Tesla's new Mexican factory is slated to start production next year, according to a local governor.

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Mexican Governor Says Tesla Plant to Begin Production Next Year

Elsewhere, days after Mexico's president had announced plans for a Tesla factory within the country's borders. We now know when we could start seeing the plan produced vehicles. The local governor in Mexico, same production could start as soon as next year of Tesla gets the required permits. Tesla stock is down 3% and Elon Musk announcing the E V makers investment in the factory last week where Tesla is expected to make a next gen vehicle. Officials in Mexico say the factory will be the biggest TV plant in the world and could eventually make chips and batteries among other components.