News
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.”
-
- Credit: State of Texas/Travis County
-
- 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.
Tesla’s Supercharger Diner in Los Angeles dominated the company’s global usage rankings after just one year, proving the concept is more than just a one-off novelty location that will fade away.
The performance could incite the company to build more locations, something that CEO Elon Musk has hinted at for some time.
Tesla’s Supercharger Diner delivered 21.2 GWh of energy in its first year of operation, the company’s head of Charging, Max de Zegher, revealed on X. Of the top 10 most utilized Supercharger locations in Tesla’s global infrastructure, the Diner in Los Angeles was the most used by drivers, and it wasn’t particularly close:
Tesla Diner opened exactly 1 year ago. Inspiring that futuristic places like this exist.
It’s our highest usage Supercharger in the world: 21.2 GWh delivered in a year, 1.6k sessions/day.
Top 10 Superchargers by energy delivered: https://t.co/9YvJ8lw696 pic.twitter.com/koB3AUJHws
— Max (@MdeZegher) July 21, 2026
On its launch day one year ago, nobody was too sure what the Tesla Diner would be about. It seemed like an interesting concept, and considering it had been in the works for years, it was a highly anticipated launch that many were looking forward to.
Based on its success, we could see additional Diners with Superchargers built throughout the United States, and potentially beyond. Musk has said on several occasions that the company would be willing to bring the Diner idea to more markets.
Tesla makes major change at Supercharger Diner amid epic demand
Of the markets that Musk has mentioned, both Palo Alto and Austin have come to be perceived as ideal selections. However, there are no concrete plans as of now to build new Supercharger Diners anywhere; the location on Santa Monica Boulevard will remain the exclusive spot to pick up Tesla-inspired eats, at least for the time being.
Tesla short sellers won big following the company’s massive fall on Wall Street after it reported subpar Earnings on Wednesday.
Tesla short sellers collected about $4.12 billion in single-day profits on Thursday, according to Bloomberg. Shares fell as much as 15 percent during Thursday’s session. It closed as one of the worst days for Tesla on Wall Street in the past three years.
Investors sold off the stock after Tesla said it would aggressively direct its spending toward AI and its Optimus robot project. The company had record revenues, which were driven by one of the strongest quarters in terms of vehicle deliveries in company history.
However, it missed EPS estimates by reporting just $0.33, a far cry from the $0.53 analysts expected.
S3 Partners reported that about 3 percent of Tesla’s outstanding stock is sold short. Managing Director at S3, Ihor Dusaniwsky, provided the short seller’s potential profit, as well as another figure: shorts have likely had paper gains of $8.92 billion this year, as Tesla shares are down 30 percent in 2026.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla has burned short sellers many times in the past, but the company’s latest Earnings Call was a chance for those skeptics to taste some payback. Although the company gave some very transparent information regarding future projects, the rollout of Robotaxi, Optimus, and Semi, many investors took their profits on Thursday.
Notable short sellers like Michael Burry have been transparent about their skepticism around Tesla shares. Burry just revealed three weeks ago that he had opened up a new short on the stock, stating he shorted Tesla shares at $416.22. “Happy it jumped back to this level,” he said in a blog post.
At the time of publication, Tesla shares were down about 3 percent and the stock was trading at $309.92.
Tesla’s long-standing saga regarding its door handles and a manual release has entered its latest chapter, and as a result, a big change is coming.
On Friday, the National Highway Traffic Safety Administration (NHTSA) denied Tesla’s petition that was seeking a defect investigation into roughly 180,000 Model 3 vehicles for an issue involving the emergency mechanical door release.
🚨 The NHTSA denied a petition from Tesla that would have thrown out concerns regarding its door handles.
NHTSA said Tesla’s petition did not present evidence of a safety-related defect warranting an investigation. The agency said a rulemaking process would be a better strategy. pic.twitter.com/j6PzUBM1mT
— TESLARATI (@Teslarati) July 24, 2026
NHTSA said that Tesla’s petition did not present evidence of a safety-related defect in the door handles or their emergency releases. Instead, the agency determined that it would rather solve the issue of the lack of labeling or location of emergency mechanical door releases and the federal safety rules that govern them.
Essentially, the NHTSA wants to create and enforce rules that would require automakers to make emergency door latch releases more clearly labeled in a car. Despite a Tesla having manual door releases on all four passenger doors, many people do not know they exist or how they work.
Tesla addresses door handle complaints with simple engineering fix
In recent times, Tesla has faced some criticism involving its door handles, specifically because some occupants have reported that they are unable to exit their vehicles after losing power. The door handles on a Tesla are electronically operated, but in the event that the 12V battery dies, there is a manual release that can be used.
The NHTSA only identified a single complaint involving the mechanical door releases: a 2022 Model 3 owner said the release was concealed and unlabeled after the vehicle lost power after a front-end collision. It has also already started to create a separate rulemaking process to make emergency door-egress systems more obvious.
It should be noted that all Teslas have mechanical emergency door releases, but they are placed in various locations as the vehicles have aged and been redesigned from year to year. Refer to the safety manual for your vehicle if you have any confusion about where the emergency releases are and how they work.
Tesla’s Supercharger Diner probably just secured more locations
Tesla short sellers win big after shares fall after earnings
