Tesla considering opening auto factory in Mexico

Electric vehicle maker Tesla could soon announce its first automotive assembly plant in Mexico, according to Milenio.

The automaker is reportedly acquiring land in Nuevo Leon, a Mexican state bordering Texas, and will produce the new Semi, an all-electric Class 8 truck, at the site.

“Tesla will arrive in Santa Catarina [Nuevo Leon]. In the coming weeks, the investment will be finalized, [and] after the end of the year it will be announced,” read the document that Milenio reviewed.

Santa Catarina is a small municipality near the Mexican city of Monterrey, about 140 miles from the U.S.-Mexico border crossing in Laredo, Texas.

Tesla CEO Elon Musk held a meeting in Mexico in October with Nuevo Leon Gov. Samuel Garcia, along with Ken Salazar, the U.S. ambassador to Mexico, to discuss investments in the country, according to Reuters.

Austin, Texas-based Tesla has its own lane at the U.S.-Mexico border crossing in Nuevo Leon to facilitate trade for local automotive suppliers, the state government announced in August.