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Tesla Confirms New Gigafactory in Texas – TheStreet

Construction of the facility is already underway, said CEO Elon Musk.



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Tesla is building a new factory in Texas, CEO Elon Musk announced on its second quarter earnings call. 
The new Gigafactory will be based outside of Austin, “5 minutes from Austin International Airport and 15 minutes from downtown Austin,” Musk said. Tesla shares were up 5.7% in after hours trading after the carmaker reported its fourth straight quarter of positive GAAP earnings, clearing a major hurdle for possible inclusion in the S&P 500 index. 
The Texas factory wasn’t a big surprise, …

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