2024-07-30 12:51:20
The tech mogul, Elon Muskannounced that it will stop the investment in the plant Tesla in Mexicoat least until the presidential elections are held in USA in November.
In a video conference with some foreign media, the owner of the social network X, said that they first have to understand what is happening with the Possibility of imposing tariffs on electric vehiclesas proposed Donald Trump.
“I think we have to see what happens with the choice. Trump has said he will put tariffs on vehicles produced in Mexico. So there is no point in investing a lot in Mexico if that is going to happen.”
Musk had bet on Monterrey, Nuevo Leon, to open a new electric car plant with a huge investment of 5 billion dollars, but the idea has been fading over the months, first the plant was closed recruitment and then he had conveyed the message that it would still take a long time to fully reach our country.
Apparently in 2026 the first low-cost electric vehicle would come out of production at the Mexican plant in Musk, But now this project remains uncertain and perhaps a mere dream.
Jorge Arturo Gordillo Arias, director of financial analysis of the CI Bank, He reviewed that Elon Musk’s message is actually just a pause in the total arrival of his investment to our country. “These doubts about investing in Mexico are not only due to Trump’s message, but because several obstacles have been put in his way, but it is necessary to emphasize that if he is postponing it is because he is not yet convinced of what can happen.”
He commented that this is not going to stop the nearshoring but it may spread to some other investments that decide to wait for the outcome of whether Donald Trump will come to power in November.
He added that in a certain way the T-MEC It protects us, if the Chinese assemble their cars here or not, which is the fear that they have. USA, Assembling them here in the country gives us access to enter the trade agreement, because that is how it is established.
Whatever happens in the coming months with the sanctions for exports to the neighboring country, the discussion that will take place will be the entry into the renegotiation of the trade agreement between the three countries that are has to give in 2026 and there without a doubt Trump, If he is president, he will want to adjust several things that could have an economic and commercial impact on our country.
He stressed that trade with China is very restrictive, there are already tariffs, in some way everyone is looking for economic protectionism and how to defend themselves from what they are seeing as unfair competition, but it is undeniable that the Chinese They are producing good technology and in the case of cars, they are cheaper.
If Trump wins the presidential election, Tesla may never reach Mexico, he warned Gabriela Siller Pagazadirector of the Tec de Business School Monterrey, Because the New Yorker will want to impose new rules, new tariffs, especially on the Chinese economy, and although there is the USMCA, if he also lowers corporate taxes so that factories stay in the United States, that will give them greater competitiveness.
In a certain way it was already expected that Tesla will not arrive, there was already speculation and this could also scare away more foreign investment that will reconsider whether or not to come to the country, commented the chief economist of Banco Base.
This decision will cause the land where the plant was to be installed to lose value and fall in price, and the surrounding industrial parks where the plant was to be installed will also lose value. Elon Musk, The Tesla effect could now scare away other companies, he insisted.
This decision in particular does stop nearshoring, “it is not a determining factor, but what is underlying is the lack of electricity, water and infrastructure that will be factors that modify the arrival of investments”.
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2024-07-30 12:51:20