Tesla Inc (TSLA.O) Chief Executive Elon Musk is considering investing in the northern Mexican state of Nuevo Leon, which borders Texas, two people with knowledge of the matter said on Monday.
Musk recently held a meeting in the state with Nuevo Leon Governor Samuel Garcia along with other local officials and Ken Salazar, the U.S. ambassador to Mexico, one of the sources said.
Musk is looking in particular at Santa Catarina, a municipality on the outskirts of state capital Monterrey, one of Mexico’s biggest and wealthiest cities, the person added. The sources did not detail what Musk’s potential investment may entail.
A spokesperson for the Nuevo Leon government declined to comment. Neither Tesla, the U.S. embassy, nor a representative for Santa Catarina immediately responded to requests for comment.
Musk’s visit to Nuevo Leon was originally reported by Mexican media. Several outlets published photos of Musk apparently from the visit, including one in which he appears with Garcia’s wife, Mariana Rodriguez.
Garcia posted several of the media articles on his Instagram account, in one case tagging Rodriguez’s account and writing, “Look, look,” without further comment.
Tesla, based in Austin, Texas, has its own lane at the U.S.-Mexico border crossing in Nuevo Leon to facilitate trade for local suppliers, the state government said in August.