News
Tesla received a killer deal for Giga Texas
Tesla’s recently purchased Giga Texas property set the electric automaker back $97 million. But while that sounds like a substantial sum for a 2,100-acre piece of land, the deal ended up being Tesla’s best real estate transaction for a Gigafactory yet.
The land that Tesla purchased is located just 15 minutes outside of downtown Austin, Texas. Before the electric car company decided to pull the trigger on the property after several months of negotiating and considering other locations for its next facility, it was owned by TXI Operations LP, the Austin Business Journal reported.
TXI Operations is a subsidiary of the larger Martin Marietta Inc. Martin Marietta’s most recent quarterly earnings call revealed that the company had sold the plot of land for $97 million.
Interestingly, Tesla’s purchase of the Texas land plot was the best deal the electric automaker had received on a piece of property.
Comparing the Giga Texas site to the other Gigafactory locations in terms of price per acre shows that the facility was the best deal the company has received on a plot of land to date.
-->In China with Giga Shanghai, Tesla purchased 214 acres of land for over 973 million Chinese Yuan, or around $139.638 million. This price breaks down to approximately $652,514 per acre.
In Germany with Giga Berlin, Tesla purchased 740 acres of land for around $48 million. This would mean that Tesla paid just over $64,860 per acre.
However, the massive land plot that Tesla purchased in Texas proved to the company’s best real estate deal to date. The 2,100-acre land was purchased for $97 million, breaking down to around $46,190 per acre.
Martin Marietta’s Senior Vice President and CFO James A. J. Nickolas and Chairman, President, and CEO C. Howard Nye indicated that a “depleted sand and gravel location” in Austin was sold for nearly $100 million.
Tesla had purchased the land under a subsidiary company known as Colorado River Project, LLC. This detail was included in the company’s presentation to the Travis County Commissioners Court, where the electric automaker outlined the economic benefits its production facility would have on the area.
-->Tesla received what could be considered a “wholesale price” on the land because it purchased a sizeable portion of property. The purchase price is wholly indicative of a great deal for Tesla, who will bring thousands of jobs to the area and will help the Austin region pull out of a deep economic recession that was induced by the COVID-19 pandemic.
Tesla plans to move swiftly during the development stages of the land, and the company has already started leveling the ground in Austin. Tesla plans to open the facility sometime in 2021 in time for the manufacturing of the Cybertruck, which will begin production toward the end of next year.
News
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
-->This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
News
Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
Tesla sees sharp November rebound in China as Model Y demand surges
