Tesla is expected to announce Giga Mexico next week.

As soon as next week, the company may announce its newest facility in Mexico. For the past few years, the company has maintained an aggressive growth target. The company has achieved this goal consistently. To keep up with demand, the American automaker is looking to open another facility. It could be announced as soon as next week. Earlier this week, the company was reported to have purchased land in Mexico. One of Mexico's north eastern states is where the new facility is located.

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Prior to this land deal, Musk had met with the Governor of the Mexican State, Ambassador to Mexico, Ken Salazar. The new facility's details remain murky. It's not clear what the new facility would produce, when it would come online, or which markets the facility would serve. Many see it as a great opportunity for growth. There are a lot of reasons why a Mexican facility is good news. With more manufacturing capacity on the continent, the company can more easily meet the demand for its vehicles, which has been a problem over the past year. The Mexican car market, which is not nearly the size of the United States, is poised for electrification.

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 It could allow the delivery of vehicles to underserved markets south of Mexico, including in Central America and South America.The carmaker has established its own lane at the U.S, as well as expanding its Supercharger and destination charging locations south of the across the border. The new facility may be a positive sign for the stock, as it comes at a low point for the company. The news of a new production center may not rally the stock back to its previous highs, but it could combat the pessimism surrounding the stock over the past few months. The upcoming Mexico facility will bring a healthy dose of cautious optimism to the investors and fans of the company.

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