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Tesla Will Build Cybertruck Factory in Texas, Report Says

Stock Markets May 15, 2020 04:18PM ET
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© Bloomberg. Tesla Cybertruck

(Bloomberg) -- Tesla (NASDAQ:TSLA) Inc. has chosen to locate its second U.S. auto factory in Texas, the blog Electrek reported, citing an unnamed source.

The electric-car maker will construct the plant in or near Austin, Electrek said. Chief Executive Officer Elon Musk said in March that Tesla was scouting for sites where it will build both the in-development Cybertruck and the Model Y crossover for customers on the East Coast.

Musk, 48, last week threatened to move Tesla’s headquarters and future programs to Texas or Nevada after a California county blocked the carmaker from reopening its factory in the San Francisco Bay area. The company restarted production within days in defiance of county health officials.

Tesla unveiled the Cybertruck in November, with Musk pitching it as a radically different option from the highly lucrative pickups produced by established automakers. A botched demonstration during which the company’s design chief cracked what were supposed to be shatter-proof glass generated enormous publicity.

©2020 Bloomberg L.P.

Tesla Will Build Cybertruck Factory in Texas, Report Says
 

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Comments (8)
steven gitt
steven gitt May 15, 2020 6:53PM ET
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california even recently had a house seat flip back red for the first time in decades. democrats so desperate they have given up on trying to get legitimate votes, they are focusing on trying to get the illegal vote and dead people vote
Derick Smith
Derick Smith May 15, 2020 6:53PM ET
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Lets not make up conspiracy stories.
Buzzy Jefferson
Buzzy Jefferson May 15, 2020 6:52PM ET
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Good for Texas. ***California!
steven gitt
steven gitt May 15, 2020 6:51PM ET
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move seeing democrats turn on each other. why trump won in 2016. hope more follow mustk's trend and get out of those corrupt blue states.
steven gitt
steven gitt May 15, 2020 6:51PM ET
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*love
Derick Smith
Derick Smith May 15, 2020 6:51PM ET
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Lets keep this politics free.
steven gitt
steven gitt May 15, 2020 6:46PM ET
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musk has been openly outspoken about California, nice to see him taking his business to a red sate
Joanna Yin
Joanna Yin May 15, 2020 6:28PM ET
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Electric truck…… concept for higher stock market.
Thom Miller
Thom Miller May 15, 2020 5:54PM ET
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Tesla going to VERY progressive/liberal Austin, TX to build truck and crossover vehicle plant. This has been in the works for quite a long time for east coast customer cost-efficiencies. Elon Musk made it very clear that Tesla’s primary plant will stay in Fremont, CALIFORNIA for the longterm to supply the rest of its worldwide customer base.
steven gitt
steven gitt May 15, 2020 5:54PM ET
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musk has been openly outspoken about California and the recent democrat policies, nice to see him taking his business to a red sate
steven gitt
steven gitt May 15, 2020 5:54PM ET
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i know you are worried about your demented front runner, the recent flipping of a house seat to red in california, and now musk moving his business to texas...i just hope one day you all can wake up from your T.d.s if you ever want to win an election again and join the real world
steven gitt
steven gitt May 15, 2020 5:54PM ET
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all policies and government management of austin is republican/red. quit huffing the CNN
Andrew carson
Andrew carson May 15, 2020 5:11PM ET
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I still can't believe they are really building that thing. lol.
steven gitt
steven gitt May 15, 2020 5:11PM ET
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i think people will buy it hoping it goes the way of the delorean
Anna Phillips
Anna Phillips May 15, 2020 5:03PM ET
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Good. We all should move to Tx. CA not biz friendly at all. Only want welfare poverty socialism
 
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