The Prague Post - 'Cyber Rodeo' bash fetes new Tesla plant in Texas

EUR -
AED 4.187514
AFN 75.816272
ALL 93.795134
AMD 415.989364
AOA 1045.595917
ARS 1706.355504
AUD 1.628071
AWG 2.052425
AZN 1.936044
BAM 1.95575
BBD 2.292611
BDT 140.40641
BHD 0.429278
BIF 3400.493769
BMD 1.140236
BND 1.469298
BOB 12.640677
BRL 5.797414
BSD 1.138241
BTN 109.859228
BWP 15.723184
BYN 3.264917
BYR 22348.622614
BZD 2.289311
CAD 1.607675
CDF 2576.933303
CHF 0.928949
CLF 0.027483
CLP 1081.650372
CNY 7.721793
CNH 7.715508
COP 3670.179744
CRC 517.973129
CUC 1.140236
CUP 30.21625
CVE 110.261214
CZK 24.151679
DJF 202.692151
DKK 7.475346
DOP 66.286561
DZD 151.985767
EGP 57.786931
ERN 17.103538
ETB 183.718069
FJD 2.53845
FKP 0.855861
GBP 0.854749
GEL 2.993142
GGP 0.855861
GHS 13.237545
GIP 0.855861
GMD 84.377557
GNF 9986.262988
GTQ 8.683778
GYD 238.141823
HKD 8.941735
HNL 30.487418
HRK 7.535592
HTG 148.819669
HUF 359.462201
IDR 20536.787852
ILS 3.452062
IMP 0.855861
INR 109.304206
IQD 1491.161876
IRR 1567824.290378
ISK 143.008771
JEP 0.855861
JMD 180.540634
JOD 0.808396
JPY 186.452502
KES 147.672114
KGS 99.713366
KHR 4602.680493
KMF 494.861875
KRW 1675.280062
KWD 0.353724
KYD 0.948576
KZT 541.216163
LAK 25774.341029
LBP 101932.193906
LKR 382.52022
LRD 206.022926
LSL 19.225808
LTL 3.36682
LVL 0.689717
LYD 7.283718
MAD 10.659634
MDL 20.118486
MGA 5043.738345
MKD 61.504009
MMK 2394.494449
MNT 4098.003519
MOP 9.194465
MRU 45.429643
MUR 53.979005
MVR 17.617246
MWK 1973.69761
MXN 19.875797
MYR 4.659687
MZN 72.864585
NAD 19.225808
NGN 1555.989179
NIO 41.886909
NOK 10.991828
NPR 175.771881
NZD 1.966183
OMR 0.438418
PAB 1.138271
PEN 3.873701
PGK 5.091624
PHP 70.369087
PKR 316.174898
PLN 4.314276
PYG 6881.733525
QAR 4.138094
RON 5.232564
RSD 117.422626
RUB 88.995376
RWF 1677.212991
SAR 4.273135
SBD 9.214366
SCR 15.352867
SDG 684.712465
SEK 11.0375
SGD 1.470779
SLE 27.622241
SOS 650.466256
SRD 43.092362
STD 23600.57992
STN 24.498192
SVC 9.959745
SZL 19.223003
THB 38.252063
TJS 10.500439
TMT 3.990825
TND 3.373914
TRY 53.986856
TTD 7.733802
TWD 36.853902
TZS 3010.220312
UAH 51.010754
UGX 4290.852665
USD 1.140236
UYU 45.708431
UZS 13775.647799
VES 845.258437
VND 30005.306331
VUV 135.315331
WST 3.142855
XAF 655.922972
XAG 0.019189
XAU 0.000278
XCD 3.081545
XCG 2.051448
XDR 0.815758
XOF 655.931601
XPF 119.331742
YER 272.003513
ZAR 19.045963
ZMK 10263.492626
ZMW 21.086183
ZWL 367.155478
  • GSK

    0.6100

    51.35

    +1.19%

  • RYCEF

    -0.1900

    18.17

    -1.05%

  • RBGPF

    -0.7300

    66

    -1.11%

  • CMSC

    -0.0650

    21.725

    -0.3%

  • BTI

    1.1200

    60.96

    +1.84%

  • RELX

    1.5500

    34.41

    +4.5%

  • RIO

    -0.2900

    91.22

    -0.32%

  • NGG

    -0.0700

    82.3

    -0.09%

  • BCE

    0.0900

    21.3

    +0.42%

  • AZN

    0.9900

    169.26

    +0.58%

  • BP

    -0.1100

    43.82

    -0.25%

  • VOD

    -0.1000

    15.15

    -0.66%

  • CMSD

    -0.0200

    21.98

    -0.09%

  • BCC

    1.3800

    77.84

    +1.77%

  • JRI

    0.1600

    13.06

    +1.23%

'Cyber Rodeo' bash fetes new Tesla plant in Texas
'Cyber Rodeo' bash fetes new Tesla plant in Texas

'Cyber Rodeo' bash fetes new Tesla plant in Texas

Electric car lovers are flocking to Austin for an enormous party Thursday celebrating a new Tesla "gigafactory" in Texas 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.

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

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 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.

C.Zeman--TPP