Tesla Giga Mexico is expected to be one of the company’s most ambitious electric vehicle factories. Tasked with the production of Tesla’s next-generation car, Giga Mexico is expected to achieve mass production quickly. And as per Jorge A. Moreno, a professor at the Universidad Autónoma de Nuevo León’s (UANL) Faculty of Economics, Giga Mexico will result in a job creation boom for Nuevo Leon.
In a comment to Milenio, Moreno noted that Giga Mexico will drive jobs to Nuevo Leon this year, even if the facility itself has not been built yet. This is because the upcoming Tesla facility will drive indirect jobs this 2024. The number of these jobs would likely be substantial.
“The estimate of job creation for 2024 would be 140,000 new jobs in the state, considering growth trends and the Tesla effect, we could reach the goal of 140,000 jobs. We could talk about 5,000 to 6,000 jobs that Tesla will generate, plus the 29,000 or 30,000 indirect jobs to give a total of more or less between 35,000 to 36,000 jobs,” the professor said.
Overall, Moreno noted that thanks to projects like Tesla’s Giga Mexico facility, the employment rate of Nuevo Leon will likely grow at twice the rate of the economy.
“Really, the start of construction of the Tesla plant will be a triggering factor for the local economy… Nuevo León does stand out compared to the rest of the country in terms of its employment dynamics being much more solid and accelerated than the rest of the country,” Moreno said.
While Giga Mexico is still yet to hold its groundbreaking event, Nuevo Leon officials such as Governor Samuel García Sepúlveda noted that the facility would likely see some progress in the first quarter of 2024. This was despite skeptics suggesting that there will be little progress in the Giga Mexico site until the general elections are completed in early June.
“I don’t know the information, but what I know is that Tesla is not guided by electoral issues. They are all over the world. They are always in a hurry. I rather believe that this January, they will already notice accesses, avenues, and ramps, which is what the State is responsible for.
“And Tesla, as soon as they finish, they call it a production line, construction begins, we are waiting for that. I wish it to be as soon as possible. The State thing started in December, and it will be noticed in January, and the internal part of the factory, it must be this quarter that it starts,” García Sepúlveda said.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
Elon Musk
Elon Musk and Donald Trump to speak with each other Friday: report
White House aides have scheduled a call between the CEO and U.S. President on Friday.

Elon Musk and Donald Trump’s feud seems to be thawing, at least to some degree.
As per a recent Politico report, White House aides have scheduled a call between the CEO and U.S. President on Friday.
Musk vs. Trump
Musk turned into a staunch critic of Trump amidst the administration’s efforts to pass the “Big Beautiful Bill,” which the CEO claimed would add trillions to the country’s deficit. Trump, for his part, claimed that Musk turned on him due to the adverse effects of the proposed bill on his companies.
The spat between the two powerful men became so notable that Musk called for the impeachment of Trump on X. He also claimed that Trump was in the Epstein list. The U.S. President, for his part, threatened to cancel billions of dollars worth of government contracts with Musk’s companies such as SpaceX.
Potential Truce
As per Politico, however, White House aides have stepped in to temper the tensions and broker peace between the two powerful men. When asked by the outlet about his ongoing feud with the CEO, Trump reportedly stated that “it’s okay” and that “it’s going very well, never done better.” The U.S. President also highlighted his favorability ratings, stating that his “numbers are through the roof.”
While the CEO was very aggressive against Trump in his X posts, he did back down somewhat after some time. When hedge fund manager Bill Ackman argued that Trump and Musk should make peace for the benefit of the United States, the CEO responded with, “You’re not wrong.” Musk also walked back on his decision to decommission SpaceX’s Dragon spacecraft, which is essential to NASA’s operations.
Investor's Corner
Goldman Sachs reduces Tesla price target to $285
Despite Goldman Sach’s NASDAQ: TSLA price cut to $285, Tesla boasts $95.7B in revenue & nearly $1T market cap.

Goldman Sachs analysts cut Tesla’s price target to $285 from $295, maintaining a Neutral rating.
The adjustment reflects weaker sales performance across key markets, with Tesla shares trading at $284.70, down nearly 18% in the past week. The analysts pointed to declining sales data in the United States, Europe, and China as the primary driver for the revised outlook. In the U.S., Tesla’s quarter-to-date deliveries through May fell mid-teens year-over-year, according to Wards and Motor Intelligence.
In Europe, April registrations plummeted 50% year-over-year, with May showing a mid-20% decline, per industry data. Meanwhile, the China Passenger Car Association (CPCA) reported a 20% year-over-year drop in May, despite a 5.5% sequential increase from April. Consumer surveys from HundredX and Morning Consult also shaped Goldman Sachs’ lowered delivery and EPS forecasts.
Goldman Sachs now projects Tesla’s second-quarter deliveries to range between 335,000 and 395,000 vehicles, with a base case of 365,000, down from a prior estimate of 410,000 and below the Visible Alpha Consensus of 417,000. Despite these headwinds, Tesla’s financials remain strong, with $95.7 billion in trailing twelve-month revenue and a $917 billion market capitalization.
Regionally, Tesla’s challenges are stark. In Germany, the German road traffic agency KBA reported Tesla’s May sales dropped 36.2% year-over-year, despite a 44.9% surge in overall electric vehicle registrations. Tesla’s sales fell 29% last month in Spain, according to the ANFAC industry group. These declines highlight shifting consumer preferences amid growing competition.
On a positive note, Tesla is making strategic moves. The Model 3 and Model Y are part of a Chinese government campaign to boost rural sales, potentially mitigating losses. Piper Sandler analysts reiterated an Overweight rating, emphasizing Tesla’s supply chain strategy.
Alexander Potter stated, “Thanks to vertical integration, Tesla is the only car company that is trying to source batteries, at scale, without relying on China.”
As Tesla navigates these delivery challenges, its focus on innovation and supply chain resilience could help it maintain its edge in the electric vehicle market despite short-term hurdles.
News
Tesla adds useful Model 3/Y feature home chargers will love
Tesla has made it easier for Model 3 and Y owners to unlock the charging cable with certain adapters, chargers, and home chargers.

Tesla has recently added a small, albeit useful feature for owners who charge their electric vehicles (EVs) at home, and specifically for those who use third-party chargers.
Although Tesla’s first-party home chargers include a physical latch and unlatch button, many third-party chargers do not. As such, in Tesla’s software update 2025.20 that began rolling out this week, the automaker added a subtle shortcut for the Model 3 and Model Y that allows users to stop charging sessions on third-party charging handles and adapters without the unlatch button (via Not a Tesla App).
To unlock the pin that locks the charging cable in place, Tesla Model 3 and Model Y owners will now be able to pull and hold the rear left door handle near the charging port for three seconds, at which it will unlatch. Owners would previously have had to crawl into the trunk to do this from inside the vehicle, and the addition will simply add another option to open the door.
The feature requires owners to have the vehicle be either unlocked or have the key nearby, and is especially of benefit to owners who regularly use home or other chargers with NACS adapters such as the J1772, which often don’t necessarily unlatch even when pressing the cable’s button or don’t include a button at all.
READ MORE ON TESLA CHARGING FEATURES: Tesla exec shares unique Supercharger team rule that accelerates EV adoption
You can see a short video of the feature at work below, as posted on Thursday by X user Max Bracco.
Unlatching Charging Cable in 2025.20 pic.twitter.com/MBxTodOXOz
— Max Bracco (@max_bracco) June 5, 2025
It’s not clear as of yet whether or not the feature will be added to Tesla’s other vehicles, though it wouldn’t be surprising to see down the road. Tesla writes the following on the Model 3 and Model Y feature in its 2025.20 release notes:
Charging can now be stopped and the charge cable released by pulling and holding the rear left door handle for 3 seconds, provided the vehicle is unlocked or a recognized key is nearby. This is especially useful when the charge cable doesn’t have an unlatch button. You can still release the cable using the vehicle touchscreen or the Tesla app.
Tesla makes it easier to find towing-compatible Superchargers
-
News6 days ago
Tesla to lose 64 Superchargers on New Jersey Turnpike in controversial decision
-
News2 weeks ago
Tesla’s new Model S and X spotted, but they leave a lot to be desired
-
Elon Musk2 weeks ago
How Tesla could benefit from the ‘Big Beautiful Bill’ that axes EV subsidies
-
Elon Musk2 weeks ago
Tesla set for ‘golden age of autonomous’ as Robotaxi nears, ‘dark chapter’ ends: Wedbush
-
News1 week ago
Tesla gets major upgrade that Apple users will absolutely love
-
News2 weeks ago
‘Tesla tax’ could be no more in United Kingdom
-
Elon Musk2 weeks ago
SpaceX Starship gets FAA nod for ninth test flight
-
News2 weeks ago
Hyundai begins real-world testing of AI-powered EV charging robot