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They arrive in buses where I live - no cactus thorns for sure …
Tesla to build new plant in Mexico.
- Thread starter PimTac
- Start date
A few things...
Giga Austin is ramping; production is roughly half capacity. The other US factories are expanding as well. It is not like Musk is abondoning the US.
To an extent, factories are built near their intended market. Tesla does not have a proper Latin America vehicle and Latin America is a new market. It needs to be far less expensive for volume sales. Hence the mfg efficiency and low cost to build.
Monterrey is a relatively affluent area and there is a lot of auto supply mfg there now. It is one of the more educated areas to source engineering and management.
Monterrey is close to TX which is Tesla Mfg HQ. I also see Monterrey as a hedge against potential China issues.
My question is, how long will it take to build the factory? Shanghai was operational in 9 months, but that is unlikely. Closer to 18 months is a better guess.
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Tesla plans to spend more than $770 million on Texas factory expansion
The Elon Musk-led automaker officially opened its Texas factory in April 2022, and builds some of its Model Y crossover vehicles there.
www.cnbc.com
Labor and environmental rules and government costs very high..
Tv watchers are really easy to fool.
And? He just moved most of R&D from TX back to CA.Tesla plans to spend more than $770 million on Texas factory expansion
The Elon Musk-led automaker officially opened its Texas factory in April 2022, and builds some of its Model Y crossover vehicles there.
Tesla never left Palo Alto. It has always been the engineering center. Tesla HQ is in Austin but is calling Palo Alto its Engineering HQ. They just opened 700 engineer and programmer positions. The global engineering announcement is not likely to have a big impact on Tesla's Central Texas operations.
Tesla is expanding as it is in a rapid growth stage.
Companies come here for the talent but have to absorb the cost.
Texas can’t support operation like that. Attracting such number of talent is now big issue there. Elon actually doesn’t have a choice. CA, where there is already huge operation, CO, DC area, New England, Seattle.
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Tesla’s R&D center for its $25k electric car is complete
Tesla’s Q3 2021 Update Letter included several critical tidbits about the company’s ongoing projects across the globe. But amidst the wealth of information provided in the document, Tesla also included a small yet notable update of sorts from the Gigafactory Shanghai complex. The R&D center...
www.teslarati.com
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Isn’t there still close to 50k Tesla employees there …? Almost 130k worldwide …
And Tesla will use space left by HP when they moved to Houston by XOM’s 400 acre campus …
Tesla has endless projects
Tesla Starts Construction of $375M Lithium Refinery in Texas
Tesla has begun construction of a giant lithium refinery in Corpus Christi, Texas, which will be the first of its kind in the U.S.
www.torquenews.com
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I believe Tesla has about direct 47,000 employees in CA. Direct + indirect is at least double that.Isn’t there still close to 50k Tesla employees there …? Almost 130k worldwide …
And Tesla will use space left by HP when they moved to Houston by XOM’s 400 acre campus …
Tesla has endless projects
Tesla Starts Construction of $375M Lithium Refinery in Texas
Tesla has begun construction of a giant lithium refinery in Corpus Christi, Texas, which will be the first of its kind in the U.S.
Tesla has invested more then $10B in CA. Why?
CA leads the world in tech business with 56% of the United States’ private companies valued at more than $1 billion. Silicon Valley was ranked as the world’s No. 1 startup ecosystem.
CA has the best higher education system in the world. According to the US News & World Report, six of the nation’s Top Ten public universities are in California and all UCs are among the best in the nation. CalState is the largest university system in the world, and four of the top five public universities are in California. More engineers, more scientists, more researchers, more Nobel laureates than anywhere else in the nation.
Must be the sunshine?
Tesla contributes about $17B annually to CA GSP (Gross State Product). $45M injected into our economy every day. And growing.
CA is the 4th largest economy in the world; we just beat out Germany in 2022. Tesla is an important contributor to our state and nation.
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CA should get plenty Christmas cards from China …
I'd guess this plant is specifically being built for the model 2 (or whatever the recently announced model is).
With enormous pressure on pushing the price down cheaper labor makes a big deal and with no letup in sight from those trying to unionize existing plants its seems a cost control measure first and foremost.
Peter Zeihan remarked that at this stage if he had to chose between China and Mexico he'd pick Mexico.
Still this represents a tremendous loss for the states proper.
With enormous pressure on pushing the price down cheaper labor makes a big deal and with no letup in sight from those trying to unionize existing plants its seems a cost control measure first and foremost.
Peter Zeihan remarked that at this stage if he had to chose between China and Mexico he'd pick Mexico.
Still this represents a tremendous loss for the states proper.
The current Price Target for Tesla is around $246. And that is from financial analysts with a track record of accuracy and who know how to value Tesla as opposed to those who attempt to use conventional metrics and who think Tesla should be evaluated in conventional ways.
So give it a few weeks.Yesterday's drop was just another in a long history of ups and downs and mainly a knee jerk reaction that Elon didn't announce the highly anticipated economy version (Model 2 ?)
What will be interesting to see, and I have mentioned this scenario before, will be if Elon decides to crush the so called competition by slashing prices. Tesla is the only company that can afford to do that and still stay in business. He may be seen as a modern day robber baron by those who despise him and you can be sure there will be much wailing and gnashing of teeth among the other automakers when they will be forced to slash their already slim margins to compete.
I suspect that the Q1 2023 numbers when released in a few weeks will once again be record setting. And the Tesla haters will complain that the numbers are below their estimates. This is the financial world of EV's today.
It is thought that this is Tesla's entry into the Latin America market, as they do not sell there. It will take a low cost low price vehicle to generate demand in that part of the world.
Fremont is expanding and changing over for the Highland; Austin continues to ramp. Still watching for the elusive Cybertruk... Then they have to build out the SEMI mfg line.
Makes sense.
I have a high degree of confidence these cars will end their way back into the states qualifying for the " North American" subsidies.
Cyber is just sad at this stage with multiple manufacturers beating tesla to the market which should have never happened.
(Tesla should have never existed as GM should have continued after the EV1 - but that boat sailed long ago)
Im pretty much the target market for Cyber and Im struggling to see how its as usable as a regular pickup - I believe a non truck lifestyle guy thought he could rewrite the book on how a truck should look and that it wont turn out super well outside of a minority few - but who knows it could kill.
Let's be fair though when talking about time.
Tesla is down 28% over the last 12 months and 50% from its high roughly 2 years ago.
So we can say the stock still has to go up 100% from current level to match its performance in 2021 or 50% to match 1 year ago.
A history of ups and downs is true and it's never made it back to its ups (peak in 2021) yet.