Tesla selects Monterrey, Mexico as the site of its next Gigafactory

Tesla's Investor Day isn't here quite yet, but we may already know one of the company's biggest announcements. According to Mexican President Andrés Manuel López Obrador, Elon Musk has promised to build the automaker's next gigafactory in northern Mexico — specifically in Monterrey, the capitol of the northern state of Nuevo Leon. It's a deal that's been in the works for some time: Late last year, Musk visited Nuevo Leon to meet with the Governor of the region.