Part 5/11:
Concerning expansion, Musk mentioned that Tesla is close to choosing a new location for its next gigafactory, with top contenders being Mexico, Canada, Indonesia, and South Korea. These locations are strategically chosen to maximize the benefit of upcoming EV tax credits, especially the $7,500 EV incentives in the U.S., which will encourage domestic and regional manufacturing. The focus on North American factories in Canada or Mexico aligns with maximizing these credits while meeting growing demand in the U.S.