Tesla Receives Land-Use Permits for Gigafactory in Mexico\n\nOn Tuesday, the state government of Nuevo Leon announced that electric automaker Tesla has received land-use permits from Mexico’s federal environment ministry to build a planned gigafactory in the northern border state. This is a significant step forward for the company, as they continue to expand their operations and solidify their position as a leader in the electric vehicle industry.\n\nThe designated land spans over 261 hectares and is estimated to cost more than $5 billion, although Tesla has yet to share a capital cost forecast. This Gigafactory is expected to bring in $15 billion over the next two years through Tesla and its suppliers, according to Nuevo Leon Governor Samuel Garcia. This project is seen as a testament to the growing trend of nearshoring as companies seek to move production away from Asia and closer to the United States.\n\n The positive news, CEO Elon Musk expressed hesitation in moving forward with the factory due to the uncertain economy. The Nuevo Leon government has committed to investing over $130 million in infrastructure to support construction. This includes building an electric power substation, natural gas pipeline, railroad spurs, roads, and services for water and sewage.\n\nThe Gigafactory in Mexico is a significant development for Tesla, as it highlights their commitment to expanding their operations and solidifies their position as a leader in the electric vehicle industry. The company and a spokesperson for the state did not respond to requests for comment, and a timeline for construction has not yet been provided.\n\nIn a Tesla’s receipt of land-use permits for their gigafactory in Mexico is a significant step forward for the company.

Top Stocks to Watch for Potential Stock Splits\n\nIn the tech space, stock-split stocks have been red hot in recent years. Companies generally opt to split their stocks because share prices reach elevated levels due to increased investor interest. While stock splits do not change a company's fundamentals, they can make buying more appealing to a wider range of investors and increase trading volume. Lately, the excitement surrounding artificial intelligence (AI) has pushed share prices for some top tech companies to lofty levels, leading to discussions about potential stock splits. Two Motley Fool contributors believe that investing in these two potential stock-splitting companies before the end of December would be a smart move.\n\nNvidia, a leading AI technology company, has seen its stock price soar in recent years. With its cutting-edge technology and impressive profits, the company's stock has reached a relatively high valuation. This makes it a prime candidate for a stock split, which could bring added attention to the already popular stock. A lower per-share price after splitting could also attract more retail investors who may have missed out on the stock's previous run-up. With its strong position in the growing AI market, solid profitability, and reasonable valuation, Nvidia is a top stock to consider adding to your portfolio in December.\n\nAnother company that stands out as a potential stock-split candidate is ASML. The company's stock has climbed roughly 19% over the last year, pushing its share price to levels that may be dissuading some investors. With a current trading price of around $711 per share, ASML is a prime candidate for a stock split. The surge in excitement for AI, ASML's stock performance over the last year has been on par with the S&P 500."