Tesla’s Elon Musk Visits Mexican Border State, Considers Investment: Report

Elon Musk is considering an investment into Mexico border state Nuevo Leon, according to two sources familiar with the matter in a report from Reuters.

One of the sources said that Musk met with local officials in Nuevo Leon, including Governor Samuel Garcia and U.S. ambassador to Mexico Ken Salazar, with the meetings taking place on October 23.

The source also said that Musk is looking at Santa Catarina, which is a wealthy municipality on the outer edges of state capital Monterrey.

However, the sources did not detail what Musk’s potential investment would be. Neither Tesla, the U.S. embassy or a Santa Catarina representative responded quickly to requests for comment, while a spokesperson for the Nuevo Leon government declined to comment.

Musk’s visit to the Mexican state was reported originally by local media, with many outlets sharing photos of Musk, including one with Garcia’s wife, Mariana Rodriguez. Garcia also shared some of the articles on Instagram, even tagging Rodriguez and captioning it “Look, look,” without any additional notes.

Earlier this year, Tesla suppliers gained an exclusive lane at the Texas-Mexico border crossing to help expedite trade across the border.

Musk said earlier this year that Tesla could announce the next Gigafactory by the end of this year, and reports from over the summer held that the automaker is considering its next factory in either Mexico or Canada.