Tesla has committed to building a new automotive facility in Northern Mexico, the country's President said on Tuesday, as part of Tesla's move to expand into markets outside the United States. The deal, said to be worth at least $1 billion initially, was referred to as some Mexican officials as a Gigafactory. Future phases of the project could bring spending of as much as $10 billion, Mexican media said. According to President Andres Manuel Lopez Obrador, "the whole Tesla company" was coming to Mexico to build a "very big" plant. The plant was…
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