The Prague Post - Tesla inaugurates huge Texas plant with party just as big

EUR -
AED 4.281785
AFN 73.452334
ALL 95.429651
AMD 429.262728
ANG 2.087503
AOA 1070.299611
ARS 1646.071042
AUD 1.619085
AWG 2.098626
AZN 1.986664
BAM 1.958695
BBD 2.348401
BDT 143.127251
BGN 1.946965
BHD 0.439866
BIF 3469.728069
BMD 1.165903
BND 1.490102
BOB 8.056908
BRL 5.872776
BSD 1.165988
BTN 110.713639
BWP 15.645124
BYN 3.194922
BYR 22851.703681
BZD 2.345166
CAD 1.609005
CDF 2648.932604
CHF 0.910709
CLF 0.026367
CLP 1037.712648
CNY 7.88891
CNH 7.886595
COP 4305.843925
CRC 527.063197
CUC 1.165903
CUP 30.896436
CVE 110.615118
CZK 24.279007
DJF 207.204784
DKK 7.47393
DOP 68.019254
DZD 154.808958
EGP 61.006856
ERN 17.488549
ETB 184.21313
FJD 2.590409
FKP 0.865202
GBP 0.866681
GEL 3.113417
GGP 0.865202
GHS 13.688159
GIP 0.865202
GMD 84.532475
GNF 10236.630941
GTQ 8.894108
GYD 243.930539
HKD 9.137126
HNL 30.978502
HRK 7.532439
HTG 152.69569
HUF 353.842897
IDR 20780.651445
ILS 3.267036
IMP 0.865202
INR 110.773055
IQD 1527.333256
IRR 1575193.585016
ISK 143.359913
JEP 0.865202
JMD 183.645923
JOD 0.826672
JPY 185.738927
KES 150.879988
KGS 101.958687
KHR 4675.272437
KMF 492.011579
KPW 1049.144158
KRW 1757.506323
KWD 0.360778
KYD 0.971736
KZT 568.169776
LAK 25594.495481
LBP 104406.636357
LKR 384.788732
LRD 213.506078
LSL 18.934713
LTL 3.44261
LVL 0.705244
LYD 7.403929
MAD 10.707364
MDL 20.177824
MGA 4885.135018
MKD 61.616675
MMK 2448.448944
MNT 4174.360155
MOP 9.409465
MRU 46.636533
MUR 55.229278
MVR 17.959269
MWK 2025.174346
MXN 20.234022
MYR 4.629223
MZN 74.507092
NAD 18.934708
NGN 1599.273829
NIO 42.637521
NOK 10.78869
NPR 177.141822
NZD 1.949182
OMR 0.449196
PAB 1.166023
PEN 3.963493
PGK 5.077554
PHP 71.672781
PKR 324.762787
PLN 4.231005
PYG 7015.36898
QAR 4.245098
RON 5.251349
RSD 117.38435
RUB 82.95033
RWF 1705.133502
SAR 4.398141
SBD 9.365071
SCR 15.814297
SDG 700.129187
SEK 10.790487
SGD 1.48863
SHP 0.870465
SLE 28.685495
SLL 24448.410635
SOS 666.317977
SRD 43.337211
STD 24131.843306
STN 24.95033
SVC 10.202905
SYP 128.869732
SZL 18.934699
THB 37.979343
TJS 10.762507
TMT 4.080661
TND 3.374168
TOP 2.807215
TRY 53.459583
TTD 7.920707
TWD 36.640613
TZS 3065.839407
UAH 51.641442
UGX 4395.364568
USD 1.165903
UYU 46.767721
UZS 14017.076029
VES 639.713683
VND 30677.82924
VUV 137.641842
WST 3.165657
XAF 656.927964
XAG 0.015488
XAU 0.000257
XCD 3.150912
XCG 2.101443
XDR 0.815557
XOF 655.824767
XPF 119.331742
YER 278.188699
ZAR 19.000364
ZMK 10494.532504
ZMW 21.432678
ZWL 375.42037
  • CMSC

    -0.1000

    22.74

    -0.44%

  • BCC

    -0.6300

    69.72

    -0.9%

  • RBGPF

    -0.0100

    63.54

    -0.02%

  • CMSD

    0.0400

    22.93

    +0.17%

  • AZN

    0.3400

    185.67

    +0.18%

  • GSK

    -0.7000

    50.54

    -1.39%

  • RIO

    -0.0800

    106.39

    -0.08%

  • BCE

    0.2000

    25.11

    +0.8%

  • RYCEF

    0.7000

    18

    +3.89%

  • VOD

    0.0300

    14.96

    +0.2%

  • JRI

    0.0600

    12.92

    +0.46%

  • RELX

    -0.3100

    32.79

    -0.95%

  • NGG

    -1.1562

    81.53

    -1.42%

  • BTI

    -1.1300

    61.79

    -1.83%

  • BP

    0.2800

    41.87

    +0.67%

Tesla inaugurates huge Texas plant with party just as big
Tesla inaugurates huge Texas plant with party just as big

Tesla inaugurates huge Texas plant with party just as big

Tesla welcomed throngs of electric car lovers to Texas Thursday for a huge party inaugurating a "gigafactory" the size of 100 professional soccer fields.

Text size:

Online buzz has swelled ever since Tesla's colorful but controversial founder and chief executive Elon Musk tweeted word of the event, with reports of perhaps as many as 15,000 guests taking part in the official plant opening in the state capital Austin.

Tesla owners posted plans for cross country road trips, while others urged the uninvited to just show up and find a way inside.

As Thursday arrived, Musk tweeted images and video of preparations including a kaleidescope-like walkway leading into a plant given a nightclub look with red and blue lights.

Tesla electric cars were on a stage backed by a giant "Giga Texas" sign made of neon lights. The festivities would not start until the evening, Musk tweeted.

The company has remained mum about details of the extravaganza, but rumors abound, including reports of an open bar and concert at Tesla's 74-acre home in Texas.

Tesla fans have posted drone footage and other video showing sightings of what could be new vehicle models on display at the event.

"I got a golden ticket!" Luke Metger, president of a Texas environmental organization, tweeted on the eve of the party, attaching a screen-shot of his invite to the Cyber Rodeo - Giga Texas gala.

But will Texas be Musk's land of promise?

- Farewell Silicon Valley -

The move to a US state known for conservative Republican politics is seen by some as Musk stepping away from the liberal Silicon Valley culture in which he made his fortune.

The South African-born serial entrepreneur is now ranked the world's richest man. He founded Tesla in Silicon Valley in 2003, but shifted its headquarters to Texas late last year.

Musk has clashed with California regulators, particularly when health precautions mandated at the height of the pandemic closed Tesla's Fremont plant.

California is also investigating whether discrimination took place at Tesla's plant there.

It remains to be seen how Musk will navigate conservative policies in Texas, such as the state's restrictive new abortion law and limits on seeking health services for transgender children.

Part of the Texas allure is a lack of corporate or personal income taxes. Tesla received more than $60 million in tax breaks to build the factory, which is expected to employ 10,000 people over time.

While Musk has spoken of a desire for a shift away from climate-wrecking fossil fuels, Texas is known for oil rigs and gas-guzzling cars and trucks.

"I think he is having a bit of an identity crisis and forgotten who his customer is, and it is going to come back to bite him," tech analyst Rob Enderle said of Musk.

"He is drifting to the right; what he doesn't seem to remember is that most of the people who buy electric cars are the liberals."

- Cybertruck -

Giga Texas has been in operation since late last year. It is the fifth and largest gigafactory cranking out battery packs and vehicles for Tesla.

Since starting with a car plant in Silicon Valley, Tesla has gone global with mega-factories in Berlin and Shanghai as well as in US states New York and Nevada.

The Austin plant will produce Model 3 and Y cars and eventually a Cybertruck pickup and a semi for hauling cargo trailers set to go into production next year, according to Edmunds analyst Jessica Caldwell.

Tesla demand is outstripping supply to the point that some Model Y and 3 cars are being delivered months late in some parts of the world, according to Wedbush analyst Dan Ives.

"The solution is mainly in Austin and Berlin," Ives said.

Gigafactory Berlin officially opened last month.

Tesla wants to ramp up production by some 50 percent annually, and should easily top that goal this year, Musk said recently.

He has delivered more than a million vehicles during the past 12 months despite production constraints caused by a global chip shortage plaguing many industries.

W.Cejka--TPP