Fresh off the news that Tesla dumped 75 percent of its Bitcoin holdings on hodlers during the crypto crash comes this nugget from Bloomberg:
Elon Musk’s electric car company has apparently struck a deal with the “pro-business” state of Nuevo León, Mexico, which has provided Tesla and its suppliers with its own exclusive-use driving lane.
What in the world?
“It was a simple incentive,” said Nuevo León’s economy minister Iván Rivas in an interview according to Bloomberg. “What we want is a crossing that’s much more expedited and efficient. And maybe there will be a lane for other companies in the future like there is for Tesla.”
Bloomberg was unable to get any more information about the deal from Tesla, Nuevo León officials, or Rivas, who was not involved in the negotiations of the deal.
The Mexican state borders the U.S. for about 10 miles. The average wait time for commercial trucks is about 20 minutes during the area’s busiest rush hours, according to Bloomberg. The deal provides Tesla and its suppliers with expedited access between the two countries.
Six of Tesla’s suppliers are located in Nuevo León. This includes APG Mexico and Taiwanese-based companies EnFlex Corp. and Quanta Computer. France’s Faurecia SE and Germany’s ZF Friedrichshafen AG are also located in the state.
The deal was struck following Tesla moving its headquarters from Silicon Valley to Austin, Texas.
So, if you ever find yourself driving along the U.S. border in Nuevo León, Mexico – just a few miles away from Laredo, Texas – be on the lookout for a big highway sign that reads “TESLA.” Just don’t drive in that lane, pleb. It’s for Elon Musk and company only.
