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 Starship Flight 13 aborted at Zero and Musk just told us what broke
Four Raptor engines failed to ignite at T-zero, forcing SpaceX to scrub Starship Flight 13 Thursday.
SpaceX scrubbed the Starship Flight 13 launch attempt Thursday evening at the last possible moment, after four of the Super Heavy booster’s 33 Raptor 3 engines failed to ignite during the startup sequence. The 90-minute window had opened at 6:45 p.m. EDT from Starbase in Boca Chica, Texas, and the countdown had proceeded without issue all day, with more than 11.5 million pounds of liquid methane and liquid oxygen being fully loaded into the rocket before the automated abort triggered. SpaceX’s launch directors posted on X, “Standing down from today’s flight test attempt,” and shut down the livestream shortly after.
Musk confirmed the root cause within hours. “Some of the engines didn’t start, triggering an automatic launch abort,” he wrote on X. “To be confident of a good flight, 2 Raptors will be removed and replaced. Most probable launch timing is early next week.” SpaceX engineers began draining propellant tanks immediately and Booster 20 was rolled back to its hangar for inspection.
The timing adds a layer of significance that did not exist during any of the previous 12 Starship flights. This is the first time SpaceX has attempted to launch Starship since the company made its stock market debut in June, listing under ticker SPCX at $135 per share. Public investors are now watching every Starship outcome in real time, and a last-second abort carries more visibility than it would have six months ago.
Flight 13 was designed to be one of the most consequential tests in the program’s history. It was set to carry 20 Starlink V3 satellites, the first operational payload Starship has ever attempted to deploy. Six of those satellites carried external cameras to photograph Starship’s heat shield from the outside during flight, which would act as a self-inspection approach SpaceX has never attempted before. The mission also needed to complete a Raptor engine relight in space, a step SpaceX skipped on Flight 12 in May after losing an engine during ascent. That Flight 12 booster also flipped 90 degrees off course during its boostback burn when five engines failed to reignite.
SpaceX has not announced an official next launch date. Musk’s “early next week” window points to July 21 or 22 at the earliest, pending the engine swap and a return to the pad.
Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.
Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.
The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”
Twork said:
$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
— Nick Twork (@ntwork) July 14, 2026
Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.
Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.
Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.
SpaceX Starship Flight 13 aborted at Zero and Musk just told us what broke
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