Tesla’s Musk eyes potential funding in Mexican border state -sources By Reuters

MEXICO CITY (Reuters) -Tesla Inc Chief Govt Elon Musk is contemplating investing within the northern Mexican state of Nuevo Leon, which borders Texas, two folks with data of the matter mentioned on Monday.

Musk not too long ago held a gathering within the state with Nuevo Leon Governor Samuel Garcia together with different native officers and Ken Salazar, the U.S. ambassador to Mexico, one of many sources mentioned.

Musk is wanting particularly at Santa Catarina, a municipality on the outskirts of state capital Monterrey, certainly one of Mexico’s largest and wealthiest cities, the particular person added. The sources didn’t element what Musk’s potential funding could entail.

A spokesperson for the Nuevo Leon authorities declined to remark. Neither Tesla (NASDAQ:), the U.S. embassy, nor a consultant for Santa Catarina instantly responded to requests for remark.

Musk’s go to to Nuevo Leon was initially reported by Mexican media. A number of retailers printed images of Musk apparently from the go to, together with one by which he seems with Garcia’s spouse, Mariana Rodriguez.

Garcia posted a number of of the media articles on his Instagram account, in a single case tagging Rodriguez’s account and writing, “Look, look,” with out additional remark.

Tesla, primarily based in Austin, Texas, has its personal lane on the U.S.-Mexico border crossing in Nuevo Leon to facilitate commerce for native suppliers, the state authorities mentioned in August.