• Elon Musk reportedly has negotiated a deal with Mexican President Andrés Manuel López Obrador to build a new Tesla plant in Monterrey, Mexico, the president announced Tuesday.
• López Obrador permitted Musk to build the new plant in northern Mexico after phone calls between Mexico’s president and the Tesla CEO calmed fears over how the country would supply enough water to the massive factory campus, AP News reported.
• Monterrey is located in Nuevo Leon, an area of northern Mexico that suffers water shortages, including in 2022, when millions of homes went weeks with inconsistent or no access to water. Mexico is constructing a 60-mile pipe from a dam to Nuevo Leon to help ease water supply issues in the region, according to AP News.

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