The race to secure Tesla’s next factory is apparently over.
According to a reliable source familiar with the matter, Tesla CEO Elon Musk is set on bringing the next Tesla Gigafactory, or now Terafactory, to Austin, Texas, or at least close to the city.
The people familiar with the project said that Musk has tasked the engineering team working at Gigafactory Nevada to start the process for the new factory, which is expected to make the Tesla Cybertruck electric pickup truck and the Model Y.
Tesla’s CEO also reportedly wants to move extremely fast.
We are told that the decision for the site is not set in stone since Tesla was apparently given a few options in the greater Austin area, but Musk is said to want to start construction extremely soon and aims to have Model Y vehicles coming out of the plant by the end of the year.