Investor's Corner
Tesla has its heart set on Texas for upcoming Cybertruck Terafactory
Tesla will likely select Austin, Texas as the location for its next Cybertruck Gigafactory, but that doesn’t mean they’ll turn down offers from other regions that are vying for their attention, including Tulsa, Oklahoma.
First reported by Electrek, and later confirmed by Teslarati with multiple sources, Texas is the forerunner to become home to the company’s next US factory.
The Elon Musk-led electric carmaker has been scouting for land in the outskirts of Austin and in nearby Taylor, roughly 30 miles northeast of the city, since earlier this year. While there have been no property sale records that link back to Tesla or an entity related to the company, sources tell Teslarati that the company is considering the acquisition of several large parcels of land near the industrial zones in Taylor.
Indicators that Tesla was considering Texas as the site for its next US-based Gigafactory grew stronger in February when CEO Elon Musk tweeted a poll that teased the question, “Giga Texas?”
Musk would later confirm, in March, the company’s desire for a Cybertruck Gigafactory that will be located closer to the east coast than California.
And last week, the company held talks with politicians in the Lone Star State, as confirmed by Texas Governor Greg Abbott.
“It’s true,” Abbott said over Twitter. “Texas is a perfect fit for Tesla.”
“I’ve had the opportunity to talk to Elon Musk, and he’s genuinely interested in Texas and genuinely frustrated with California. We’ve just got to wait and see how things play out,” the Texas Governor said in an interview with a local television station.
Other cities in Texas, like Fort Worth and Houston, have also welcomed Tesla by making suggestions to bring car manufacturing into their region. Houston stated that Musk could consolidate Tesla and SpaceX operations in its city, according to Mayor Sylvester Turner.
“As we continue our industrial evolution, I invite you to play a leading role in our story. As the only market that can immediately meet the production needs of Tesla and SpaceX, Houston provides a single solution for your operations,” Turner wrote. “Houston offers a broad innovative ecosystem in which industries coverage to solve the world’s greatest challenges in energy, manufacturing, logistics, and space.”
.@elonmusk Houston offers the #CompleteSolution to consolidate @Tesla and @SpaceX operations in one region. Join a city of innovators working to make the world better—just like you. #youbELONginHOU #HOUxTESLA
Read more here https://t.co/292AUyjW7Q pic.twitter.com/GhUZTPGvLs
— Houston Mayor's Office (@houmayor) May 15, 2020
Tesla’s next Gigafactory in the Central US will be geared toward the mass production of its upcoming Cybertruck, and the production of its Model Y crossover for the East Coast market.
While all indicators point to Austin, Texas as being the site for the company’s Cybertruck Gigafactory, a source tells Teslarati that the company is also considering another central U.S. location that’s 450 miles north of Austin: Tusla, Oklahoma.
Recently, State Representative Ryan Martinez and Governor Kevin Stitt invited Tesla to come to the Sooner State.
“Oklahoma is a wonderful place to do business. We’ve got a low tax base, a low cost of living, great incentives and services, and plenty of space to build a manufacturing headquarters and house all of your people,” Martinez said.
Texas appears to be the favorite in the race to become home to Tesla’s next US factory, however, the largely rural areas of Tulsa is also being considered as a region for its manufacturing facility. By having Tulsa in the conversation, along with other states that continue to court the company, Tesla can only benefit through increased leverage in its negotiations for local incentives.
With economic activity taking a massive blow in the face of the ever-changing pandemic, local governments need the economic boom that a Tesla Gigafactory can otherwise spark for the region.
And with Musk at the helm, who’s no stranger to walking the cashflow tightrope and striking at a good deal when it presents itself, rest assured that there’s going to be plenty of FOMO among state politicians before Tesla ultimately picks Texas.
Elon Musk
SpaceX just filed for the IPO everyone was waiting for
SpaceX filed its public S-1, revealing $18.7 billion in revenue and billions in losses.
SpaceX publicly filed its S-1 registration statement with the Securities and Exchange Commission on May 20, 2026, making its financial details available to the public for the first time ahead of what could be the largest IPO in history.
An S-1 is the formal document a company must submit to the SEC before going public. It includes audited financials, risk factors, business descriptions, and how the company plans to use the money it raises. Companies are required to file one before selling shares to the public, and it must be published at least 15 days before the investor roadshow begins. SpaceX had already submitted a confidential draft to the SEC in April, which allowed regulators to review the filing privately before it went public.
The S-1 reveals that SpaceX generated $18.7 billion in consolidated revenue in 2025, driven largely by its Starlink satellite internet division, which posted $11.4 billion in revenue, growing nearly 50% year over year. Despite that growth, the company lost about $4.9 billion in 2025 and has burned through more than $37 billion since its founding.
SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history
A significant portion of those losses trace back to xAI, Elon Musk’s artificial intelligence company, which was recently merged into SpaceX. SpaceX directed roughly 60% of its capital spending in 2025 to its AI division, totaling around $20 billion, yet that division lost billions and grew revenue by only about 22%.
SpaceX plans to list its Class A common stock on Nasdaq under the ticker SPCX, with Goldman Sachs, Morgan Stanley, and Bank of America leading the offering. The dual-class share structure means going public will not meaningfully reduce Musk’s control, as Class B shares he holds carry 10 votes per share compared to one vote for public Class A shares.
The company is targeting a raise of around $75 billion at a valuation of roughly $1.75 trillion, which would make it the largest IPO ever. The investor roadshow is reportedly planned for June 5.
Elon Musk
Tesla ditches India after years of broken promises
Tesla has ditched its plans to build a factory in India after years of failed negotiations.
Tesla’s long-running effort to establish a manufacturing presence in India is officially over. India’s Minister of Heavy Industries H.D. Kumaraswamy confirmed on May 19, 2026 that Tesla has informed authorities it will not proceed with a manufacturing facility in the country.
Tesla first signaled serious interest in India around 2021, when it began hiring local staff and lobbying the Indian government for lower import tariffs. The ask was straightforward: reduce duties enough for Tesla to test the market with imported vehicles before committing capital to a local factory. India’s position was equally firm, with an ask of Tesla to commit to manufacturing first, then receive tariff relief. Neither side moved, and the talks quietly collapsed.
Tesla to open first India experience center in Mumbai on July 15
India had offered a policy that would reduce import duties from 110% down to 15% on EVs priced above $35,000, provided companies committed at least $500 million toward local manufacturing investment within three years. Tesla declined to participate. The tariff standoff was only part of the problem. Analysts pointed to significant gaps in India’s local supply chain, inadequate industrial infrastructure, and a mismatch between Tesla’s premium pricing and the purchasing power of India’s automotive market as additional factors that made the investment difficult to justify.
First signs of an unraveling relationship came in April 2024, when Musk abruptly cancelled a planned trip to India where he was set to meet Prime Minister Modi and announce Tesla’s market entry. By July 2024, Fortune reported that Tesla executives had stopped contacting Indian government officials entirely. The government at that point understood Tesla had capital constraints and no plans to invest.
The more fundamental issue is that Tesla’s existing factories are currently operating at approximately 60% capacity, making a commitment to building new manufacturing capacity in a new market difficult to defend to investors. Tesla will continue selling imported Model Y vehicles through its existing showrooms in Mumbai, Delhi, Gurugram, and Bengaluru, but local production is no longer part of the plan.
Elon Musk
SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history
AT&T, T-Mobile, and Verizon just joined forces for one reason: Starlink is winning.
America’s three largest wireless carriers, AT&T, T-Mobile, and Verizon, announced on On May 14, 2026 that they had agreed in principle to form a joint venture aimed at pooling their spectrum resources to expand satellite-based direct-to-device (D2D) connectivity across the United States in what can be seen as a direct response to SpaceX’s Starlink initiative. D2D, in plain terms, is technology that lets a standard smartphone connect directly to a satellite in orbit, the same way it connects to a cell tower, with no extra hardware required.
The alliance is widely seen as a means to slow Starlink’s rapid expansion in the satellite internet and mobile markets. SpaceX’s Starlink Mobile service launched commercially in July 2025 through a partnership with T-Mobile, starting with messaging before expanding to broadband data. SpaceX secured access to valuable wireless spectrum through its $17 billion deal with EchoStar, paving the way for significantly faster satellite-to-phone speeds.
SpaceX was not shy about its reaction. SpaceX president and COO Gwynne Shotwell responded on X: “Weeeelllll, I guess Starlink Mobile is doing something right! It’s David and Goliath (X3) all over again — I’m bettin’ on David.” SpaceX’s VP of Satellite Policy David Goldman went further, flagging potential antitrust concerns and asking whether the DOJ would even allow three dominant competitors to coordinate in a market where a new rival is actively entering.
Weeeelllll, I guess @Starlink Mobile is doing something right! It’s David and Goliath (X3) all over again — I’m bettin’ on David 🙂 https://t.co/5GzS752mxL
— Gwynne Shotwell (@Gwynne_Shotwell) May 14, 2026
Financial analysts at LightShed Partners were blunt, saying the announcement showed the three carriers are “nervous,” and pointed to the timing: “You announce an agreement in principle when the point is the announcement, not the deal. The timing, weeks ahead of the SpaceX roadshow, was the point.”
As Teslarati reported, SpaceX’s next generation Starlink V2 satellites will deliver up to 100 times the data density of the current system, with custom silicon and phased array antennas enabling around 20 times the throughput of the first generation. The carriers’ JV, which has no definitive agreement, no financial structure, and no deployment timeline yet, will need to move quickly to matter.
Elon Musk’s SpaceX is targeting a Nasdaq listing as early as June 12, aiming for what would be the largest IPO in history. With Starlink now serving over 9 million subscribers across 155 countries, holding 59 carrier partnerships globally, and now powering Air Force One, the carriers’ joint venture announcement landed at exactly the wrong time to look like anything other than a defensive move.
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