Elon Musk Backs Donald Trump’s Run for the White House. There has also been talk in recent days of large sums of money that the CEO would be willing to donate to support his favorite candidate, but from the business side, Trump’s victory could represent the proverbial shot in the foot.
Tesla should have already been in an advanced stage of building the new factory in Mexicowhich he had promised to complete in record time, as done in China. In reality, apart from small works on the acquired land, nothing has been done yet, and the project seems to be blocked.
One of the reasons could be precisely Trump’s possible victory in the electionsThe former president’s position on the protection of the American industrial fabric has always been known, and among his new electoral promises there is also that of tariffs imposed on cars built in Mexico and placed on the American market.
This would obviously be a problem for Tesla, which would like to build cheaper cars in Mexico, also taking advantage of the lower labor costs. Any tariffs would risk undermining, if not completely canceling out, the positive aspects of building in Mexico..
In reality this is just one of the possible readings. The drop in demand that Tesla also faced, it has not saturated the production capacity of the already active factories. This may have prompted Musk and his team to slow down on building a new factory, while waiting for existing ones to reach near maximum production levels.
Source: greenmove.hwupgrade.it
