Israel-Hamas War / Tesla’s Plant in Nuevo Leon

Israel-Hamas War. President Andrés Manuel López Obrador reported that the planes sent by the Mexican government to Israel to rescue Mexican nationals have already left Tel Aviv, Israel. The President stated that 276 Mexicans were rescued: 135 took the first flight and 141 the second.

On Oct. 7, Hamas, a Palestinian terrorist organization that opposes Israeli control of Palestine, launched a surprise sea, air and ground attack on Israeli territory. Hamas attacked military targets and took control of several Israeli-controlled settlements. Israel subsequently declared war on the Gaza Strip, which is controlled by Hamas. Even though Hamas forces are located in the Gaza Strip, Palestinian civilians are also there and, due to the Gaza fence, cannot flee the area. The conflict between Palestinians and Israelis is more than 75 years old, when the British facilitated the mass migration of Jews to Palestine. According to yesterday's figures, more than 900 people have been killed in Israel and more than 700 in the Gaza Strip.

Tesla Will Not Cancel Its Nuevo Leon Plant. Elizabeth García Vilchis, Head of the “Who's Who in the Lies of the Week,” segment of President Obrador´s morning conference, assured that Tesla will build its vehicle assembly plant in Nuevo Leon as planned.

Earlier this year, Tesla chose Nuevo Leon for the construction of a mega electric vehicle assembly plant in Mexico. While the company is working with local and federal authorities for its construction, social media was set ablaze this week with messages claiming that the EV giant was considering canceling the project. Representatives from the company fully denied those claims, calling them unfounded “BS clickbait.”

PEMEX’s Debt. García criticized the media for portraying PEMEX's situation in a worse state and stating that the government's strategy has not worked.

President Andrés Manuel López Obrador's energy strategy has focused on strengthening state-owned companies. However, PEMEX's debt has raised concerns due to the lack of liquidity to continue with projects. Currently, PEMEX is the most indebted state energy company in the world, with US$25 billion in short-term debt and US$4 billion in bonds that are still due in 2023. Overall, PEMEX's total debt amounts to over US$100 billion.