Malaysia, Indonesia and lately Thailand have all set their eyes on being the situation for a Gigafactory in South East Asia. They may have to attend some time longer for that to occur, as Tesla CEO Elon Musk’s temper throughout Tesla’s Q3 2023 earnings name final night time was a mixture of warning and optimism.

He expressed warning a number of occasions and repeated references to previous experiences, just like the 2008-2009 monetary disaster. He mentions being “scarred” by previous experiences and having “PTSD from 2009,” which suggests a degree of apprehension.

As we all know, the final formally introduced new Tesla manufacturing unit location was Mexico. Elon Musk explicitly states, “we’re undoubtedly making the manufacturing unit in Mexico,” emphasizing that they really feel excellent concerning the chosen location. The manufacturing unit is not only an idea; it’s a dedicated mission.

Nevertheless, the timing of the manufacturing unit’s building is tied to financial circumstances, notably rates of interest. Musk mentions that if rates of interest preserve rising, it basically reduces the affordability of Tesla’s automobiles, which might influence the timing of the manufacturing unit’s building.

He means that preliminary phases of building for the Mexico manufacturing unit might begin subsequent yr however emphasizes that he doesn’t wish to go “full tilt” into financial uncertainty. As a substitute, Tesla has room for scaling manufacturing in its current services, notably in Texas, the place they’ve 2,000 acres of land.

Whereas discussing the Texas facility, Musk additionally touched on the problem of personnel availability. He mentions that the better Austin space has a restricted inhabitants, which may very well be a constraint for scaling manufacturing. Nevertheless, he notes that persons are prepared to maneuver to the realm, albeit dealing with a housing disaster.

So if Tesla is taking it sluggish with the confirmed Mexico plant, it’s most unlikely that they’d arrange a brand new plant anyplace else. The one cause why a brand new manufacturing unit may very well be established on this area or every other area at that will be if Tesla has bother with staffing factories in current areas.

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