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 Tesla is about to announce its largest project yet if you hold Tesla stock you're going to want to watch the entire video because it's full of price boosting news hello everyone you're watching trade daily like And subscribe to get all the latest news on your favorite stocks now let's get into the news.well start this off by looking at Tesla's stock price today a share of Tesla stock is trading at 188 dollars per share up six percent at the time of recording so in today's news story Tesla is

expected to announce an investment in Mexico very soon as the country Works to expand infrastructure and renewable energy Supply to take advantage of a boom in companies relocating foreign affairs minister Marcelo Edwards said The Mexican government has been working with the car maker led by billionaire Elon Musk to help it find a location to set up a plant in the country and a company has seen several locations Eckard said declining to give details of the project what I would think is that we're very

close to having this announcement by Tesla but I don't have an exact date yet he said during an interview on board of a government plan taking him to Puerto Penasco in the Northwestern State of Sonora it will make their announcement we can't announce it Edward 63 a top candidate for the ruling mortar party ahead of the 2024 elections spoke on the way to visit the Puerto Penasco solar plant project part of the government's much lauded Sonora plan that envisions building extensive renewable energy infrastructure to help

it meet ambitious climate goals and promote company Investments Puerto Penasco symbolizes the course that the CFE is going to take said ebbard noting that almost 30 percent of energy generated by the commission Federal electorate as the company is Formerly Known is clean the government is looking to expand that with the help of partners he said we'd want to connect to a growing clean energy Market throughout the region Northern Mexico and Southern United States Mexico pledged to reduce carbon

emissions by 35 percent in 2030 during the U.N climate change convention in November alongside U.S Special presidential Envoy John Kerry Ed Bard reiterated that Mexico only need 48 billion dollars in renewable Investments to achieve that goal and is working closely with the U.S to obtain the funding needed for it the foreign affairs minister also said the CFE plan is among six that will help Mexico generate 80 gigabytes of clean energy through the end of the decade the plan will rely heavily on demand

from the automotive and aeromonical industries in the country and clean energy companies from California he said Mexico particularly its northern states is a favorite destination for companies that aim to relocate operations from China closer to the U.S a process known as nurturing shortages of electricity Supply in particular from renewable sources is one of the main constraints that the country is trying to alleviate to promote near sharing about 400 companies are lined up to enter the Mexican market and 25

industrial parks are being developed Edwards said dismissing concerns that trade disputes with the U.S and Canada may slow the relocation process Mexico has come to loggerheads with the U.S over the president's nationalist energy policy which is sought to return much of the energy Market to the state-owned entities CFE and petroleo's Mexicanos or pemex president Andre's Manuel Lopez obrador extended an olive branch to the companies after he hosted a summit last month with U.S President Joe Biden and

Canadian Prime Minister Justin Trudeau while both countries continue to weigh up seeking arbitration over the energy policy amlo as the President is known met with four Canadian companies after the summit and said the disputes with them were resolved I have not seen that we have a break on investment rather the opposite the concern we have is how to guarantee them the services they need in such a short time he said during the interview adding that the country could grow above 4.3 percent per year if we keep up the

pace for the next three years and with that we come to the end of the video like And subscribe for more electric vehicle news and don't forget this video is for news and entertainment only not investment advice