Tesla Is the Latest Company to Invest in Mexico. Can the US Industrial Sector Keep Up?

Pressure on US industrial infrastructure is set to increase after Mexico’s booming manufacturing sector was given a further boost by Tesla’s plans to site a major gigafactory in the north of the country. 

The project, announced by Mexico’s President Andrés Manuel López Obrador last week and confirmed by Tesla the following day, will initially involve $5 billion in capital investment and create 5,000 jobs but those figures are expected to eventually double. The site will spread across nearly 4,200 acres in an industrial zone in the border state of Nuevo Leon – almost twice the size of Tesla’s factory site in Texas.  Construction is slated to start in three months.