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Tesla bucks the downward trend on reports of a new factory in Mexico

MongiIG

By MongiIG,
in Shares and ETFs

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MongiIG

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Tesla stock is up 4% on reports that it’s preparing a new factory in northern Mexico. Bloomberg is reporting that it will be confirmed this week while Reuters says land has already been purchased.

What is not known is whether this will be a new giga factory to manufacture battery storage of a facility to build new cars.

bg_tesla_385534348.jpgtsla

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