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Tesla Gigafactory Mexico will build the company’s next-gen vehicle

(Credit: Tesla)

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Tesla Gigafactory Mexico will build the company’s next-generation vehicle. During Investor Day 2023, Elon Musk confirmed Gigafactory Mexico’s location and Tesla’s plans for the new production facility.

Just a day before Investor Day 2023, Mexico’s President Andrès Manuel Lopez Obrador announced Tesla’s new gigafactory location in Monterrey.

“There is already an understanding, yes [Tesla is] going to dedicate the investment to Mexico, and the plant is going to be established in Monterrey with a series of commitments to face the problem of water scarcity,” said President Obrador during his press conference. 

Elon Musk confirmed Obrador’s news during Investor Day. The Tesla CEO elaborated that Gigafactory Mexico will focus on building the company’s next-gen vehicle. Tesla adopted a similar strategy for Giga Texas, also known as the company’s Cybertruck factory. While Giga Mexico may focus on Tesla’s next-gen vehicle, it may also build other cars. Giga Texas, for example, also produces Tesla Model Y vehicles. 

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Tesla’s Next-Gen Vehicle

During Investor Day 2023, Lars Moravy noted that Tesla’s next-generation platform is not one vehicle and will be used across different segments. Given Tesla’s history, the company may release vehicles using the next-gen platform one by one over time, much like the original Roadster, S3XY lineup, the Semi—and soon the Cybertruck. With that in mind, Tesla may have already teased the segment of the first new vehicle using its next-gen platform. 

There is only one car that Tesla has already unveiled that has not reached production—the new Roadster. However, in an interview, Tesla’s Design Chief Franz Von Holzhausen stated that the new Roadster is not a priority for the company right now. So, the new Roadster might not be the next-gen vehicle Gigafactory Mexico will be building. 

Tesla’s $25,000 vehicle, unofficially dubbed the “Model 2” or “Model Q” by EV advocates online, has not been unveiled yet. However, Elon Musk and other executive members of the company have mentioned it a few times over the years. A $25,000 electric vehicle would be in high demand, resulting in particular supply needs that Tesla did not have the capacity to provide in the past. 

However, Tesla has grown in many areas, particularly in production, cash flow, and supply chain connections. Since announcing the Semi, for example, Tesla has designed and started manufacturing its own battery cell, solving many constraints. With Tesla’s growth, some obstacles for Model 2 production might have been cleared. 

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Currently, Tesla is keeping its mouth tightly zipped regarding the segment and moniker of its next-gen vehicle. But Tesla executives did share some details about the next-gen car during Investor Day 2023. 

Tesla’s next-gen vehicle will obviously use its next-gen platform. Colin Campbell, Tesla’s VP of Powertrain engineering, noted that the company’s new powertrain will be compatible with any battery chemistry. He also stated that Tesla’s next drive train does not use any rare metals. Moving forward, Tesla will also switch from 12V to 48 low-voltage systems. 

The Teslarati team would appreciate hearing from you. If you have any tips, contact me at maria@teslarati.com or via Twitter @Writer_01001101.

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Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

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Tesla China posts strong February wholesale growth at Gigafactory Shanghai

The update was shared by Tesla observers on social media platform X, citing monthly China Passenger Car Association (CPCA) data.

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Credit: Grace Tao/Weibo

Tesla China sold 58,599 vehicles wholesale in February, reflecting strong year-over-year growth. The figure includes both domestic deliveries in China and vehicles exported to international markets.

The update was shared by Tesla observers on social media platform X, citing monthly China Passenger Car Association (CPCA) data.

Tesla’s February wholesale result represents a 91% increase year over year, compared with 30,688 vehicles in February 2025. Month over month, the result was down 15.2% from January, when Tesla China recorded 69,129 wholesale units.

The February total reflects combined sales of the Model 3 and Model Y produced at Gigafactory Shanghai. The facility produces the two vehicles for both domestic sales and exports.

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Gigafactory Shanghai continues to serve as Tesla’s primary vehicle export hub, supplying vehicles to markets across Asia and Europe. Data compiled by Tesla watchers shows that 18,485 vehicles were sold domestically in China in January 2026, while exports accounted for 50,644 units during the same period.

Tesla has also been extending financing programs in China as it pushes to strengthen domestic demand. The company recently extended its seven-year ultra-low-interest and five-year interest-free financing programs through March 31, marking the second extension of the promotion this year.

The financing initiative was first introduced on January 6 as a strategy aimed at offsetting higher ownership costs ahead of China’s planned 5% NEV purchase tax in 2026. The promotion was originally scheduled to expire at the end of January before being extended to February and then again through the end of the first quarter.

Tesla’s efforts come amid growing competition in China’s EV market. According to data compiled by CNEV Post, Tesla’s 2025 retail sales in China reached 625,698 vehicles, representing a 4.78% year-over-year decline. Part of that decline was linked to the Model Y changeover to its updated variant in early 2025, which temporarily reduced deliveries during the transition period.

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Tesla Model Y L spotted on transport trucks in Australia

One of the sightings was reported along Victoria Parade in Melbourne, and it showed multiple Model Y L vehicles on a transport carrier. 

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Tesla’s upcoming Model Y L has been spotted on transport trucks in Australia. Sightings of the six-seat extended wheelbase Model Y variant have been reported on social media platform X by members of the Australian Tesla community.

One of the sightings was reported along Victoria Parade in Melbourne, and it showed multiple Model Y L vehicles on a transport carrier. 

The sighting follows earlier observations by Tesla enthusiasts in Sydney, where a covered vehicle believed to be a Model Y L was spotted at a Supercharger.

The Sydney sighting drew attention after observers noted that the vehicle’s tare weight appeared to match the ADR approval listing for the Model Y L, suggesting it could indeed be the extended wheelbase variant of the electric SUV.

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Tesla has previously confirmed that the Model Y L will launch in Australia and New Zealand in 2026. The confirmation was reported by techAU following a media release from Tesla Australia and New Zealand.

The Model Y L expands the existing Model Y lineup with seating for six passengers. The vehicle features a longer body compared with the standard Model Y in order to accommodate a spacious second and third row.

Tesla has opted for a 2-2-2 seating configuration instead of a traditional seven-seat layout for the Model Y L. The design includes two individual seats in the middle row to provide easier access to the third row and additional passenger space.

Tesla Australia and New Zealand has also stated that the Model Y L will be covered under the company’s updated warranty structure beginning in 2026.

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Tesla has not yet announced pricing or official range figures for the Model Y L in Australia.

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Elon Musk shares timeframe for X Money early public access rollout

X Money is expected to enable financial transactions within the app, expanding the platform’s capabilities beyond social media features.

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Credit: UK Government, CC BY 2.0 , via Wikimedia Commons

Elon Musk has stated that X Money, the digital payments system being developed for social media platform X, is expected to enter early public access next month. 

The update was shared by Musk in a post on X. “𝕏 Money early public access will launch next month,” Musk wrote in his post.

As noted in a Reuters report, X Money is being developed as a digital payment service that’s directly integrated into the X platform. 

The system is expected to enable financial transactions within the app, expanding the platform’s capabilities beyond social media features.

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Musk has previously discussed plans to introduce payments and financial services as part of X’s broader development.

Since acquiring the platform in 2022, Musk has discussed expanding X to include a range of services such as messaging, media, and financial tools.

Elon Musk has shared his goal of transforming X into an “everything app.” During a previous podcast interview with members of the Tesla community, Musk mused about turning X into something similar to China’s WeChat, which allows users to shop, pay, communicate, and perform a variety of other tasks.

“In China, you do everything in WeChat… it’s kickass… Outside of China, there’s nothing like it, people live on one app. My idea would be like how about if we just copy WeChat,” Musk joked at the time.

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To prepare for the rollout of X Money, X has partnered with payment company Visa to support the development of payment services for the platform’s users. The move could allow X to tap into the growing demand for digital and in-app financial transactions as the company builds additional services around its existing user base.

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