The Real Reason Tesla Chose Mexico..
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- čas přidán 14. 06. 2024
- The Truth about why Tesla chose Mexico for their next Gigafactory location and why Mexico is primed to take over global manufacturing in 2023.
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I like much Mexico and Tesla intelligent positivism and dynamism .
Setting up Mexico is very important we need them to be just as good as us so people stay in their countries instead of going to others.... Can't have UBI until it can be implemented everywhere which will require full automated production of goods... This is another reason why Elon is doing this.
Mexico has a great engineering group and Tesla wants the smartest and cheapest labor! Mexican people are smart and they work for low wages. Mexico is next to USA and that’s a plus.
Tesla will finally make what Americans want to drive after they get the World driving electric cars.
cartel chose hahahahaha get it.!
I’m from Mexico and I just wanted to tell you that your video was greatly made. I can tell that you really did a well thought research. Most people just see Mexico as a dangerous place or as a good vacation place, but as you mentioned there is a lot of potential, specially in the manufacturing sector. Congrats dude, keep it going!!
cheap labour and tax exemptions.
@Dr23rippa not just that! There are many more reasons why elon would want to take his business to the beautiful country if mexico. Elon has enough money already, smart people understand why he took tesla there. And I bet it won't be the only gigafactory he's building there.
Mexico is more than the headlines. It is a great place that has the possibility of much more. I enjoy it.
@@Hugo-py2ce he will need at least 6 more just for North America if he doesn't build a couple in Canada....it's staggering. I hope Elon sees the light on this. Sell GigaFactories to whichever country wants one. I'm ready to buy one. I don't want a chinese import. I prefer a North American built vehicle to purchase. Built on this continent.
Right ON
Seeing how fast the Mexicanos work they'll have the giga factory Done in a month
With beers 🍻 is done in 2 weeks
@@daroz5351😂
😆😆😆
Facts 🫡🇲🇽. 🍻🍻🍻 🌮
@@daroz5351 With beers AND 🦜❄️, they’ll be done in a week!
Also Mexico is known to have one of the biggest sites of rare mineral to make batteries
This right here
☝️
USA already wants to steal it from us
The Largest lithium mine in the world is in Mexico 🤑
@@sescal1038 Mexican lithium is only for Mexicans
Yes lets exploit the workers and pollute the lands for these batteries.
I am a robotics engineer and have worked at multiple highly automated factories in the US. After a decade of work, I have found that a significant percentage of automation engineers in the US come from Monterrey due to the high level of automated manufacturing that takes place there.
Hey! I have a interest in robotics but wonder what’s the base salary you got and believe what’s given at a higher rank?
@@glizzyketchup5822 7 bro🤙
@@glizzyketchup5822how do you talk of a salary when you are have not tested? Think first what you can give the factory to succeed and expand and create jobs for others.
Time to shift as much global manufacturing needed from China to Mexico. ❤🇲🇽 and it’s people!
So true! ❤️
100% agree, they deserve and appreciciate the honor more than China. Mexico has done more for the USA, and is a more trustworthy partner that China would ever be, besides they are our next door neighbor!
@@platoon1081 the honour? Jesus Christ what an American supremacist.
@@oppionatedindividual8256 you don’t have to be a supremacist to recognize China’s bullshit
@@platoon1081 si VIVA la Cartels , mucho fentanyl ........ ARIBA!!!!!!!!!!!!!
I've been working in this industry for 30 years and I can say it's not a matter focused only in "building a plant" .. this is a strategic movement to gain access to the raw material supply-chain too . Tesla will develop new businesses in Mexico targeting mining sector as well and "coincidentally" making harder to chinese companies jumping into Mexico for same opportunities .
Yes exactly
Yep better price
Chinese are already on Mexico, most of the job opportunities on my state (Tamaulipas, the neighbourgh of Nuevo Leon) come from Chinese/Taiwanese companies.
Also before Mexico restricted it's lithium sources the goverment sold a big percentage of their lithium to chinese companies.
China prefers to use México on other ways.
coming from a supplier manufacturer for the automotive industry, China is growing exponentially in the EV sector. BYD is also arriving to Mexico with 3 EV cars, presumably arriving before Tesla, although those will be imported rather than manufactured there. Its really interesting because there are other Chinese manufacturers that are also coming into Mexico to do business (Chirey, MG, Changan Motors, JAC, BYD, and many more)
there are also rummors that someone is looking to import those 2000 dlls mini ev trucks from China to sell them through online marketplaces in Mexico
Mexico is in a perfect moment to grow...
Y si va a creser
Not really, too many terrorists there
The TSLA Stock Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisorr, you can be passively involved with the aid of a professional.
*"LINDA PEREZ LEWIS".*
That's my licensed Financial advisor you can easily look her up, Thank me later!
If you move quick enough, you can move to Mexico where your money is worth 3x as much. But you might want to hurry. I doubt the window to take advantage of it will last long. If all this stuff is true about manufacturing in Mexico and the new infrastructure projects (which they are true) the peso will probably worth twice as much as it is right now against the dollar within the next 10 years. You could retire in Mexico from 500k right now. Buy a house cash etc. Get some assets. A nice condo near the beach goes for $250k right now will prolly be $500-$700k by the end of the decade
Not only Tesla, a lot of Korean industries are already in Monterey, México.
Many GM engines, trucks, SUV’s made in Mexico. In fact , GM is Mexico’s largest auto manufacturer. Starting 2022 GM starting investing more millions Mexico and Canada
Here in Hermosillo Sonora Mexico we have the Ford factory with the Bronco, we also made the Lincoln MKZ in the past
Many Japanese companies are in Mexico too
I heard even 200 Chinese companies, Mexico is the new china china
My VW was made in Mexico
One factor could be access to commodities. Tesla is building a lithium refinery near by in Texas. Mexico is a producer of copper and silver. Tesla is changing it's cars from 12V to 48V. This means all wiring for things like power windows, lights and heat pump can be a smaller gauge for all vehicles produced globally. Mexico could produce these wires for all Tesla's. This is just another reason.
The state of Sonora has massive lithium deposits and the Mexican president has already moved to nationalize lithium and develope its mining besides Mexico taxes imports heavily so probably Tesla will source lithium from Mexico
@@lih-fk8by That's right, and President Lopez Obrador has already spoken with Elon Musk about Sonora's lithium.
Exactly as Li H says, there are huge chances that lithium is extracted from Mexico as the reservres are greater than those from US and probably simplifies the supply chain.
Mexico president is the best one yet
@@goatbebryant4915Yes he is. He's amazing!
I mean you missed the actual main reason, which is any cars made in Mexico (or Canada) now qualify for the $7,500 electric car tax credit. Used to be only cars made in the US prior to 2023.
This massive Giga Factory is going to be manufacturing for the U.S. Market. There will be more than the $25K car made there. While this Vid says that the $25K car is not for the U.S. market, reading comments from Americans in various forums there is plenty of interest plus the $7,500 tax credit will make it compelling. At investor day Tesla said the primary production at Mexico is vehicles for Autonomous driving. This poses other factors to consider. When will Robo Taxis be feasible? Where would Tesla start it’s Robo Taxi trial and where would be the first cities of implementation of Robo Taxis be?. Another thought is the $25K car is going to have worldwide appeal and when will Tesla start manufacture at the other Giga factories as transportation to markets is a big consideration as to cost, logistics and time. There is a shortage of car carrier ships now.
You say it. Mexico qualifies for the 7500 $ NOW. But you cannot expect that this stays like this for years.
No the main reasons are cheap prostituts for Elon!
How is there pollution problems
don't think tesla cares about tax credits
Remember, Bender from Futurama was made in a high tech plant in Tijuana, MX! Bender Rodriguez! 🤖🤖🤖🤖🤖😂👍
Japanese and German brands are moving to Mexico as well.
VW has been in Puebla, just about forever.
Mexico can be a Super country but it's land and weather is the 1st and most challenging and not many people realize that. Mexico has amazing people that Never Give Up.
Thanks for keeping the truth in retrospect of the news. 🎉🎉🎉🎉
Chillll cuz we all know it gets cold asff from 8 p.m-10 a.n
And corrupt politicians
@@omegadeepblue1407 that's pretty much a constant in all countries all over the world, the difference is who's funding them and how do you define corrupt.
For example US politicians take bribe- i mean "donations" for their campaigns from companies that they definitely do not help in any way, shape or form, something that definitely shouldn't be illegal right? Not like it could cause conflicts of interest
A
Colonization is why Mexico is not a superpower. Take a look around the world, the superpowers of today were the Colonizers not the colonized. Not an equal economic playground, with constant layers exploitation and corruption.
A vehicle smaller than a 3 doesn't have to be tiny just smaller which many in the US like me want
8:08 Mexico is also part of the TPP , which also includes Australia , New Zeland , the UK and Canada in countries with free teade agreements with Mexico
🇲🇽👏 Thank you for shedding light on the untapped potential of Mexico, beyond its stereotypes. It's refreshing to see someone acknowledge the manufacturing sector and the opportunities it holds. I'm curious, what other industries or aspects of Mexico do you believe have great potential for growth and development? Keep up the informative content! 💪🌟📈
The che4p labour and spl0iting sector and the growing c0rrupti0n factories seems very nice in my opinion.
Great factors for a ly1ng scummy billi0naire to go to👌👏
@@joaop4585 cheap labor is due to high demand, low cost of living, increase opportunities and competition for workers and you end up with better payed employees in the long run.
Corruption is a constant all over the world, same shit would happen in Texas if it was built there.
Ultimately it's better to have these businesses moving to Mexico for their local economy as it will stimulate the national economy as a whole and actually even reduce immigration to the US.
It's a net positive believe it or not.
If you however want to argue about saving the planet and not exploiting resources, a cup of feel good juice ain't gonna keep you fed so cope.
I wonder how they are 😢going to deal with the lack of water it is terrible as it is .The giga factory demands the equivalent of 4 or more times the consumption of the while population of Monterrey.
@@joaop4585shut up bitch Mexico has the potential to do great things we are heading to the next world power 😎🇲🇽
One things about Mexico is that they know how to work and like doing it
As usual, you present new Tesla information in a clear and enjoyable manner.
Remember that Mexico already has many many free trade agreements in place, including the Great Wall of the EU. They could use those agreements to export globally.
The vid literally said just that
I agree, and initially that may happen if G-Berlin isn't tooling up to produce them there by that time (don't think exports to the EU will be part of the first 18 months or more of production, maybe even longer, if North American demand absorbs everything they can produce since transport costs will cut into profits ;?)
Why do i need to pay import taxes then when things come over from europe?
Honestly out of many country out their Mexico is one of the few were most like and has many good realtionship and trades deals that any company that set up their can expect easy trade with near anyone on the planet
This is GENIUS!!! If the US and Mexico can clean up the cartels, Mexico will very quickly become the next super power!!! I’m looking for property in Mexico for retirement because I believe their economy is about to quickly become very good!
It really is that why a lot of Americans are looking for property to buy in mexico
Usa would not allow it,cmon we all know it
The big cartels are very much middle men for U.S. government and corporations. Drug smuggling makes sure that U.S. privatized for profit prisons stay filled with people that buy, sell and use drugs. Cartels get weapons from the U.S. government, Operation Gast and Furious for example. Illegal immigrants are encouraged to come, not to help people better their lives but to be used as political pawns as easy votes and to grow the welfare class that becomes dependent on government. Even three Mexican Presidents have been revealed to be receiving regular payments from the C.I.A. to get them to be more lax on illegal activities near the border.
I'm with you on looking to retire in Mexico though. The international hierarchy is switching towards Mexico raising above the U.S. much sooner than we think so all the problems people think about happening in Mexico will become more so a U.S. issue. I do have a bit of concern regarding the E.U. style union planned for North America but I still think Mexico will be better off than the U.S. in that situation.
The US profits as much from the Cartels as the Cartels themselves if not more so that will never happen
Your making a wise choice man , i personally own property in Mexico, it's paradise ! Their economy is strong ppl out there actually live better , the news likes to focus on Cartel alley and one crime here and there and neglect to mention that right now México is the 2nd most visited country in the world ! Over 30million ppl have gone this year and the news talks about 1 incident here and there , literally nothing ! Compared to the 50 shootings I had in my city of Chicago this past weekend ! Lol but I Live in the North side and I don't see any of that nonsense , same with Mexico, they have certain areas that are bad just like the U.S does ..
I was in Monterrey last year visiting family as was blown away with the amount of production plants. KIA MOTORS is currently the king of production plants. And yes, Monterrey is very modern. All my female cousins throw away anything old, vintage or antique. Well at least Mexico has a plan to give its people good paying jobs. They are restaurants everywhere, the grocery stores are always packed. And, they'll be hosting a few World Cup soccer matches. So... what the hell I'm I doing here in the US? 😕
I'm not in the US but I recently incorporated my startup in the US, thinking that that's where the talents, money and opportunities are..oh boy am I wrong? 😂
Went to SF, LA this year and man.. places feel like real-life cyberpunk night cities.
I'm moving to Mexico next year to set up my engineering shop. 😂
See you there! I guess?
@@xXxIMMORTALxXx Good call. Right next to the KIA plant is a Chinese based company that makes those robots used in the manufacturing process. Or something like that.
And yes, the US is becoming a really bad B movie from the 80's. 😂
Mexico's policy is "if you want to sell in Mexico, you need to build in Mexico". It is amazing to see all the same stuff USA buys from Asia, marked a Hecho de Mexico there. Despite all the free trade agreements, Mexico has real issues in exporting. They don't have deep water ports and is near impossible to ship cross-country due to geography. It would be nice to hear how Tesla plans to overcome that.
Trains and trucks
That is definitely a legit concern. But it seems they are investing heavily in railways right now, but mostly in the Yucatan. They most definitely need to invest in sea ports
They're building the Istmus corridor to take some pressure off the Panama Canal. Shou;d be done this year. The Salina Cruz and Coatzacoalcos ports are expected to be some of the biggest deep water ports in North America. They're also doing upgrades to mayor ports.
Your content is always top notch, thank you!
No it isnt!
I'm canadian and I hope the Model 2 is available here, it would make a great second car
Mexico has many trade agreements and partners across the world because for the most part they stay out of international politics. AMLO does comment on things, but in general, Mexico is friendly to all countries and doesn’t take sides in conflicts.
Great research. I think the only thing you didn’t mentioned is that the state of Sonora has massive lithium reserves and infrastructure between Sonora and Nuevo León is very developed already. Also there are already train connections from Monterrey to Tampico (Atlantic Ocean) and Mazatlán (Pacific ocean)
I’m Mexican-American I can sum up 1 of your viewers question re: why Tesla in Mexico? cheap labor as only main reason is incorrect. There is another main factor and that is that Mexicans are very hard workers and their hard work ethics along with great precision is much needed when assembling the Tesla. This was a big motivator for many companies initially going to China.
There’s a quota to be made ex: iPhones, cars, etc etc so when someone like Elon needs to build again in a country other then China then Mexico is your country 😊👍🏽
Yes. Much better work ethic than American workers. My cheaper Nissan manufactured in Mexico has everything fit perfectly. Expensive Teslas made in the U.S. come out with all kinds of flaws and problems with fit. They have to be sent back for repairs and adjustments.
💯!!
This is true, Mexicans put in more work on the clock than any other
There is a video about it
@Javier Valencia Buen punto. Buenos deseos.
Mexicans only work hard in the US 😂 soy Mexicano del estado de Jalisco
Great video, and about the cheap labor factor I wouldn't be that sure, new regulations on NAFTA made mandatory to Mexico to raise the salaries in order to be more competent with the ones from Canada and the U.S.A. Greetings from Mexico.
Just need to make sure that is followed. A certain "technological" billionaire has quite a history of exploitation...
True. If they wanted cheaper labor, they could have gone to Central America. Small cars are more common in Colombia than in Mexico or Brazil, but the Mexican peso is stronger than Colombia's.
"Wouldn't be that sure" my brother in Christ the avg American makes at least 6 times as much as the avg. Mexican.
Not to mention Mexico's minimum wage is the lowest in the region.
Viva México! 🇲🇽
Qué sigan los éxitos en mi tierra natal para beneficiar a mi gente.
It is really a pleasure to see so many People Projects, to benefit my people.
Vamos México! 🇲🇽
Cual gente?
Que no escuchaste que la fabrica va ser altamente automatica?
Los especialistas que ocupen los van a jalar de afuera.
Si sabemos que los mexicanos son muy trabajadores.....
Pero antes de venir a los Estados Unidos sin permisos para cruzar deberían pasar por la fábrica de tesla El Nuevo León y llenar una aplicación para trabajos básicos Cómo limpieza cocinas en todas posiciones Etc.....
@@AlexPerez-lt6tu
Primero, ya los mexicanos no están llegando a EEUU. Al contrario, se están regresando.
Yo, nací en Guerrero y estoy en proceso de volver a Mx. Soy bi-nacional.
Al volver, aún voy a trabajar.
No sé donde ni en qué, pero créeme que no va a ser para limpiar.
Fui a la Uni., en EEUU, y hablo cuatro idiomas.
Ve cambiando la manera de ver a los mexicanos, si no, te llevarás tus chasco.
@@AlexPerez-lt6tuLos mexicanos ya casi no cruzan a estados unidos como antes, ahora México se ha convertido en un país receptor de inmigrantes de todo el centro y sudamerica... 🙄
Another excellent video by the Tesla Space channel. Glad to learn why the new Mexico site is so good.
So proud, my state is gonna be the new home for the biggest factory Tesla´s ever built! Our state has been for a century an industria hub, where great companies have emerged, such as CEMEX, regarded as one of the biggest cement companies in the world, the local brewery, Cervevía Cuauthémoc Moctezuma, was recently entirely bought by Heineken, we have tons of international companies and more are coming, we are glad to have such an honor, If anybody wants to visit, please do, Nuevo León is a beautiful state and it's people will warmth your heart!
If the projected sizing of such a gigafactory does come into fruition, that's insane! To put into context, you can reasonably drive semitrucks indoors at giga-Texas, & that's supposed to be eclipsed with this build!
Mexico is a world power to be awaken
Fascinating video! Thanks for shedding light on the real reason behind Tesla's decision to choose Mexico.
Soy mexicano y trabajo fabricando can-am en brp doy gracias a la inversión extranjera por permitir desarrollarme económicamente. 🇨🇦🇺🇸🇲🇽
Roads!! Such a huge factor. Years ago I got to commute in the roads of Mexico City, and through areas of Reynosa, MX, and these roads are narrow and congested. However, traffic seems to follow nonetheless.
*I'm so glad for all Mexican citizens*
Proximity to Austen has also been cited as a key reason for siting the new plant in Monterrey.
From Baja California Mexico...Thank you for your report...I am considering that I will wait for the new model to be released, before I buy a Tesla...
Your video explains so much with relevant video and graphics. Great job!
Tesla is building cars there for the same reason everyone else is cost of labor and it's relatively close to us / Canadian markets plus its closer to south America as well and transport/ material cost are a factor as well
Soon all car manufacturing will be in Mexico and we’ll see reverse migration back there for the jobs.
Central America outside Costa Rica and Panama would be a lot cheaper and closer to the South American market.
I feel the stock going up already! Good vid! Thanks!
This will help Mexico's economy and provide good jobs. ❤
Yes but USA will become a poor country eith NO good jobs
Yeah until the cartels take it over and retool it into a weapons factory
Great video! Also, Mexico, especially Nuevo Leon, Juarez, and other. Top cities in Mexico are incredible knowledgeable in manufacturing....which is extremely important.
Odd that you didn’t mention the massive lithium stores in Mexico - largest reserves in the world.
I thought the largest lithium reserves were in Chile?
Although at *4200 acres,* the land mass will certainly eclipse that of any other giga factory, _but to my knowledge,_ no one has ever said that the Giga Mexico factory footprint will be 4000 acres which you have illustrated. This would be a whopping footprint of @ *174 million sf !* ( VW Wolfsburg = *70 million* sf. Hyaundai Ulsan = *54 million* sf. Giga Texas = *10 million* sf. Boeing = *4.3 million* sf. ).
As usual a great video. I see you give a lot of information from some other markets but I am surprised you don't pay much attention to China in your videos. I live in China for over 5 years, I bough a made in Shanghai model 3. I love it, it's amazing but I need a bigger car for my family and most likely my new car will be a Chinese EV brand. You have no idea how good are becoming Chinese EV. I would like to buy a model Y but in China I can have a car that is bigger, has a cooler design, more features, same range, same acceleration and a very decent software including self driving, for the same price. I might even buy a Nio ES6 which is more expensive than Tesla but it is a really really nice EV. After doing several test drives is very difficult to say with confidence that Teslas are better. It is a pity that most people can't see what is really going on inside Chinese EV industry. Anyway, I hope you can cover more about that in your videos!
All your news about the 'Quality' of Chinese Manufactured EV's ... is a 'Doomsday' message for Europe's Car industry, (and the soon to follow 'hit' to America's manufacturers). Still, Progress must go on ... Thanks for your info !
Perfecto. Bien hecho. Muy buen trabajo.
I don't think it was mexico but rather nuevo Leon itself that enticed tesla. Nuevo Leon and the monterrey area has decades in automotive manufacturing. Everything from the LEDs, engine parts, all of it can be manufactured there, the industrial infrastructure already exists. That's not even scratching the surface of supporting industries like cemex (mexicos largest cement producer) for the construction of roads and factories. All of it within one small state. Add to that a 2 hour drive to the border, and it's a no-brainer. The cheap labor is just a side bonus
Not exactly a new topic but certainly a very interesting perspective on it. I like your way of researching and regrouping facts and I felt your conclusion makes a lot of sense.
Thanks for this video and actually thanks for your channel that I found increasingly interesting over the last months.
This is the most informative video I've seen on this topic.
Thanks for all your hard work
the fact that we can ship goods to literally anywhere in the world without adding the Panama Canal
Fee or import fees on most mayor countrie is an advantage that no other country has, Nuevo León is close to the Tehuantepec isthmus where you can send good to Asia, Oceania, central and South America and Africa
I live in Los Angeles and have never been to Mexico but have always desired to visit. Some folks here in LA have scared me but I haven't changed my mind but don't know where to go as I have no connects over there. If I have one weekend, what would be the best recommendation for my trip?
Yucatán for sure, maybe Guadalajara and CDMX
I don't believe the ramp up of Giga Mexico is going to take as long as you think - sure the very initial training and phases 0-1 may be slower BUT the very fact that it is designed to produce cars much more efficiently/quickly (wasn't it 35% quicker?) should mean that they'll be able to hit those early metrics faster and faster, imo.
I predict that while it may indeed take twice as long to hit 1000 vehicles per week, barring any unforeseen problems they'll probably hit 5000 vehicle per week in 2/3rds the amount of time as Giga Texas, and then they'll hit 10,000 production per week in half the time it takes Giga Texas ;?)
BTW it took Giga Shanghai over 10 months from ground breaking to production of cars to market.
@@russell2449 say we are conservative.......building a manufacturing center and having it spit out 5000 units per week , in less than 16 months, is mind boggling. If they get it to 12 months and amp production to 10K unit a week, and still require another 12 of such manufacturing centers, is surreal.
Canada on its own could support 4 such centers. That would be enough production for its market and bleed into border states.....all at a discounted US dollar ( 30%) and a strong workforce.
Settle down pocket protector the first displacement of earth by bull dozer hasn’t even take place yet 😅
@@mimusic1853 WTF does that have to do with anything I stated??? Put a cork in it, no one asked for comments from the peanut gallery 😅🤣😂🥱
Great info & insights! Thx. 😀
This video is informative. Much liked.
That’s a lot of Acer computers!
Hope all construction employes and the plant employes got the best payments, mexico has a problem w the workers salary, kinda suspect that this gigaplant is going to bring more profit due to this issue, getting paid 500 dollars per month it is good but not enough, although this plant is a way bigger oportunity for the state and the region.
Mexican citizens need to be equitably rewarded for their hard work and enviable family values!
Love this channel!
Tesla knows very well what he is doing. It recently was discovered in México to have the largest mines of lithium in the world. México also has a surplus of highly trained ingeneers. And, next door of USA.
“This is because we’re idiots, who don't know much about the global economy.”
Bwahahaha!🤣🤣🤣 Awesome😂!
This is the car I'm waiting for.
Your video and explanation is outstanding . 🙌👏
6:54 I nearly spit my coffee at Average Compact Car Driver 🤣🤣🤣
Haven't Maquiladoras been in existence for decades in Mexico ? Car manufacturing has been going on for quite awhile. Tesla will need at least 15 plants of this size to meet its stated goal of 20 Million vehicles a year. Every continent may have at least one. Tesla has revolutionized the industry. Not sure how ICE is going to meet the challenge.....Perhaps just licence and build GigaFactory's.
( which in themselves are a market of their own )
This is a whole new ball game sonny get with the program😮 you will soon see the meg -richness of Mexico
As a mechanic I can say that any cars/parts made in Mexico are pretty darn good, well I only know about the parts so far...I don't know how to work on an electric car, call Rich.
Have you tried to use a distributor cap from mexico on a small block ford ? they need to pull it off our shelves in our parts stores. They don't work .
@@sandmantk4901 I have actually, and I have had relatively few problems with them, might be time to ditch the dizzy and upgrade to a modern system would also be a valid idea.
great content thanks
Who designs, builds and programs all those robots? That's what's amazing to me.
Thanks for a very good breakdown.
I don't think expanding chinese operations to serve the american market would make any sense given the logistical issues and additional costs that would generate, obviously proximity is a critical factor, not mentioning the political risks such as higher tariffs
Other than for batteries, which imo will still lag car production in the US for the next 1.5 years, I agree, but there's a very LARGE Asian market that's just opening up so imo they'll be able to absorb all the excess production by the end of the year ;?)
_"...mentioning the political risks..."_ 🚧 Absolutely!
And sorry but you're WRONG about vehicle size in the US! YES we consume more pickups and large SUV's per capita than any other country in the world but, with the exception of largely rural dominant states, you're much more likely to see a subcompact, compact or small hatchback (up to and slightly smaller than the Model 3) than you are a larger car. So there's a HUGE market in the US for a compact/hatchback vehicle, they should even DOMINATE sales in the vast majority of urban markets!!!
ALSO I NEVER heard anyone say that G-Mex isn't going to produce cars for the US market, please SHOW ME A QUOTE where Tesla says this!!!!!
@@russell2449 I agree with you there,
And if I have to slither down to Mexico and drive my little Tesla 2 hot hatch back to Murica myself, I will do so 🧐
@@russell2449 starting in 2023 electric cars made in Mexico and bought in the US will qualify for the $7,500 EV tax credit, make no mistake that is the reason all of the sudden Tesla has decided to build in Mexico, they will be doing a ton of importing to the US from Mexico.
@@anthonyd.8067 I agree, that's why I'm wondering where he got his information from because he made it sound as if he KNEW cars made in G-Mex weren't meant for the US market which is absolute nonsense imho ;?)
PLUS, and this is KEY, there's a HUGE PENT UP DEMAND for affordable EV's, MILLIONS of Americans WANT a Tesla and just can't afford to spend close to $40K for a new car, but if the "Model 2" actually manages to come close to the predicted $25K, that's going to open up a market of millions of new customers!
1:32 "Acers" noice😁😂
1:39 Misspelled Acres
When when FSD and robotaxis up and running, surely Mexico made Model 2 will travel north (and every other direction)
Teslas I'm sure have to use some sort of oil that must be changed once in a while, they're still using rotating parts which cause friction.
0:28 I'm going to hage to say. On a different channel I did wish and hoped for a Tesla Mexico factory. They have good labor cost and the quality is very good especially since the work force in Mexico is actually not something a lot of people know.
And I had people diss on me about my wish but I guess I ended up getting the last laugh :)
The US could have had Tesla factories serve all of North America, but once the unions started making noise, the risk the Tesla factories unionize, and risk of inevitable productivity collapse, cost increases, and strikes made going to Mexico to hedge its bet more likely.
I see I click
I see I comment
It make sense to not have any car smaller than 3 in US. 3 is already borderline small for 4 people. Considering efficiency, safety, and proven model 3, it does not make sense to make a smaller model. Rather Tesla should make a new model or keep discounting prices.
I think they should both because ever since the model y been cheaper everyone start to order it and they just took delivery everyday new 2023 model y on the road
Great job.
Very welcome thanks
I'd be shocked if they don't import to the states
Why would they? You can't claim the $7,500 ev tax credit unless the car is final assemblied in the US as per the new Inflation Reduction Act tax rules
@@LincolnLog USMCA ensures that cars assembled in Mexico and Canada will be favored by the US Tax Credit.
Mexi c o is going to be a RICH first world country and USA will be Demoted to 2nd world cuz Newscum drove Nesla out of Cali😢😂
I lived in Mexico for several years many years ago. They have a good work ethic. There are several powerful cartels operating in that region. They have gotten more powerful and ruthless with the open border policy and drug trafficking. Also, bribery is common practice in Mexico. I hope that Tesla can safely establish the facility.
RE: The Cartels: Perhaps the USA's next president, will do something about those cartels...
They will be fine, cartels are not going to mess with tesla. More money in the country.
I hope they can change it and also help with the migrant situation in a small way. Seeing as the factory is moving towards a dark factory.....they won't employ the thousands traditional factories used to. ....but it offers hope and a catalyst for more industry. That means more work. More opportunity.........now its for Governments to do the heavy lifting and act responsibly. Elon is doing his part.
@@larrylong9367 Perhaps, if You don't use drugs ...!
you think there going to fuck around with the richest person in the world
Wishing you satisfaction and success .
GREAT UD WILL SAVE SOOO MUCH
The state of Nuevo Leon is deeply struggling with lack of water. There's hardly enough water for people, let's see how it goes for the industries in the future.
*was struggling, I am from Monterrey. We have lots of water unfortunately the breweries take so much water and the state government usually prioritizes them over their citizens. We struggled with a drought for a moment but we’ve had water for months now.
Elon Musk agreed with President López Obrador to help with technological solutions for the water issue.
Hey 'Space', this is a very good video, stocked with good information and Excellent Observations ! (Unlike Tesla ZONE, a crock of Shat)
That location is also right down the road from his SpaceX port, where he'll be spending a lot of time. So easy to go back and forth.
I believe Mexico also has a free trade agreement with Canada 🇨🇦
Yes, via the USMCA, but Canadians, like Americans, also tend to want larger cars.
@@RealGrouchy not necessarily - we like vehicles that make sense. Not all of us want a pickup or SUV. The Honda Civic has sold very well. A 5 door hatch would be an excellent urban commuter. Times are changing.
@@liviofazi4017 I have to agree with you.
“Giga Mexico will be making cars for.. Mexicans” 😂
this is the second time I’m watching this video. such a good video.
Don’t forget, Mexico recently discovered a huge Lithium reserve in the state of Sonora in fact, one of the largest reserves in the world, Mexico’s plan is to only distribute and sell the brute product to factories with a presence in Mexico or to companies with national investment abroad. This was very smart by AMLO so the product can directly benefit the Mexican population going forward. Elon Musk knew he had to invest in Mexico in order to benefit from the lithium reserves.
Could that also be the reason why some US lawmakers want to invade Mexico? For their lithium reserves.
Not to mention the cheap labor.
Mexico has 0.9 million metric tons of reserves of lithium, just like the US and Canada. Chile and Australia have the largest in the world, so no, the selling power is not in Mexicos side on this one. Chile, Australia, Argentina and China have the power of lithium. And now, scientists have discovered a method to extract lithium from the ocean, check mate on the reserves. And Japan just released sodium batteries... no need for lithium in the near future.
@@carloszenteno it's is my boy since mexico is closer and has free trade with the US. Money wise is still better investment. How much money would it take and time to logistically move goods through Argentina, chile and Australia.
Forgot to mention the istmo de tehuantepec which will make of Mexico a new world logistics hub… the Aztec empire is finally free of the shackles that the United States and Europe put us under.
You mean the Kingdom of New Spain, which was a huge North American state, the center of global trade between Asia and Europe... there was never an "Aztec Empire"; (that little thing was half the size of present day Spain), and most Mexicans don't have "Aztec" ancestry; they do have Spanish however, and other indigenous ancestry...
Bro go back to Spain or something… don’t be changing my narrative for your own self interest 😡
Good one
7:40 I was searching for the most concise factor affecting Mexico’s economic future and I found it! Mexico has free trade agreements with 50 countries- the U.S. only 20 for example.
Mexico will transition away from being dependent on the U.S.. The transition will not be instantaneous. Thus expect Mexico to be temporarily affected when the West collapses economically, but not for too long.
Good job. Also, Mexico produces massive amounts of production engineers compared to the U.S. Mark that as another failure of American education and awol industrial policy.
I hope you can sell them in Mexico. I only buy America.
the majority of cars sold in the states are made in mexico haha
@@8.4.8.2 Laugh when your job goes to Mexico. Yes, its true, the rich have destroyed America sending all our factories away. Jefferson said freedom must be refreshed by the blood of patriots and tyrants. My dad opened a car repair shop that made him a millionaire and cars or parts made in another country incurred an extra charge.
Well, Mexico is in the continent of North America...