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@petroulaterzaki2514 Жыл бұрын
I like much Mexico and Tesla intelligent positivism and dynamism .
@AquarianSoulTimeTraveler Жыл бұрын
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.
@f1s2hg3 Жыл бұрын
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.
@f1s2hg3 Жыл бұрын
Tesla will finally make what Americans want to drive after they get the World driving electric cars.
@joseluisartiaga1874 Жыл бұрын
cartel chose hahahahaha get it.!
@baddas380 Жыл бұрын
Also Mexico is known to have one of the biggest sites of rare mineral to make batteries
@Zeeangelofdeath Жыл бұрын
This right here ☝️
@_hector__ Жыл бұрын
USA already wants to steal it from us
@sescal1038 Жыл бұрын
The Largest lithium mine in the world is in Mexico 🤑
@luispedraza6267 Жыл бұрын
@@sescal1038 Mexican lithium is only for Mexicans
@quandingleberry445 Жыл бұрын
Yes lets exploit the workers and pollute the lands for these batteries.
@AngelGdo Жыл бұрын
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.
@glizzyketchup5822 Жыл бұрын
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?
@corneliosoria582 Жыл бұрын
@@glizzyketchup5822 7 bro🤙
@tishofikini277611 ай бұрын
@@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.
@jgr8540 Жыл бұрын
Seeing how fast the Mexicanos work they'll have the giga factory Done in a month
@daroz5351 Жыл бұрын
With beers 🍻 is done in 2 weeks
@thegianttreeservice63 Жыл бұрын
@@daroz5351😂
@angelosrealm8765 Жыл бұрын
😆😆😆
@jovannyflores9422 Жыл бұрын
Facts 🫡🇲🇽. 🍻🍻🍻 🌮
@AnjewTate Жыл бұрын
@@daroz5351 With beers AND 🦜❄️, they’ll be done in a week!
@Dave-mt4dh Жыл бұрын
Time to shift as much global manufacturing needed from China to Mexico. ❤🇲🇽 and it’s people!
@justiceforall007 Жыл бұрын
So true! ❤️
@platoon1081 Жыл бұрын
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!
@oppionatedindividual8256 Жыл бұрын
@@platoon1081 the honour? Jesus Christ what an American supremacist.
@lmvr127 Жыл бұрын
@@oppionatedindividual8256 you don’t have to be a supremacist to recognize China’s bullshit
@thor1186 Жыл бұрын
@@platoon1081 si VIVA la Cartels , mucho fentanyl ........ ARIBA!!!!!!!!!!!!!
@romancarrillo462 Жыл бұрын
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 .
@deality Жыл бұрын
Yes exactly
@deality Жыл бұрын
Yep better price
@omegadeepblue1407 Жыл бұрын
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.
@hoguri1716 Жыл бұрын
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)
@hoguri1716 Жыл бұрын
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
@jamesshiff9597 Жыл бұрын
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.
@Gdrtffd Жыл бұрын
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.
@Gdrtffd Жыл бұрын
*"LINDA PEREZ LEWIS".*
@Gdrtffd Жыл бұрын
That's my licensed Financial advisor you can easily look her up, Thank me later!
@stevetypebeats6493 Жыл бұрын
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
@eliasmora715 Жыл бұрын
Mexico is in a perfect moment to grow...
@goatbebryant4915 Жыл бұрын
Y si va a creser
@explosivescottie46416 ай бұрын
Not really, too many terrorists there
@Firestorm637 Жыл бұрын
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
@charliebrownn6622 Жыл бұрын
Here in Hermosillo Sonora Mexico we have the Ford factory with the Bronco, we also made the Lincoln MKZ in the past
@astriddiaz7836 Жыл бұрын
Many Japanese companies are in Mexico too
@q1000q Жыл бұрын
I heard even 200 Chinese companies, Mexico is the new china china
@kelliparra2483 Жыл бұрын
My VW was made in Mexico
@my2cents395 Жыл бұрын
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.
@lih-fk8by Жыл бұрын
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
@ramonleon9975 Жыл бұрын
@@lih-fk8by That's right, and President Lopez Obrador has already spoken with Elon Musk about Sonora's lithium.
@Ankhyl Жыл бұрын
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.
@goatbebryant4915 Жыл бұрын
Mexico president is the best one yet
@GothAudiophile Жыл бұрын
@@goatbebryant4915Yes he is. He's amazing!
@anthonyd.8067 Жыл бұрын
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.
@InformedKiwi Жыл бұрын
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.
@SuperAllpeople Жыл бұрын
You say it. Mexico qualifies for the 7500 $ NOW. But you cannot expect that this stays like this for years.
@brunoheggli2888 Жыл бұрын
No the main reasons are cheap prostituts for Elon!
@drakemia4079 Жыл бұрын
How is there pollution problems
@alejandromoreno5056 Жыл бұрын
don't think tesla cares about tax credits
@Sarah-fegari Жыл бұрын
Not only Tesla, a lot of Korean industries are already in Monterey, México.
@jhonatanalvarez05 Жыл бұрын
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.
@RegentDeMarquis005 Жыл бұрын
Thanks for keeping the truth in retrospect of the news. 🎉🎉🎉🎉
@Qaz8723 Жыл бұрын
Chillll cuz we all know it gets cold asff from 8 p.m-10 a.n
@omegadeepblue1407 Жыл бұрын
And corrupt politicians
@ABEL-cd2sp Жыл бұрын
@@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
@Hostessmoses Жыл бұрын
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.
@ericg.2039 Жыл бұрын
Japanese and German brands are moving to Mexico as well.
@Frank71 Жыл бұрын
VW has been in Puebla, just about forever.
@stevefritz5182 Жыл бұрын
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.
@kabysummit5801 Жыл бұрын
Trains and trucks
@stevetypebeats6493 Жыл бұрын
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
@miguelusaf1310 ай бұрын
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.
@metatechhd Жыл бұрын
🇲🇽👏 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! 💪🌟📈
@joaop4585 Жыл бұрын
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👌👏
@ABEL-cd2sp Жыл бұрын
@@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.
@hbp832 Жыл бұрын
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.
@FranciscoHernandez-wd9gt Жыл бұрын
@@joaop4585shut up bitch Mexico has the potential to do great things we are heading to the next world power 😎🇲🇽
@mojavedesertsonorandesert9531 Жыл бұрын
Remember, Bender from Futurama was made in a high tech plant in Tijuana, MX! Bender Rodriguez! 🤖🤖🤖🤖🤖😂👍
@mariolis Жыл бұрын
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
@mollymarcone3033 Жыл бұрын
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 😊👍🏽
@Jan96106 Жыл бұрын
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.
@platoon1081 Жыл бұрын
💯!!
@Zeeangelofdeath Жыл бұрын
This is true, Mexicans put in more work on the clock than any other There is a video about it
@donald8354 Жыл бұрын
@Javier Valencia Buen punto. Buenos deseos.
@moisesojeda1085 Жыл бұрын
Mexicans only work hard in the US 😂 soy Mexicano del estado de Jalisco
@Cesarlupercio Жыл бұрын
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)
@factchecker9358 Жыл бұрын
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.
@ericblanchard5873 Жыл бұрын
The vid literally said just that
@russell2449 Жыл бұрын
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 ;?)
@ReadingOcelotl Жыл бұрын
Why do i need to pay import taxes then when things come over from europe?
@123456qwful Жыл бұрын
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
@gilgarza2903 Жыл бұрын
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? 😕
@xXxIMMORTALxXx11 ай бұрын
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?
@gilgarza290311 ай бұрын
@@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. 😂
@greglenoir8363 Жыл бұрын
As usual, you present new Tesla information in a clear and enjoyable manner.
@paulantuna3220 Жыл бұрын
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.
@starshipcaptain4753 Жыл бұрын
A vehicle smaller than a 3 doesn't have to be tiny just smaller which many in the US like me want
@Ridingthewaves305 Жыл бұрын
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!
@onizuka7492 Жыл бұрын
It really is that why a lot of Americans are looking for property to buy in mexico
@lizettenmiguelgarcia2385 Жыл бұрын
Usa would not allow it,cmon we all know it
@jessecortez9449 Жыл бұрын
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.
@jhonatanalvarez05 Жыл бұрын
The US profits as much from the Cartels as the Cartels themselves if not more so that will never happen
@jrighteous1984 Жыл бұрын
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 ..
@datboidego Жыл бұрын
One things about Mexico is that they know how to work and like doing it
@lucio.martinez Жыл бұрын
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! 🇲🇽
@Milanor Жыл бұрын
Cual gente? Que no escuchaste que la fabrica va ser altamente automatica? Los especialistas que ocupen los van a jalar de afuera.
@AlexPerez-lt6tu Жыл бұрын
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.....
@lucio.martinez Жыл бұрын
@@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.
@GothAudiophile Жыл бұрын
@@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... 🙄
@pauljackson171 Жыл бұрын
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!
@user635jdgt76n Жыл бұрын
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.
@joaop4585 Жыл бұрын
Just need to make sure that is followed. A certain "technological" billionaire has quite a history of exploitation...
@bhutchin1996 Жыл бұрын
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.
@kimutone2970 Жыл бұрын
"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.
@eco_guardian Жыл бұрын
I'm canadian and I hope the Model 2 is available here, it would make a great second car
@Mauricioguadiana Жыл бұрын
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!
@TylerTheDrake Жыл бұрын
Your content is always top notch, thank you!
@brunoheggli2888 Жыл бұрын
No it isnt!
@espinozamonsivaisluisangel4123 Жыл бұрын
Soy mexicano y trabajo fabricando can-am en brp doy gracias a la inversión extranjera por permitir desarrollarme económicamente. 🇨🇦🇺🇸🇲🇽
@oscarwalton1188 Жыл бұрын
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
@arlenbell4376 Жыл бұрын
Soon all car manufacturing will be in Mexico and we’ll see reverse migration back there for the jobs.
@bhutchin1996 Жыл бұрын
Central America outside Costa Rica and Panama would be a lot cheaper and closer to the South American market.
@AleCardenasRealtor Жыл бұрын
Mexico is a world power to be awaken
@georgeginsburg545 Жыл бұрын
Another excellent video by the Tesla Space channel. Glad to learn why the new Mexico site is so good.
@jcarlosquebrado6716 Жыл бұрын
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.
@corpmex Жыл бұрын
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
@henrysantos121 Жыл бұрын
*I'm so glad for all Mexican citizens*
@eugeniustheodidactus8890 Жыл бұрын
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. ).
@justiceforall007 Жыл бұрын
This will help Mexico's economy and provide good jobs. ❤
@colinchampollion4420 Жыл бұрын
Yes but USA will become a poor country eith NO good jobs
@slothymango Жыл бұрын
Yeah until the cartels take it over and retool it into a weapons factory
@ElRecopilador-wz9dn Жыл бұрын
It's nothing new. All car manufacturers produce cars in Mexico for medium-income countries. Those cars are cheaper, simpler, but oh boy they last. Even the German cars for medium-income countries are not over/engineered like the Jettas. In Mexico they still sell the standar first world models, but most people don't like those because they fail all the time and are expensive to repair. So companies make more reliable cars for that market in terms of mechanics, but oftentimes they sacrifice safety.
@LOWTONER Жыл бұрын
Odd that you didn’t mention the massive lithium stores in Mexico - largest reserves in the world.
@latino_God Жыл бұрын
I thought the largest lithium reserves were in Chile?
@WayApp Жыл бұрын
Fascinating video! Thanks for shedding light on the real reason behind Tesla's decision to choose Mexico.
@simonromijn3655 Жыл бұрын
Proximity to Austen has also been cited as a key reason for siting the new plant in Monterrey.
@gerardoarenasss Жыл бұрын
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
@jaquelinefaivre4340 Жыл бұрын
Great video! Also, Mexico, especially Nuevo Leon, Juarez, and other. Top cities in Mexico are incredible knowledgeable in manufacturing....which is extremely important.
@spiritualwarrior4484 Жыл бұрын
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...
@russell2449 Жыл бұрын
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 ;?)
@russell2449 Жыл бұрын
BTW it took Giga Shanghai over 10 months from ground breaking to production of cars to market.
@liviofazi4017 Жыл бұрын
@@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.
@mimusic1853 Жыл бұрын
Settle down pocket protector the first displacement of earth by bull dozer hasn’t even take place yet 😅
@russell2449 Жыл бұрын
@@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 😅🤣😂🥱
@Oreo-xc9sd Жыл бұрын
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.
@Luiwashere Жыл бұрын
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.
@platoon1081 Жыл бұрын
Mexican citizens need to be equitably rewarded for their hard work and enviable family values!
@JesusForNations Жыл бұрын
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?
@gavrieloptc149 Жыл бұрын
Yucatán for sure, maybe Guadalajara and CDMX
@afmhkmcb Жыл бұрын
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!
@larrylong9367 Жыл бұрын
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 !
@gj1234567899999 Жыл бұрын
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.
@mypmyp1639 Жыл бұрын
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.
@msbgone Жыл бұрын
I feel the stock going up already! Good vid! Thanks!
@regolith1350 Жыл бұрын
6:54 I nearly spit my coffee at Average Compact Car Driver 🤣🤣🤣
@Anonymint-vj7bt Жыл бұрын
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.
@russell2449 Жыл бұрын
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!!!
@russell2449 Жыл бұрын
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!!!!!
@awabooks9886 Жыл бұрын
@@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 🧐
@anthonyd.8067 Жыл бұрын
@@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.
@russell2449 Жыл бұрын
@@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 ;?)
@russell2449 Жыл бұрын
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!
@liviofazi4017 Жыл бұрын
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 )
@colinchampollion4420 Жыл бұрын
This is a whole new ball game sonny get with the program😮 you will soon see the meg -richness of Mexico
@arthurwagar8811 ай бұрын
Who designs, builds and programs all those robots? That's what's amazing to me. Thanks for a very good breakdown.
@Nerdmom1701 Жыл бұрын
“This is because we’re idiots, who don't know much about the global economy.” Bwahahaha!🤣🤣🤣 Awesome😂!
@sebholding Жыл бұрын
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
@russell2449 Жыл бұрын
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 ;?)
@douglasburnside Жыл бұрын
_"...mentioning the political risks..."_ 🚧 Absolutely!
@pya2006 Жыл бұрын
That’s a lot of Acer computers!
@casualsuede Жыл бұрын
Makes sense, Mexico has a free trade agreement, is next to america, has cheap labor and well established rail transport. And Mexico is very advanced in car manufacturing history.
@schwags1969 Жыл бұрын
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.
@sandmantk4901 Жыл бұрын
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 .
@schwags1969 Жыл бұрын
@@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.
@frederickwelsh Жыл бұрын
Your video explains so much with relevant video and graphics. Great job!
@mariolis Жыл бұрын
Just because MOST Americans dont want small cars doesnt mean they shouldnt make their small car available for purchase in the US at all Thats how traditional manifacturers work , localising what they offer When you buy a tesla , you do it from their website that other than language, is more or less identical in all countries Limiting what you can buy based on where you live is common in the automotive industry but not something Tesla has been ever keen on doing
@mynameis11111 Жыл бұрын
I feel like people have said that Mexico was going to be the new china a couple of years ago, because chinas labor wages are increasing, so there really isn’t cheap labor in china anymore. The cheap labor is in Mexico, and there’s more space in Mexico as well, also the younger generation favorite cuisine is Mexican food, I feel like Mexico will have a big boom in all areas in the next 10-20 years, I think there will be more businesses in Mexico and hopefully it’ll make it safer
@kabysummit5801 Жыл бұрын
Hopefully the Mexican government will lead in the right way. Corruption has been the elephant in the room
@rogerpoppen2651 Жыл бұрын
This is the most informative video I've seen on this topic.
@YTYTYTY7 Жыл бұрын
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.
@vce.john1734 Жыл бұрын
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
@begcoins Жыл бұрын
It's not about labor cost anymore, it's about having control during high tension geopolitical times while also cutting delivery time. Shipping from China has never been cost effective for most corporations so Mexico will replace most Chinese manufacturing.
@JesbaamSanchez Жыл бұрын
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 :)
@thretlite Жыл бұрын
This is the car I'm waiting for.
@billbell3737 Жыл бұрын
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.
@larrylong9367 Жыл бұрын
RE: The Cartels: Perhaps the USA's next president, will do something about those cartels...
@Hugo-py2ce Жыл бұрын
They will be fine, cartels are not going to mess with tesla. More money in the country.
@liviofazi4017 Жыл бұрын
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.
@josehdz7743 Жыл бұрын
@@larrylong9367 Perhaps, if You don't use drugs ...!
@Zeyek1 Жыл бұрын
you think there going to fuck around with the richest person in the world
@juliocesarzermenolotina3708 Жыл бұрын
In México, it’s been nonstop talk about Tesla for a year. Up until the announcement, the Mexican press had been pitting different states against each other. Before the announcement of the new factory in the outskirts of Monterrey, Nuevo León, even, the president of México, Andrés Manuel López Obrador, made some very public comments about Tesla.
@arvaneret_329 Жыл бұрын
En inglés se escribe “Mexico”.
@jdemosth Жыл бұрын
1:39 Misspelled Acres
@kenplant91 Жыл бұрын
I'd be shocked if they don't import to the states
@LincolnLog Жыл бұрын
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
@gide6212 Жыл бұрын
@@LincolnLog USMCA ensures that cars assembled in Mexico and Canada will be favored by the US Tax Credit.
@colinchampollion4420 Жыл бұрын
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😢😂
@bajaboy27 Жыл бұрын
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.
@nrich5127 Жыл бұрын
Labor costs - existing trade agreements - proximity to US - relatively friendly stable government.
@vaultofideas Жыл бұрын
You said it first (the reason why you didn't see México as an option), that was an honest statement.
@soundslight7754 Жыл бұрын
When when FSD and robotaxis up and running, surely Mexico made Model 2 will travel north (and every other direction)
@bob38161 Жыл бұрын
I see I click
@BlaziNTrades Жыл бұрын
I see I comment
@enargins Жыл бұрын
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.
@pauljackson171 Жыл бұрын
Also to note with Mexico & free trade, they're particularly close with Japan. Not immediately intuitive but over course of events trade with each other products & repeatedly are the 1st one to step in with aid for one another when experiencing a natural disaster. Then there's the stereotypical trade of labor with the U.S., although from the looks of it shifting to more a trade of products. Sorry situation of at the federal level not focusing on infrastructure investment to that purpose, more like local municipalities if they're up for it, but still over time gearing up to produce tools that produce stuff (similar to Tesla's philosophy of building the machine: gigafactory, that makes the machines). Would be nice if this factory gets pulled off, add jobs down south, make it so people who don't want to go north to get by can stay there & build up for retirement, while upping quality of life with tesla products of their own!
@AR-lz2br Жыл бұрын
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.
@u2b891 Жыл бұрын
*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.
@ramonleon9975 Жыл бұрын
Elon Musk agreed with President López Obrador to help with technological solutions for the water issue.
@l.a.ramslvr3143 Жыл бұрын
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.
@luciensartikilledjohnf.ken1689 Жыл бұрын
Could that also be the reason why some US lawmakers want to invade Mexico? For their lithium reserves.
@felipenunez2058 Жыл бұрын
Not to mention the cheap labor.
@carloszenteno Жыл бұрын
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.
@felipenunez2058 Жыл бұрын
@@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.
@noangel3652 Жыл бұрын
We don’t have charging stations in America that can handle the number of electric cars here🤔 What’s Mexico going to do
@thibauddrion8501 Жыл бұрын
Well the concept of near shoring is a bit far stretched here… moving cars is super costly, much more than moving parts, so I guess they did their maths, but it is still a quite risky operation to implement one gigafactory in the north of Mexico to eventually serve the markets of countries that are undersupplied in electric outlets… I mean, South American countries are huge and a lot of these are not suited for electric cars. Indonesia would have made much more sense, even though they lack Mexico’s supplier density and knowledge…
@ConcreteLand Жыл бұрын
I believe Mexico also has a free trade agreement with Canada 🇨🇦
@RealGrouchy Жыл бұрын
Yes, via the USMCA, but Canadians, like Americans, also tend to want larger cars.
@liviofazi4017 Жыл бұрын
@@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.
@ConcreteLand Жыл бұрын
@@liviofazi4017 I have to agree with you.
@Oscvr11 Жыл бұрын
“Giga Mexico will be making cars for.. Mexicans” 😂
@FranciscoGarcia-yt2jm Жыл бұрын
I can't believe it. You all missed the main reason why the plant it's being build in my country. Li, yes, lithium, the most expensive most abundant mineral in the car, can be facilitaded by the government at a great price, because the government owns it. Also, my country was already among the main car producers of the world, with this plant we are going to take first place and pass China, India and Germany as the country that builds most cars in the world, that's a huge reason why our currency it's the most appraised currency of the world (may 2023).
@sferris335 ай бұрын
This factory could help people in other developing countries to buy evs and improve their air quality (India, Mexico, Indonesia, etc).
@WillieRowland-kx1wl Жыл бұрын
I hope you can sell them in Mexico. I only buy America.
@8.4.8.2 Жыл бұрын
the majority of cars sold in the states are made in mexico haha
@WillieRowland-kx1wl Жыл бұрын
@@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.
@joseanfigueroa8785 Жыл бұрын
Well, Mexico is in the continent of North America...
@factchecker9358 Жыл бұрын
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.
@Yuma305 Жыл бұрын
What I really don’t see anyone talking about is water. Last year the great Monterrey Metropolitan area had a severe drought. So severe that many municipalities across the region were cut off of there water supply for days, weeks, and some even left without water for months at a time. While industry is great for the economy, building yet another factory in one of mexicos driest regions will cause greater strain on the local water supply. Another 10,000+ workers coming into the region will need more homes for their families let’s average each employee to four members per family and you’re looking at another 40k people easily moving into a metro area that currently holds about 2.5 million people. This isn’t even tapping into the really crappy electric supply of Monterrey, which luckily it does look like the giga factory will produce some if not most of its energy needs. Economy and industry is great but neither Samuel Garcia or Elon Musk have invested in further infrastructure projects to support all of these new developments. Sure I’m a gringo that’s selfishly used to having water on tap 24/7 and be it a bad thunderstorm loose electricity, but when it’s hot and sunny most of the year I like to take a nice shower after work, have air conditioning when it’s 100+ degrees Fahrenheit or 40 degrees Centigrade. Tesla needs to work for this region elsewise the poor will loose out and the native Regio’s will be without water for years if not decades if we don’t build smart all these new companies and factories that want to near shore. And I should know I’m married to a regia and I work for an American company here in Monterrey. As excited as I am for the likes of Tesla, I’m worried about the infrastructure required to make it comfortable to continue living here. No matter what anyone says to create batteries millions of gallons of water will have to be pumped to Tesla. That’s already a debate in Germany, in Texas and even china were Tesla already strips the local water supplies down. This should have had time to research but the Mexican president didn’t have enough balls to fight the governor and call for congress to research the project before it was allowed. Sadly people like Elon know all to well that money buys votes in Mexico and can easily allow for these companies to continue to show up. I know it sounds harsh or reads harsh but try living without water for a few hours, days, weeks or even months. It gets old quick. And I’m lucky I live in San Pedro Garza Garcia were the income alots us the ability to never have utilities cut, but gosh I can only imagine how harsh it is for the average Maquinero or Maquinera.
@valienterf Жыл бұрын
Mexico is a great desision, mexico needs this and that will create good jobs for mexicans ❤ the move.
@Mexican01o101 Жыл бұрын
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.
@joseanfigueroa8785 Жыл бұрын
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...
@Mexican01o101 Жыл бұрын
Bro go back to Spain or something… don’t be changing my narrative for your own self interest 😡
@ericktellez7632 Жыл бұрын
Mexico has access to 50 countries’ free trade markets, or about 800 million consumers, it has the largest network of trade currently in the world, this happened because of its geographical position in the middle of the pacific and Atlantic as well as being next to the USA.
@tohro6969 Жыл бұрын
im surprised that they dont have access to china yet since the whole joining brics thing. Maybe sometime in the future who knows