said it wanted to move fast. In October,\u00a0Tesla confirmed that […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/74795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74795"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/74795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74795"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}