Tesla may start production in Mexico as early as 2024
yorkfoto/E+ via Getty Images

Tesla (NASDAQ:TSLA) might begin production at its newly announced Monterrey, Mexico factory in 2024, according to the governor of Nuevo Leon. 
The stateâs governor Samuel Garcia indicated in an interview with Spanish outlet EFE that Tesla (TSLA) could break ground on its new factory before the end of March once final permits are granted. The first vehicles at the plant could be manufactured as early as next year. 
Garcia added in a statement that Tesla is key to attracting more investment and could bring aerospace, tech, and semiconductor companies to Mexico. He said that he foresees Nuevo Leon becoming the âgreen capitalâ of Mexico and is eager to see Tesla construct the multi-billion factory that he expects to attract suppliers to Mexico as well.
Read more on Teslaâs latest round of price cuts.