President Donald Trump praised Tesla Inc (NASDAQ: TSLA) CEO Elon Musk for building his next Gigafactory in Austin, Texas, and taking credit for the idea.
In an investor call Wednesday night, Musk announced that Tesla’s second auto production facility will be built in Texas. On Thursday, Trump told Fox News’s Sean Hannity that he had encouraged Musk to build the next factory in Austin, Texas.
“I was with Elon Musk,” Trump told Hannity, “I said, Elon, build a factory in Texas. You just announced today that you are building one of the largest plants in the world … auto plants for Tesla and it’s going to be in Texas. “
See also: Tesla confirms that Cybertruck Gigafactory will be built on a 2,000-acre site near Austin, Texas
Great job from @elonmusk in agreeing to build, in TEXAS, what is expected to be the largest automotive plant in the world. He kept his word to me. Texas and @Tesla are big winners. MADE IN THE UNITED STATES!
– Donald J. Trump (@realDonaldTrump) July 24, 2020
Thanks from the Tesla team. We look forward to building Giga Texas!
– Elon Musk (@elonmusk) July 24, 2020
The Texas manufacturing facility, primarily intended for Tesla’s all-electric collection vehicle, the Cybertruck, will be built on a 2,000-acre area, Musk said during the conference call.
“He did it,” Trump said on Fox News, “but I was putting a lot of pressure on that job for Elon because we work with him and do a lot for him. And I said, ‘It’s time,’ and it was great, he’s doing a good job.”
TSLA Price Action: Tesla shares were trading 6.21% at $ 1,419.08 per share as of the time of publication on Friday. The stock has a 52-week high of $ 1,794.99 and a 52-week low of $ 211.
Photo credit: Gage Skidmore via Wikimedia.
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