Tesla Plans to Announce Location for New Factory this Year, India and Mexico Top Contenders

Tesla CEO Elon Musk said the company will pick a site for a new factory by the end of 2021.
India and Mexico are potential locations for the new factory, according to Musk and government officials in both countries.
Tesla currently operates gigafactories in the US, Berlin, and Shanghai and plans to open one in Mexico in 2024.
Tesla may be interested in manufacturing more than just cars in India, according to the country's deputy technology minister.
Indonesia and South Korea are also competing to host Tesla's next factory, hoping to replicate the success of Tesla's Shanghai gigafactory.