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Tesla chooses Texas for new Cybertruck Factory

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Tesla will build its $1.1 billion Cybertruck factory near Austin, Texas, ending an intense competition with neighboring Oklahoma, the electric carmaker’s chief executive, Elon Musk, announced late on Wednesday.

The 2,000-acre site on the Colorado River is about 13 minutes from downtown Austin, Musk said during Tesla’s second-quarter earnings call.

“It’s going to be an ecological paradise … open to the public,” he said.
Musk said Tesla would consider site runner-up Tulsa, Oklahoma, for future production.

Tesla’s new Cybertruck and its heavy-duty Semi truck, as well as the Model 3 and Model Y cars for eastern North America, will be built at the Texas plant, Musk said Wednesday.

Texas Governor Greg Abbott welcomed the news. “Tesla is one of the most exciting and innovative companies in the world, and we are proud to welcome its team to the State of Texas,” he said in a statement.

Oklahoma’s secretary of commerce, Sean Kouplen, in a statement said the state would actively pursue Tesla’s supplier base to persuade them to locate in Oklahoma.

Tesla told Texas officials the plant would create at least 5,000 jobs

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