The Fort Worth Press - 'Cyber Rodeo' bash fetes new Tesla plant in Texas

USD -
AED 3.6725
AFN 66.000063
ALL 82.019444
AMD 379.030024
ANG 1.79008
AOA 917.000222
ARS 1452.1415
AUD 1.436864
AWG 1.8
AZN 1.699581
BAM 1.650151
BBD 2.016242
BDT 122.43245
BGN 1.67937
BHD 0.377035
BIF 2964.5
BMD 1
BND 1.271584
BOB 6.942435
BRL 5.261799
BSD 1.001076
BTN 91.544186
BWP 13.176113
BYN 2.86646
BYR 19600
BZD 2.013297
CAD 1.36714
CDF 2154.999935
CHF 0.778795
CLF 0.021919
CLP 865.500352
CNY 6.946501
CNH 6.938895
COP 3622.05
CRC 496.70313
CUC 1
CUP 26.5
CVE 93.874975
CZK 20.59725
DJF 177.719709
DKK 6.327105
DOP 62.950149
DZD 129.934449
EGP 47.089896
ERN 15
ETB 155.250273
EUR 0.84721
FJD 2.206598
FKP 0.729754
GBP 0.731315
GEL 2.694994
GGP 0.729754
GHS 10.954985
GIP 0.729754
GMD 73.55548
GNF 8751.000245
GTQ 7.681242
GYD 209.445862
HKD 7.810703
HNL 26.449908
HRK 6.386897
HTG 131.200378
HUF 322.735497
IDR 16766.2
ILS 3.10084
IMP 0.729754
INR 90.46795
IQD 1310.5
IRR 42125.000158
ISK 123.039932
JEP 0.729754
JMD 157.178897
JOD 0.709014
JPY 155.4575
KES 129.13006
KGS 87.449831
KHR 4025.492445
KMF 418.000086
KPW 900
KRW 1450.029709
KWD 0.30714
KYD 0.834223
KZT 505.528533
LAK 21494.999879
LBP 85549.999924
LKR 310.004134
LRD 185.999884
LSL 16.110186
LTL 2.95274
LVL 0.60489
LYD 6.320108
MAD 9.15875
MDL 16.948552
MGA 4450.000276
MKD 52.248327
MMK 2099.986463
MNT 3564.625242
MOP 8.053239
MRU 39.929374
MUR 45.650252
MVR 15.450036
MWK 1737.000377
MXN 17.388398
MYR 3.958498
MZN 63.749877
NAD 16.109867
NGN 1391.000271
NIO 36.697378
NOK 9.69397
NPR 146.471315
NZD 1.662775
OMR 0.38451
PAB 1.00108
PEN 3.365975
PGK 4.237972
PHP 58.919935
PKR 279.749793
PLN 3.57693
PYG 6656.120146
QAR 3.64125
RON 4.317897
RSD 99.493038
RUB 76.448038
RWF 1453
SAR 3.750185
SBD 8.058101
SCR 14.250149
SDG 601.501494
SEK 8.95644
SGD 1.271315
SHP 0.750259
SLE 24.474994
SLL 20969.499267
SOS 571.503458
SRD 38.025022
STD 20697.981008
STN 21.25
SVC 8.759629
SYP 11059.574895
SZL 16.109942
THB 31.490262
TJS 9.349825
TMT 3.51
TND 2.847497
TOP 2.40776
TRY 43.480099
TTD 6.777673
TWD 31.591702
TZS 2588.490529
UAH 43.112529
UGX 3575.692379
UYU 38.836508
UZS 12249.999719
VES 369.791581
VND 26020
VUV 119.156711
WST 2.710781
XAF 553.468475
XAG 0.012114
XAU 0.000209
XCD 2.70255
XCG 1.80413
XDR 0.687215
XOF 551.505966
XPF 101.749394
YER 238.374969
ZAR 16.066915
ZMK 9001.197925
ZMW 19.646044
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • BCC

    0.9400

    81.75

    +1.15%

  • NGG

    -0.6600

    84.61

    -0.78%

  • CMSC

    -0.0100

    23.75

    -0.04%

  • BCE

    -0.0300

    25.83

    -0.12%

  • CMSD

    0.0300

    24.08

    +0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • GSK

    0.8700

    52.47

    +1.66%

  • BTI

    0.3100

    60.99

    +0.51%

  • AZN

    1.3100

    188.41

    +0.7%

  • RIO

    1.4900

    92.52

    +1.61%

  • JRI

    0.0700

    13.15

    +0.53%

  • RYCEF

    0.7000

    16.7

    +4.19%

  • BP

    -0.1800

    37.7

    -0.48%

  • VOD

    0.2600

    14.91

    +1.74%

  • RELX

    -0.2700

    35.53

    -0.76%

'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.

T.Mason--TFWP