Since Elon Musk met with the influencer Mariana Rodríguez, wife of Samuel García, Monterrey is the main Mexican state in which Tesla has set its eyes to start operations.
Hidalgo, Veracruz, Tamaulipas, Michoacán and Puebla also raised their hands so that the automaker decide to invest close to 10 billion dollars in the installation of a gigafactory in their territories. However, Nuevo León is ahead due to its proximity to the United States, infrastructure, logistics and other advantages.
Nuevo León is the state with the third largest economy in the country, only behind Mexico City and the State of Mexico, according to the most recent information from Inegi. With a population of almost six million people, the royal economy produced goods and services for a value of 2 trillion pesos in 2021, which converted to dollars is equivalent to about 100 billion.
The state governed by Samuel García has a Gross Domestic Product (GDP) with the same size as Venezuela and Boliviawhose joint wealth was estimated by the International Monetary Fund (IMF) at 100 billion dollars during 2021. The first country generated goods and services valued at 59 billion and the second at 41 billion.
Nuevo León has a larger economy than Guatemala, Costa Rica, and Uruguay, whose GDP for each nation was estimated at $86 billion, $64 billion, and $59 billion, in that order. However, the wealth of the northern state pales in comparison to Tesla, considered the seventh most valuable company in the world with a market capitalization of 623 billion dollars, although in 2021 it came to be worth 1.2 trillion dollars.
In other words, the company led by Elon Musk is worth six times more than the entire economy of Nuevo León, where Governor Samuel García launched a Master Plan to guarantee water in the entity until 2050. Last week, the governor anticipated that the construction of the Tesla plant would take place in Nuevo León. However, President López Obrador said that it would be convenient for Musk’s company to establish itself near the Felipe Ángeles International Airport (AIFA).
“If there is no water, the permits will not be delivered. It is not feasible,” the president threatened a few days ago. “We want to talk to the directors of this company, we want to order growth to the north of the city (Mexico City) or the Valley of MexicoThere are already places in the country where there is not enough water and we have to take care of the water for domestic consumption, and one of the states that has problems due to lack of water is Nuevo León“said the president.
Tesla’s investment would represent about 28% of the Foreign Direct Investment that entered Mexico in 2022, whose entry will generate employment and economic growth, so that “we should help, instead of hindering his arrival“said Gabriela Siller, chief economist at Banco Base.
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