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Tesla offered Texas land for Cybertruck factory [Updated]
Update: Elon Musk has clarified that Tesla currently has the option to purchase the Austin, TX land. But so far, Musk has stated that the electric car maker has not exercised it.
Tesla has an option to purchase this land, but has not exercised it
— Elon Musk (@elonmusk) June 18, 2020
— Original article follows —
Tesla has acquired a 2,100-acre plot of land 12 miles outside of Austin in what could be the home to its upcoming Cybertruck production facility.
An application from the Texas Comptroller’s office describes Tesla’s plans to develop and design a “high-tech electric vehicle manufacturing plant in Travis County.” This provides a strong indicator that Tesla has chosen Texas to be the home of its next EV production facility.
The application states, “Tesla Inc is evaluating the possible development, design, and construction of a high tech electric vehicle manufacturing plant in Travis County within the Austin Green property located at the intersection of SH-130 and Harold Green Road. Attached is an exhibit that shows the planned layout of the facility on the site and is subject to confidentiality assertions above.”
The red outlined area is the plot of land that Tesla has reportedly purchased.
According to documents, the plant will “ultimately comprise a 4-5 million square foot manufacturing plant. Construction timing is still to be determined but anticipated to be sometime over the next 2-3 years pending required approvals.”
Tesla purchased the land for $5,298,275, documents from the State of Texas indicate. The document also indicates that construction will begin in the third quarter of 2020, pending required approval from the State of Texas.
All indications until this point has led to Tesla utilizing the Lone Star State for its next, and possibly largest, production facility to date. In January, CEO Elon Musk tested the waters to see if Texas was the appropriate location for its next factory via a Twitter poll. The results were overwhelmingly positive, with 80% of the 305,724 participants in the survey being in favor of a “Giga Texas.”
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- Credit: State of Texas/Travis County
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- Credit: State of Texas/Travis County
The production facility will be Tesla’s fifth production facility behind Gigafactory Nevada, Gigafactory New York, Gigafactory Shanghai, and Gigafactory Berlin. It will be the fourth electric vehicle production facility behind the Fremont factory, Shanghai, and Berlin.
The facility will likely produce the Tesla Cybertruck, along with the Model Y crossover. The production of the Cybertruck’s Dual and Tri-Motor variants is expected to begin in late 2021.
With the Cybertruck’s production date scheduled for late next year, Giga Texas could operate much like Giga Shanghai, which started vehicle production activities as soon as the first phase of the plant was completed. In Shanghai, Tesla is completing the 2nd Phase of the facility, which will build the Model Y crossover. This strategy will likely be implemented in Texas to keep Cybertruck production on schedule as much as possible.
Musk’s indication of Texas being Tesla’s new home has finally come to fruition. After hinting for months that Texas would ultimately be the location of the electric automaker’s new facility for months, documents indicate that Tesla will begin construction in the third quarter of 2020, and could be cranking out electric vehicles as soon as 2021.
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Tesla (TSLA) receives “Buy” rating and $551 PT from Canaccord Genuity
He also maintained a “Buy” rating for TSLA stock over the company’s improving long-term outlook, which is driven by autonomy and robotics.
Canaccord Genuity analyst George Gianarikas raised his Tesla (NASDAQ:TSLA) price target from $482 to $551. He also maintained a “Buy” rating for TSLA stock over the company’s improving long-term outlook, which is driven by autonomy and robotics.
The analyst’s updated note
Gianarikas lowered his 4Q25 delivery estimates but pointed to several positive factors in the Tesla story. He noted that EV adoption in emerging markets is gaining pace, and progress in FSD and the Robotaxi rollout in 2026 represent major upside drivers. Further progress in the Optimus program next year could also add more momentum for the electric vehicle maker.
“Overall, yes, 4Q25 delivery expectations are being revised lower. However, the reset in the US EV market is laying the groundwork for a more durable and attractive long-term demand environment.
“At the same time, EV penetration in emerging markets is accelerating, reinforcing Tesla’s potential multi‑year growth runway beyond the US. Global progress in FSD and the anticipated rollout of a larger robotaxi fleet in 2026 are increasingly important components of the Tesla equity story and could provide sentiment tailwinds,” the analyst wrote.
Tesla’s busy 2026
The upcoming year would be a busy one for Tesla, considering the company’s plans and targets. The autonomous two-seat Cybercab has been confirmed to start production sometime in Q2 2026, as per Elon Musk during the 2025 Annual Shareholder Meeting.
Apart from this, Tesla is also expected to unveil the next-generation Roadster on April 1, 2026. Tesla is also expected to start high-volume production of the Tesla Semi in Nevada next year.
Apart from vehicle launches, Tesla has expressed its intentions to significantly ramp the rollout of FSD to several regions worldwide, such as Europe. Plans are also underway to launch more Robotaxi networks in several more key areas across the United States.
News
Waymo sues Santa Monica over order to halt overnight charging sessions
In its complaint, Waymo argued that its self-driving cars’ operations do not constitute a public nuisance, and compliance with the city’s order would cause the company irreparable harm.
Waymo has filed a lawsuit against the City of Santa Monica in Los Angeles County Superior Court, seeking to block an order that requires the company to cease overnight charging at two facilities.
In its complaint, Waymo argued that its self-driving cars’ operations do not constitute a public nuisance, and compliance with the city’s order would cause the company irreparable harm.
Nuisance claims
As noted in a report from the Los Angeles Times, Waymo’s two charging sites at Euclid Street and Broadway have operated for about a year, supporting the company’s growing fleet with round-the-clock activity. Unfortunately, this has also resulted in residents in the area reportedly being unable to sleep due to incessant beeping from self-driving taxis that are moving in and out of the charging stations around the clock.
Frustrated residents have protested against the Waymos by blocking the vehicles’ paths, placing cones, and “stacking” cars to create backups. This has also resulted in multiple calls to the police.
Last month, the city issued an order to Waymo and its charging partner, Voltera, to cease overnight operations at the charging locations, stating that the self-driving vehicles’ activities at night were a public nuisance. A December 15 meeting yielded no agreement on mitigations like software rerouting. Waymo proposed changes, but the city reportedly insisted that nothing would satisfy the irate residents.
“We are disappointed that the City has chosen an adversarial path over a collaborative one. The City’s position has been to insist that no actions taken or proposed by Waymo would satisfy the complaining neighbors and therefore must be deemed insufficient,” a Waymo spokesperson stated.
Waymo pushes back
In its legal complaint, Waymo stated that its “activities at the Broadway Facilities do not constitute a public nuisance.” The company also noted that it “faces imminent and irreparable harm to its operations, employees, and customers” from the city’s order. The suit also stated that the city was fully aware that the Voltera charging sites would be operating around the clock to support Waymo’s self-driving taxis.
The company highlighted over one million trips in Santa Monica since launch, with more than 50,000 rides starting or ending there in November alone. Waymo also criticized the city for adopting a contentious strategy against businesses.
“The City of Santa Monica’s recent actions are inconsistent with its stated goal of attracting investment. At a time when the City faces a serious fiscal crisis, officials are choosing to obstruct properly permitted investment rather than fostering a ‘ready for business’ environment,” Waymo stated.
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Tesla FSD v14.2.2 is getting rave reviews from drivers
So far, early testers have reported buttery-smooth drives with confident performance, even at night or on twisty roads.
Tesla Full Self-Driving (Supervised) v14.2.2 is receiving positive reviews from owners, with several drivers praising the build’s lack of hesitation during lane changes and its smoother decision-making, among others.
The update, which started rolling out on Monday, also adds features like dynamic arrival pin adjustment. So far, early testers have reported buttery-smooth drives with confident performance, even at night or on twisty roads.
Owners highlight major improvements
Longtime Tesla owner and FSD user @BLKMDL3 shared a detailed 10-hour impression of FSD v14.2.2, noting that the system exhibited “zero lane change hesitation” and “extremely refined” lane choices. He praised Mad Max mode’s performance, stellar parking in locations including ticket dispensers, and impressive canyon runs even in dark conditions.
Fellow FSD user Dan Burkland reported an hour of FSD v14.2.2’s nighttime driving with “zero hesitations” and “buttery smooth” confidence reminiscent of Robotaxi rides in areas such as Austin, Texas. Veteran FSD user Whole Mars Catalog also demonstrated voice navigation via Grok, while Tesla owner Devin Olsen completed a nearly two-hour drive with FSD v14.2.2 in heavy traffic and rain with strong performance.
Closer to unsupervised
FSD has been receiving rave reviews, even from Tesla’s competitors. Xpeng CEO He Xiaopeng, for one, offered fresh praise for FSD v14.2 after visiting Silicon Valley. Following extended test drives of Tesla vehicles running the latest FSD software, He stated that the system has made major strides, reinforcing his view that Tesla’s approach to autonomy is indeed the proper path towards autonomy.
According to He, Tesla’s FSD has evolved from a smooth Level 2 advanced driver assistance system into what he described as a “near-Level 4” experience in terms of capabilities. While acknowledging that areas of improvement are still present, the Xpeng CEO stated that FSD’s current iteration significantly surpasses last year’s capabilities. He also reiterated his belief that Tesla’s strategy of using the same autonomous software and hardware architecture across private vehicles and robotaxis is the right long-term approach, as it would allow users to bypass intermediate autonomy stages and move closer to Level 4 functionality.
Tesla (TSLA) receives “Buy” rating and $551 PT from Canaccord Genuity
Waymo sues Santa Monica over order to halt overnight charging sessions
