Report: Tesla plans to build a new car factory in Texas
The new factory is slated to build the Model Y crossover and the Cybertruck. …
reader comments
243 with 103 posters participating, including story author
Elon Musk’s recent clashes with officials in Alameda County, home of Tesla’s Fremont factory, may have given him a heightened sense of urgency to find Tesla’s next US factory. On Friday, several news outlets reported that Tesla was narrowing in on a new location to build the Model Y crossover and Tesla’s forthcoming Cybertruck.
The reports started with Electrek, a pro-Tesla site whose co-founder Fred Lambert has good connections inside the company. Just before 3pm Eastern time, Lambert reported that Tesla had settled on Austin, Texas as the site of its next factory.
“We are told that the decision for the site is not set in stone since Tesla was apparently given a few options in the greater Austin area,” Lambert wrote. “But Musk is said to want to start construction extremely soon and aims to have Model Y vehicles coming out of the plant by the end of the year.”
That would be a remarkably short amount of time for any car company to build a new factory from scratch. Last year, it took Tesla almost a year to build its Shanghai factory—and that was considered unusually fast.
The new factory could easily cost billions of dollars. Tesla is currently building a factory near Berlin that is estimated to cost more than $4 billion. But with $8 billion in the bank at the end of the last quarter, Tesla shouldn’t have
Continue reading – Article source
