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Tesla to Open Largest Factory to Date Called “Gigatexas”




Despite the threat of COVID-19, Tesla will push through with “GigaTexas,” its newest plant and its largest factory to date.

Elon Musk’s Tesla continues its drive to expand in the United States. The electric carmaker announced last Wednesday that it would open another factory in Texas. Likewise, this factory will be the largest Tesla factory in the world.

What Is “GigaTexas”, Tesla’s New Plant?

Wired reports that the new factory is called “GigaTexas.” The same report said that this new factory would use up 2,000 acres on a site near Austin. For future workers, they can drive 15 minutes from downtown Austin to the plant. From the airport, they can drive 5 minutes.

Tesla CEO Elon Musk declared to investors that the new plant would be friendly to the environment. He said there would be “birds in the trees, butterflies, fish in the stream.

Tesla to Build New Car Models in “GigaTexas”

Tesla plans to build new car models in “GigaTexas.” From the plant will come the Cybertruck and Semi, which will debut in 2021. Tesla will also produce more Model 3 sedans and Model Y SUVs for the Eastern US market. With the opening of a new plant, more jobs will also be available. Texas Governor Greg Abbott said that this new plant would employ 5,000 workers. These jobs would also pay $15 an hour. Abbott added that Tesla would invest $1 billion in the latest factory.

“GigaTexas” adds to the many Tesla factories in the world. It joins factories in Fremont, California, and Shanghai. Tesla also plans to open another plant in Berlin next year.

Will “GigaTexas” Make Tesla Even More Money?

Now, Wired reports that Tesla is more valuable than both Toyota and Volkswagen combined, with a value of $300 billion. Tesla also made $140 million in quarterly profits for 2020.

Irene grew up in Dayton, Ohio, and now lives in New York as a full-time environmentalist and a part-time journalist. She was previously an editor at local online newspaper, where she wrote about topics including technology, finance and the media industry.