Malaysia, Indonesia and recently Thailand have all set their eyes on being the location for a Gigafactory in South East Asia. They might have to wait a while longer for that to happen, as Tesla CEO Elon Musk’s mood during Tesla’s Q3 2023 earnings call last night was a mix of caution and optimism.
He expressed caution multiple times and repeated references to past experiences, like the 2008-2009 financial crisis. He mentions being “scarred” by past experiences and having “PTSD from 2009,” which suggests a level of apprehension.
As we know, the last officially announced new Tesla factory location was Mexico. Elon Musk explicitly states, “we’re definitely making the factory in Mexico,” emphasizing that they feel very good about the chosen location. The factory is not just a concept; it’s a committed project.
However, the timing of the factory’s construction is tied to economic conditions, particularly interest rates. Musk mentions that if interest rates keep rising, it fundamentally reduces the affordability of Tesla’s vehicles, which could impact the timing of the factory’s construction.
He suggests that initial phases of construction for the Mexico factory could start next year but emphasizes that he doesn’t want to go “full tilt” into economic uncertainty. Instead, Tesla has room for scaling production in its existing facilities, particularly in Texas, where they have 2,000 acres of land.
While discussing the Texas facility, Musk also touched on the challenge of personnel availability. He mentions that the greater Austin area has a limited population, which could be a constraint for scaling production. However, he notes that people are willing to move to the area, albeit facing a housing crisis.
So if Tesla is taking it slow with the confirmed Mexico plant, it’s very unlikely that they would set up a new plant anywhere else. The only reason why a new factory could be established in this region or any other region at that would be if Tesla has trouble with staffing factories in existing locations.
The post A Tesla Gigafactory in South East Asia seems less likely in current economic conditions – no “full tilt” appeared first on Paul Tan's Automotive News.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip