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

USD -
AED 3.672946
AFN 69.500052
ALL 89.129913
AMD 387.090215
ANG 1.802797
AOA 929.493843
ARS 962.2544
AUD 1.478395
AWG 1.80125
AZN 1.697576
BAM 1.757785
BBD 2.019754
BDT 119.530148
BGN 1.758795
BHD 0.376819
BIF 2893
BMD 1
BND 1.293973
BOB 6.912202
BRL 5.462501
BSD 1.000306
BTN 83.75619
BWP 13.214754
BYN 3.273714
BYR 19600
BZD 2.016321
CAD 1.361255
CDF 2869.999734
CHF 0.84793
CLF 0.033731
CLP 930.749609
CNY 7.081982
CNH 7.101025
COP 4190.25
CRC 517.763578
CUC 1
CUP 26.5
CVE 99.497232
CZK 22.57345
DJF 177.71978
DKK 6.715695
DOP 60.049852
DZD 132.140158
EGP 48.528199
ERN 15
ETB 116.201822
EUR 0.90028
FJD 2.207098
FKP 0.761559
GBP 0.757795
GEL 2.682496
GGP 0.761559
GHS 15.709672
GIP 0.761559
GMD 69.000219
GNF 8649.999791
GTQ 7.737314
GYD 209.343291
HKD 7.793155
HNL 24.960336
HRK 6.799011
HTG 131.990006
HUF 354.9825
IDR 15303
ILS 3.77925
IMP 0.761559
INR 83.76325
IQD 1310
IRR 42105.000404
ISK 137.109473
JEP 0.761559
JMD 157.156338
JOD 0.7087
JPY 142.903497
KES 129.000055
KGS 84.362196
KHR 4070.000137
KMF 442.484777
KPW 899.999433
KRW 1328.885027
KWD 0.30493
KYD 0.833618
KZT 479.135773
LAK 22110.000269
LBP 89550.000143
LKR 303.443999
LRD 195.000207
LSL 17.5898
LTL 2.95274
LVL 0.60489
LYD 4.75502
MAD 9.75675
MDL 17.380597
MGA 4559.999503
MKD 55.372336
MMK 3247.960992
MNT 3397.999955
MOP 8.029155
MRU 39.698872
MUR 45.849845
MVR 15.349656
MWK 1735.495602
MXN 19.264751
MYR 4.249959
MZN 63.898241
NAD 17.589914
NGN 1639.430101
NIO 36.759447
NOK 10.595195
NPR 134.016106
NZD 1.610325
OMR 0.384965
PAB 1.000297
PEN 3.77515
PGK 3.92785
PHP 55.822505
PKR 278.150478
PLN 3.847005
PYG 7799.327737
QAR 3.64075
RON 4.479498
RSD 105.386004
RUB 93.623323
RWF 1340
SAR 3.752957
SBD 8.320763
SCR 13.467608
SDG 601.50018
SEK 10.211785
SGD 1.29708
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 571.000232
SRD 30.072499
STD 20697.981008
SVC 8.752662
SYP 2512.529936
SZL 17.590181
THB 33.410165
TJS 10.653204
TMT 3.51
TND 3.030985
TOP 2.3498
TRY 34.067403
TTD 6.794467
TWD 31.967986
TZS 2724.43999
UAH 41.467525
UGX 3720.813186
UYU 40.990752
UZS 12745.000347
VEF 3622552.534434
VES 36.733251
VND 24625
VUV 118.722009
WST 2.797463
XAF 589.560677
XAG 0.033144
XAU 0.000391
XCD 2.70255
XDR 0.741403
XOF 589.50093
XPF 106.250192
YER 250.350237
ZAR 17.552971
ZMK 9001.197294
ZMW 26.483144
ZWL 321.999592
  • RBGPF

    3.5000

    60.5

    +5.79%

  • JRI

    0.0600

    13.44

    +0.45%

  • BCC

    1.8200

    137.06

    +1.33%

  • BCE

    1.1000

    35.61

    +3.09%

  • CMSC

    0.0050

    25.055

    +0.02%

  • CMSD

    -0.0300

    24.98

    -0.12%

  • NGG

    -0.3200

    70.05

    -0.46%

  • SCS

    0.1000

    14.11

    +0.71%

  • RELX

    -0.3900

    47.37

    -0.82%

  • RYCEF

    0.0900

    6.55

    +1.37%

  • RIO

    -0.0100

    62.91

    -0.02%

  • VOD

    0.0500

    10.23

    +0.49%

  • GSK

    -0.1300

    42.43

    -0.31%

  • AZN

    0.0500

    78.58

    +0.06%

  • BP

    -0.1200

    32.43

    -0.37%

  • BTI

    -0.1300

    37.88

    -0.34%

'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