- Tesla paid $97 million for two,000 acres of land near Austin, Texas, in accordance to the Austin Business Journal, wherever it’s setting up a $one.one billion factory that will create the manufacturer’s new Cybertruck.
- Elon Musk announced Austin as the web-site of the factory in late July, but do the job reportedly started on the web-site a several times previously than the announcement.
- Texas Gov. Greg Abbott informed CNBC that Musk chose Austin because he preferred additional “freedom” than some places like California would offer you him. Musk chose Austin around runner-up Tulsa, Oklahoma, in an announcement on July 22, even just after the town painted an legendary statue to resemble Musk.
In accordance to the Austin Business Journal, the land deal was finalized July 31, when Colorado River Venture LLC, a Tesla entity, obtained the assets from TXI Operations LP, an entity that is linked