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☆ Elon Musk presents Tesla 'Master Plan 3' with emphasis on sustainable energy
▼ + stars: | 2023-03-01 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Electric vehicle maker Tesla laid out its long-term vision at a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his "Master Plan 3," and to discuss how Tesla plans to scale up in the face of increasing competition. Musk said, "Earth can and will move to a sustainable energy economy, and will do so in your lifetime." To start, Musk was joined on stage by Senior Vice President of Powertrain and Energy Engineering at Tesla, Drew Baglino. Tesla shares have rebounded from declines during 2022, and are up more than 60% for the year so far.

☆ Tesla to Build a Manufacturing Plant in Mexico
▼ + stars: | 2023-02-28 | by ( Anthony Harrup | ) www.wsj.com time to read: 1 min

Electric car maker Tesla Inc. plans to build a manufacturing plant in the northern Mexican industrial hub of Monterrey, President Andrés Manuel López Obrador said Tuesday. Mr. López Obrador, who spoke several times in recent days with Tesla Chief Executive Elon Musk, added at his morning press conference that details of the investment will be made known Wednesday.

☆ Mexican President Dismisses Protests Against Election System Overhaul
▼ + stars: | 2023-02-28 | by ( Juan Montes | ) www.wsj.com time to read: 1 min

MEXICO CITY—President Andrés Manuel López Obrador won’t reverse plans to overhaul the election system, his spokesman said Monday, a day after hundreds of thousands of Mexicans took to the streets of the country’s main cities to protest against proposed budget and staff cuts at the independent electoral agency. Mr. López Obrador, a leftist-nationalist who took office in 2018 after campaigning against the political establishment, dismissed Sunday’s mass protests as a political maneuver by the opposition against his government. Some political analysts said it was another sign of polarization ahead of next year’s presidential election.

☆ The road to Tesla's first Mexico factory
▼ + stars: | 2023-02-28 | by ( Brendan O'Boyle | ) www.reuters.com time to read: +2 min

2022June 13: News outlet Electrek reports that Tesla Chief Executive Elon Musk told workers the company is considering sites in Canada and Mexico for a new factory. Feb. 8: Lopez Obrador says Nuevo Leon and Hidalgo states could be home to a new Tesla plant. Feb. 17: Ebrard says Tesla will soon confirm it has chosen Mexico as a location for a new plant. Feb. 24 and 27: Musk and Lopez Obrador speak in calls as Mexico and Tesla near investment deal. Reporting by Mexico City Newsroom; Writing by Brendan O'Boyle; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president gives green light to Tesla plant in northern Mexico
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Feb 28 (Reuters) - Electric vehicle maker Tesla Inc. (TSLA.O) will build a new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said on Tuesday, dispelling concerns his government could block the deal over water shortages. Lopez Obrador said the two sides had reached agreement after a call with Tesla Chief Executive Elon Musk on Monday, following a separate conversation he said the two held late last week. "This will represent a considerable investment and many, many jobs," Lopez Obrador told reporters, saying Musk had been receptive to Mexico's concerns and accepted its proposals. Speaking at a news conference, Lopez Obrador said Tesla would likely give more details of its plans on Wednesday. Speculation about the prospect of Tesla going to Mexico has circulated for months, and the plant is set to become one of the major investments of the Lopez Obrador administration.

☆ Mexican president says Tesla will build a new plant in Mexico
▼ + stars: | 2023-02-28 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Tesla will build a new plant in Monterrey, Mexico, and adhere to a series of commitments to address water scarcity, the nation's president announced at a press conference Tuesday. He said the company will reveal more information about the new plant during its Investor Day event Wednesday. AMLO said he spoke to Tesla CEO Elon Musk on Friday and Monday. "I want to thank Mr. Elon Musk, who was very respectful and understood the importance of addressing the problem of water scarcity," AMLO said. Tesla's Investor Day will be live-streamed on Twitter and YouTube from Texas Wednesday.

☆ Exclusive: Mexico's Pemex increased gas flaring at top field, despite pledge to stop
▼ + stars: | 2023-02-28 | by ( Stefanie Eschenbacher | ) www.reuters.com time to read: +7 min

[1/3] Gas flare is seen at the state energy company Petroleos Mexicanos (Pemex) Papan plant, in Tierra Blanca, Veracruz state, Mexico February 18, 2023. The pledge to stop burning gas at the Ixachi field came after months of pressure over flaring from the hydrocarbon regulator, environmentalists and Mexico’s most important trade partner, the United States. But Pemex has repeatedly missed gas production targets, blaming it on missing infrastructure. Two senior company sources told Reuters last November Pemex would rather pay fines than deal with gas flaring problems. Pemex's updated business plan for 2023 to 2027, released in December, reiterated promises to reduce emissions but focused more on oil and gas production as well as refining.

☆ Mexican president says Tesla to build plant in Mexico
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: +2 min

MEXICO CITY, MEXICO - FEBRUARY 27, 2023: Mexican President Andres Manuel Lopez Obrador at the daily morning press conference at the National Palace in Mexico City. On February 27, 2023 in Mexico City, Mexico. Mexico's President Andrés Manuel López Obrador said Tuesday that electric car company Tesla has committed to building a plant in the city of Monterrey, an industrial hub in northern Mexico. López Obrador said the promise came in phone calls he had Friday and Monday with Tesla head Elon Musk. "There is one commitment that all the water used in the manufacture of electric automobiles will be recycled water," López Obrador said.

☆ Mexico, Tesla near deal on investment after president's phone call- sources
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Lopez Obrador earlier revealed he would be talking to the "owner" of Tesla, which officials confirmed meant Musk. "The call went really well," a third Mexican official said. A fourth Mexican official said details of an agreement between Mexico and Tesla would be revealed on Tuesday. Mexico's government has also said the firm is considering investing near a new Mexico City airport. Reporting by Dave Graham and Diego Ore in Mexico City Editing by Brendan O'Boyle and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president speaks to Tesla's Musk, investment in focus
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Lopez Obrador mentioned the call as he was finishing a regular morning news conference, without explaining precisely if he meant Musk, who is the company's largest shareholder. Two Mexican officials confirmed the president was referring to Musk. One of them said details of the call would be given on Tuesday, echoing remarks made by Lopez Obrador. After Monday's call, one of the officials said Nuevo Leon was still in the running, and that the Mexican government and Tesla were "90 percent" of the way toward reaching agreement. Reporting by Dave Graham and Diego Ore; Editing by Brendan O'Boyle and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president to speak to Tesla's Musk on Monday morning
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowMEXICO CITY, Feb 27 (Reuters) - President Andres Manuel Lopez Obrador is holding a call on Monday morning with Tesla Inc. Chief Executive Elon Musk, two officials said, after the Mexican leader revealed he would be talking to the "owner" of the electric vehicle maker. Lopez Obrador made his remark as he was finishing a regular morning news conference, without explaining precisely if he meant Musk, who is the company's largest shareholder. Two Mexican officials later confirmed the president was referring to Musk. Those comments marked the strongest sign yet that the president's concerns over water supply could become a deal-breaker for Tesla's plans near the U.S.-Mexico border. Reporting by Dave Graham and Diego Ore; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. requests extradition of Ovidio Guzman, son of 'El Chapo', from Mexico -sources
▼ + stars: | 2023-02-27 | by ( Lizbeth Diaz | ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 27 (Reuters) - The United States asked Mexico's government to extradite Ovidio Guzman, son of jailed drug boss Joaquin "El Chapo" Guzman, so that he can face criminal charges in a U.S. court, two Mexican government sources told Reuters on Monday. "El Chapo" rose to power as the head of the Sinaloa Cartel, before he was extradited to the United States in 2017. Soldiers detained Ovidio in 2019 but he was quickly released as his capture sparked a massive influx of gunmen into Culiacan. In 2021, the U.S. State Department had offered a $5 million reward for information leading to Ovidio's arrest or conviction. Ovidio has been charged in the U.S. with conspiracy to traffic cocaine, methamphetamine and marijuana into the country.

☆ Mexicans Rally Nationwide Against President’s Electoral Overhaul
▼ + stars: | 2023-02-26 | by ( Juan Montes | ) www.wsj.com time to read: 1 min

Protestors say that the Mexican president’s overhaul of election systems threatens democracy. MEXICO CITY—Hundreds of thousands of Mexicans rallied across the country for the second time in less than four months against President Andrés Manuel López Obrador ’s overhaul of the country’s independent election agency, saying it will cripple its ability to organize next year’s presidential election. In one of the largest protests against Mr. López Obrador’s administration, more than 150,000 demonstrators filled Mexico’s large Zócalo square and adjacent streets in the historic district of the country’s capital, a senior police official said. Protesters waved flags, umbrellas and banners with the distinctive pink colors of the National Electoral Institute, also known as INE. Others wore pink caps and clothes.

☆ 'Playing with fire': Mass protest planned against Mexico electoral overhaul
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +3 min

MEXICO CITY, Feb 26 (Reuters) - Mexico's opposition plans a mass protest on Sunday against President Andres Manuel Lopez Obrador's drive to shrink the independent electoral authority, arguing the changes threaten democracy - an accusation he vigorously denies. Mexico's Congress last week approved a major overhaul of the National Electoral Institute (INE), which Lopez Obrador has repeatedly attacked as corrupt and inefficient. According to the INE, the president's overhaul violates the constitution, curbs the institute's independence and eliminates thousands of jobs dedicated to safeguarding the electoral process, making it harder to hold free and fair elections. This week he called the INE "anti-democratic" and a tool of the ruling elite, accusing it of fomenting electoral fraud. Critics of the INE overhaul argue Lopez Obrador is not confident MORENA can retain power without interference in the electoral process.

☆ Mexico's president is being mocked for sharing a photo that he claimed was of a woodland spirit creature similar to an elf
▼ + stars: | 2023-02-26 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Mexico's president shared a photo on social media of what he said was an elf-like woodland creature. His widely viewed tweet sparked confused and mocking responses. Journalist Mauricio Schwarz responded to the tweet to debunk the sighting, telling the president that the image has actually circulated on social media since February 2021. López Obrador, who has been president since 2018, has previously expressed an interest in and respect for indigenous cultures. The tweet spread widely in Mexico, being viewed over three million times at the time of writing and sparking confused and mocking responses.

☆ Mexico to maintain its diplomats despite Peru pulling its ambassador
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] Mexico's President Andres Manuel Lopez Obrador speaks during a news conference at the Old City Hall (Antiguo Palacio del Ayuntamiento), in Mexico City, Mexico January 20, 2023. REUTERS/Henry Romero/MEXICO CITY, Feb 25 (Reuters) - Mexico's foreign ministry said on Saturday the country will maintain its diplomatic and consular representation in Peru and vowed to keep communication channels open, while regretting Peru's decision to remove its ambassador from Mexico. Peru's newly installed President Dina Boluarte announced on Friday the withdrawal of the country's ambassador in Mexico, Manuel Gerardo Talavera, in response to comments from her Mexican counterpart branding her government as unconstitutional. In addition, the conservatives of Peru, which are a minority, violated the constitution," Lopez Obrador said. In a television address, Boluarte said the statements made on Friday by Lopez Obrador "violate the principle of international law about non-interference in internal affairs."

☆ Peru president announces return of ambassador from Mexico
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +1 min

LIMA, Feb 24 (Reuters) - Peru's President Dina Boluarte announced on Friday the return of the country's ambassador in Mexico in response to comments from her Mexican counterpart branding her government as unconstitutional. Boluarte said the remarks made earlier on Friday by Mexican President Andres Manuel Lopez Obrador about her administration go against the international right to non-interference. Boluarte accused Lopez Obrador of backing Castillo's attempt at a "coup d'etat." Lopez Obrador told a news conference on Friday that Mexico will keep supporting Castillo, as he was "illegally ousted." Boluarte's remarks come after a meeting between Lopez Obrador and Castillo's wife, Lilia Paredes, in Mexico earlier this week.

☆ Tesla can't build in northern Mexico if water is scarce, president says
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 24 (Reuters) - Tesla Inc. would be denied permits to build a plant in the northern Mexican state of Nuevo Leon, where it has eyed investing, if water is scarce, Mexican President Andres Manuel Lopez Obrador said on Friday. Lopez Obrador called out arid Nuevo Leon for its water scarcity earlier this week, instead touting the benefits of Mexico's poorer southern region where he has sought to increase development. In 2020, he said he would withhold permits for a Constellation Brands (STZ.N) brewery in the northern state of Baja California after criticizing the project for consuming too much water in a dry zone. On Friday, the leftist leader praised Constellation for choosing to relocate to a state in southeastern Mexico. "They understood very well," Lopez Obrador said.

☆ Analysis: Decree adds to doubts about Mexican lithium industry's future
▼ + stars: | 2023-02-24 | by ( Carolina Pulice | ) www.reuters.com time to read: +4 min

Last Saturday, President Andres Manuel Lopez Obrador signed his latest presidential decree on lithium, establishing a more than 900-square-mile (235,000 hectare) lithium mining zone in northern Sonora state, stating that existing concessions within it "remain safe." But the order also declared "no mining activity can be carried out related to lithium" within this area. Neither Lopez Obrador's office or Mexico's economy ministry, which was part of the decree, responded to a request for comment. Created last August, state-run LitioMx will likely launch further exploration efforts in the new mining zone, BTG Pactual analysts said in a research note. He emphasized the need to minimize political risks associated with the government's latest decree, if Mexican lithium has any hope of transforming its raw potential into a thriving industry with a long-term horizon.

☆ Mexico Congress approves law giving armed forces airspace monitoring duties
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 22 (Reuters) - Mexico's Congress on Wednesday approved a law giving the nation's armed forces a dominant role in airspace surveillance and defense, a measure proponents say is vital to national sovereignty and security. The reform was sent to Mexico President Andres Manuel Lopez Obrador to be signed into law after being approved by the Senate, which is dominated by the ruling Morena party. Mexico's defense ministry will now have under its command a new National Center for Surveillance and Protection of Airspace to monitor airspace and "inhibit and counteract" air operations that threaten national security, according to the document approved by legislators. Opposition senators condemned the law and argued it weakens the civil authority in charge of airspace navigation and bolsters a military that has grown stronger under Lopez Obrador. "Today the Armed Forces co-governs with Lopez Obrador," opposition Senator Emilio Alvarez said during debate on the matter.

☆ Mexico passes electoral overhaul that critics warn weakens democracy
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Feb 22 (Reuters) - Mexican lawmakers on Wednesday approved a controversial overhaul of the body overseeing the country's elections, a move critics warn will weaken democracy ahead of a presidential vote next year. President Andres Manuel Lopez Obrador argues the reorganization will save $150 million a year and reduce the influence of economic interests in politics. The Senate approved the reform, which still needs to be signed into law by Lopez Obrador, 72 to 50. The INE has played an important role in the shift to multi-party democracy since Mexico left federal one-party rule in 2000. Lopez Obrador has repeatedly attacked the electoral agency, saying voter fraud robbed him of victory in the 2006 presidential election.

☆ Mexico president flags water-scarcity of northern state eyed for Tesla plant
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] An aerial view shows a part of the urban area in the state of Nuevo Leon, where Tesla could build a new electric car plant, in San Pedro Garza Garcia, Mexico December 19, 2022. "There are favorable conditions in Nuevo Leon. Lopez Obrador said he would emphasize to Tesla the need for careful planning around water, electricity and other services, noting certain northern zones ban water extraction while the southeast holds 70% of Mexico's water. Lopez Obrador has made it a priority to draw investment to southern Mexico, which has lacked the level of industrialization that has flourished along Mexico's northern border. Following Lopez Obrador's remarks on Monday, Nuevo Leon Economy Minister Ivan Rivas said water access had not been an issue for companies or held back investment, according to Mexican outlet Milenio.

☆ Mexico's Lopez Obrador orders ministry to step up lithium nationalization
▼ + stars: | 2023-02-19 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Feb 18 (Reuters) - Mexican President Andres Manuel Lopez Obrador on Saturday signed a decree handing over responsibility for lithium reserves to the energy ministry, after nationalizing lithium deposits last April. During an event in Sonora, Lopez Obrador signed the decree that orders the energy ministry "to take the actions necessary to carry out" the nationalization process. It also declares 234,855 hectares (907 square miles) in Sonora as a mining zone known as Li-MX 1. "(Let's make) the nation be the owner of this strategic mineral," Lopez Obrador said during the event. Mexico holds important potential lithium deposits, a highly sought material for the production of electric vehicle batteries.

☆ Tesla's Musk to hold call with Mexico president, factory announcement imminent -Ebrard
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 17 (Reuters) - Electric vehicle maker Tesla Inc (TSLA.O) will soon confirm it has chosen Mexico as a location for a new plant, and CEO Elon Musk is planning to speak with Mexican President Andres Manuel Lopez Obrador, Mexico's top diplomat said on Friday. He declined to give a time for the phone call or the location for Tesla's Mexico investment. "It will be talked about in the call," said Ebrard, who spoke at an event with Mexican business leaders. Several potential sites have been pitched for Tesla's move to Mexico, with Lopez Obrador saying earlier this month that the states of Nuevo Leon and Hidalgo were leading the race. Reporting by Ana Isabel Martinez in Mexico City Additional reporting by Daina Beth Solomon in Mexico City Writing by Kylie Madry and Stephen Eisenhammer Editing by Brendan O'Boyle and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Hidalgo, just outside Mexico City, is hundreds of miles from the border yet land and labor costs are lower. The United States and Canada have formally entered a trade dispute over Mexico's energy policy. It remains unclear exactly what Tesla's investment in Mexico will look like and what the company plans to produce in the country. Yet Mexico's capacity for a nearshoring boom has been held back by Lopez Obrador, particularly his energy policies, analysts said. Reporting by Diego Ore and Daina Beth Solomonin Mexico City Additional reporting by Kylie Madry in Mexico City Editing by Stephen Eisenhammer and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

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