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Tesla’s newest plant is being built in Texas, near the city of Austin, by no means. As we wrote, construction started in July this year and there are signs that Elon Musk was thinking seriously when he recently announced that the factory would already produce next year. Given the size of the build and the level of investment, this just seems like an incredible achievement, but based on the latest drone footage from the site, it may still be a reality as the foundations are already in place. The choice is no coincidence, as Texas is the largest market for trucks and Tesla has also received a tax credit to lure the factory there. In any case, the locals are eager to open the factory because the head of Tesla has announced the creation of five thousand jobs.
It will be where the two already iconic products of the company will be manufactured, Cybetruck and the tractor called Semi.
You can’t help but notice the parallels with the close investment of Nikola, a competitor who has recently received a lot of press coverage, but even more so the differences. Nikola also bought land in the southwestern US state of Arizona, where he also promised a gigantic investment and many new jobs, long before Tesla was built in Texas.
There, however, no excavation has taken place since 2018.
The main reason for this is the head of the company’s shareholders as share prices plummet, while in early September they asked for more than $ 50 a share from Nikola, its value only hovering around $ 19 towards the end. of month. However, Tesla seems to be stabilizing, good news constantly comes to the house of the company, it is now stably profitable.
In any case, the new Texas Gigafactory in Texas is going to be truly impressive, and it is planned to hire a workforce with a total area of 500,000 square feet, and even hundreds of jobs with immediate entry have been announced.
Local prefectures are also watching the investment with great interest, especially in the wake of rising unemployment amid the Covid epidemic. They used the term “Speed of Elon”, referring to the English “Speed of light”, which means the speed of light.
(Cover image: Texas Gigafactory under construction on October 10, 2020. Photo: Jeff Roberts / YouTube)
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