Mexico, Tesla near deal on investment

A Mexican official said the two sides were “90%” of the way towards an agreement. — Bloomberg

MEXICO CITY: Mexico and Tesla Inc are close to announcing a deal on the electric vehicle maker’s plans to invest in Mexico after President Andres Manuel Lopez Obrador and Tesla chief executive Elon Musk spoke on Monday, Mexican officials say.

Lopez Obrador earlier revealed that he would be talking to the “owner” of Tesla, which officials confirmed meant Musk.