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Tesla gets open invite from Oklahoma to establish its headquarters in state
Tesla has received an invitation to move its headquarters to the Central U.S. state of Oklahoma after CEO Elon Musk hinted last week that his company could be leaving its current Northern California location.
Tesla and Musk have both received a series of offers from multiple U.S. states over the past week. Musk claims Tesla could sever its relationship with California after Alameda County, the jurisdiction that the Fremont factory sits in, overruled State Governor Gavin Newsom’s approval for manufacturing and transportation businesses to resume production.
Oklahoma State Representative Ryan Martinez and Governor Kevin Stitt are among a group of Oklahomans willing to welcome the electric carmaker into their state with open arms, Fox affiliate KOKH in Oklahoma City reported.
After Musk stated Tesla would be moving its company to Nevada and Texas, Rep. Martinez said, “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.”
Before the COVID-19 virus ripped through the United States, Musk stated that the company would be exploring lands in the center of the country so it could plan on building a new Gigafactory that would assist in Cybertruck and Model Y production. While Musk posted a poll on his personal Twitter account that specifically mentioned Texas, there is no indication that he or the automaker has settled on the Lone Star State as its next home.
While speculation continues to persist over where Tesla will open its next Gigafactory, Oklahoma is indeed a state that fits all of the company’s needs in terms of land needed, location, and cost of operation.
Oklahoma is a flat and open state located in the center of the United States. When Musk talked about a new facility, he stated it had to be in the middle of the U.S., expediting the delivery process to East Coast customers.
Much of the land in Oklahoma is rural and maintained by farmers or is used for cattle grazing. However, there are large masses that remain unoccupied and would be perfect for Tesla’s newest, and perhaps most expansive, production facility to date.
As Rep. Martinez said, Oklahoma’s tax base, cost of living, and property value are significantly less than California’s. Less expensive operating expenses for the company would increase its profit margins and allow for a more comfortable living experience for employees.
According to bestplaces.net, the average cost of a home in California is $552,800. In Oklahoma, the average house costs just $124,800, making it much more affordable for workers who are on the production lines of Tesla’s factories every day.
Tesla’s invitations to the different U.S. states indicates that many territories recognize the positive economic and environmental impact the automaker would bring. Tesla employs 10,000 people at the Fremont facility. With Musk stating the newest Giga facility would be its largest yet, the company could end up using even more people in its new home.
Elon Musk reopened Tesla’s Fremont facility earlier this week against the wishes of Alameda County. Explicitly focused on getting employees back to work and ramping production, Musk said, “If anyone is arrested, I ask that it only be me.”
Elon Musk
Elon Musk confirms xAI’s purchase of five 380 MW natural gas turbines
The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.
xAI, Elon Musk’s artificial intelligence startup, has purchased five additional 380 MW natural gas turbines from South Korea’s Doosan Enerbility to power its growing supercomputer clusters.
The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.
xAI’s turbine deal details
News of xAI’s new turbines was shared on social media platform X, with user @SemiAnalysis_ stating that the turbines were produced by South Korea’s Doosan Enerbility. As noted in an Asian Business Daily report, Doosan Enerbility announced last October that it signed a contract to supply two 380 MW gas turbines for a major U.S. tech company. Doosan later noted in December that it secured an order for three more 380 MW gas turbines.
As per the X user, the gas turbines would power an additional 600,000+ GB200 NVL72 equivalent size cluster. This should make xAI’s facilities among the largest in the world. In a reply, Elon Musk confirmed that xAI did purchase the turbines. “True,” Musk wrote in a post on X.
xAI’s ambitions
Recent reports have indicated that xAI closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development. The funding, as per the AI startup, “will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products.”
The company also teased the rollout of its upcoming frontier AI model. “Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote in a post on its website.
Elon Musk
Elon Musk’s xAI closes upsized $20B Series E funding round
xAI announced the investment round in a post on its official website.
xAI has closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development.
xAI announced the investment round in a post on its official website.
A $20 billion Series E round
As noted by the artificial intelligence startup in its post, the Series E funding round attracted a diverse group of investors, including Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group, among others.
Strategic partners NVIDIA and Cisco Investments also continued support for building the world’s largest GPU clusters.
As xAI stated, “This financing will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products reaching billions of users, and fuel groundbreaking research advancing xAI’s core mission: Understanding the Universe.”
xAI’s core mission
Th Series E funding builds on xAI’s previous rounds, powering Grok advancements and massive compute expansions like the Memphis supercluster. The upsized demand reflects growing recognition of xAI’s potential in frontier AI.
xAI also highlighted several of its breakthroughs in 2025, from the buildout of Colossus I and II, which ended with over 1 million H100 GPU equivalents, and the rollout of the Grok 4 Series, Grok Voice, and Grok Imagine, among others. The company also confirmed that work is already underway to train the flagship large language model’s next iteration, Grok 5.
“Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote.
Tesla (NASDAQ: TSLA) stock received a price target update from Pierre Ferragu of Wall Street firm New Street Research, citing the company’s growing lead in self-driving and autonomy.
On Tuesday, Ferragu bumped his price target from $520 to $600, stating that the consensus from the Consumer Electronics Show in Las Vegas was that Tesla’s lead in autonomy has been sustained, is growing, and sits at a multiple-year lead over its competitors.
CES 2026 validates Tesla’s FSD strategy, but there’s a big lag for rivals: analyst
“The signal from Vegas is loud and clear,” the analyst writes. “The industry isn’t catching up to Tesla; it is actively validating Tesla’s strategy…just with a 12-year lag.”
The note shows that the company’s prowess in vehicle autonomy is being solidified by lagging competitors that claim to have the best method. The only problem is that Tesla’s Vision-based approach, which it adopted back in 2022 with the Model 3 and Model Y initially, has been proven to be more effective than competitors’ approach, which utilizes other technology, such as LiDAR and sensors.
Currently, Tesla shares are sitting at around $433, as the company’s stock price closed at $432.96 on Tuesday afternoon.
Ferragu’s consensus on Tesla shares echoes that of other Wall Street analysts who are bullish on the company’s stock and position within the AI, autonomy, and robotics sector.
Dan Ives of Wedbush wrote in a note in mid-December that he anticipates Tesla having a massive 2026, and could reach a $3 trillion valuation this year, especially with the “AI chapter” taking hold of the narrative at the company.
Ives also said that the big step in the right direction for Tesla will be initiating production of the Cybercab, as well as expanding on the Robotaxi program through the next 12 months:
“…as full-scale volume production begins with the autonomous and robotics roadmap…The company has started to test the all-important Cybercab in Austin over the past few weeks, which is an incremental step towards launching in 2026 with important volume production of Cybercabs starting in April/May, which remains the golden goose in unlocking TSLA’s AI valuation.”
Tesla analyst breaks down delivery report: ‘A step in the right direction’
Tesla has transitioned from an automaker to a full-fledged AI company, and its Robotaxi and Cybercab programs, fueled by the Full Self-Driving suite, are leading the charge moving forward. In 2026, there are major goals the company has outlined. The first is removing Safety Drivers from vehicles in Austin, Texas, one of the areas where it operates a ride-hailing service within the U.S.
Ultimately, Tesla will aim to launch a Level 5 autonomy suite to the public in the coming years.
Elon Musk confirms xAI’s purchase of five 380 MW natural gas turbines
Elon Musk’s xAI closes upsized $20B Series E funding round
