Tesla CEO says Republican victory hurts electric cars and halts construction of factory in Mexico
Tesla does not support Donald Trump. On the contrary, the brand fears him. CEO Elon Musk has denied reports in recent days that he is creating a fund to finance the Republican presidential candidate. The truth is, however, that the matter is still very much up in the air, and the Wall Street Journal continues to support this theory.
Be that as it may, the latest news on the US elections is as follows: Tesla is halting construction of the Gigafactory in Mexico precisely because it fears that Trump will win the election and, once in the White House, reduce support for the green transition.
A new President expected
The Mexican plant could also run into other problems. Trump has announced on several occasions that he also wants to impose tariffs on cars produced in Mexico and destined for the US market.
It is clear that this decision would considerably reduce the profitability of the Gigafactory, which is supposed to be built near the city of Monterey and which would establish itself as the largest car factory in the world. The best thing to do, therefore, is to postpone any decision until after the elections.
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