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A Tesla Gigafactory in South East Asia appears much less seemingly in present financial situations – no “full tilt”


A Tesla Gigafactory in South East Asia seems less likely in current economic conditions – no “full tilt”

Malaysia, Indonesia and lately Thailand have all set their eyes on being the placement for a Gigafactory in South East Asia. They could 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 instances 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 stage of apprehension.

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

A Tesla Gigafactory in South East Asia seems less likely in current economic conditions – no “full tilt”

Nonetheless, the timing of the manufacturing facility’s building is tied to financial situations, significantly rates of interest. Musk mentions that if rates of interest hold rising, it basically reduces the affordability of Tesla’s autos, which might affect the timing of the manufacturing facility’s building.

He means that preliminary phases of building for the Mexico manufacturing facility might begin subsequent yr however emphasizes that he doesn’t wish to go “full tilt” into financial uncertainty. As an alternative, Tesla has room for scaling manufacturing in its present services, significantly 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. Nonetheless, he notes that individuals are keen 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 might arrange a brand new plant wherever else. The one purpose why a brand new manufacturing facility may very well be established on this area or some other area at that may be if Tesla has hassle with staffing factories in present places.

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