A view shows the urban area of the municipality of Santa Catarina near the land where Tesla has indicated it could build a new gigafactory, in Santa Catarina, on the outskirts of Monterrey, Mexico February 28, 2023.
Tesla announced the planned factory in the northern Mexican state in March, without providing a timeline for construction.
After a fraught process for Tesla to confirm its Mexico plans, investors are closely watching the automaker's next steps in the country.
Santa Catarina's Mayor, Jesus Nava, said local officials were beginning to improve infrastructure in the area where Tesla is set to build the factory.
Musk on Wednesday said the company was "laying the groundwork to begin construction" in Mexico but did not yet have more definite plans.
Persons:
Tesla, Daniel Becerril, Elon Musk, Musk, Jesus Nava, Jay Truesdale, Samuel Garcia, Daina Beth Solomon, Jamie Freed
Organizations:
REUTERS, MEXICO CITY, Mexico's, Santa Catarina's Mayor, Tesla, Nuevo Leon, Shanghai, Thomson
Locations:
Santa Catarina, Monterrey, Mexico, MEXICO, Leon, Mexican, Asia, United States, Santa