AUSTIN, TX—Tesla Inc.'s latest gigafactory will be built nearAustin, CEO Elon Musk announced during the quarterly earnings callon Wednesday. The manufacturing facility will be built on 2,000acres some 15 minutes from downtown Austin, Musk said.

The newest Tesla factory will focus primarily on the company'sall-electric pickup vehicle, the Cybertruck, but also manufacturethe automaker's Semi, Model 3 and Model Y vehicles for the easternhalf of North America, he added.

"We're also very excited to announce that we're going to bebuilding our next gigafactory in Texas. It will be about fiveminutes from Austin (Bergstrom Inter)national Airport and 15minutes from downtown Austin," Musk said. "It's right on theColorado River, so there's actually going to be a boardwalk wherethere'll be a hiking and biking trail. It's going to basically bean ecological paradise, birds in the trees, fish in the stream andthey will be open to the public as well. So if anyone is interestedin looking at a Giga Texas with engineering, production, whateverthe case may be, please let us know. Now at the same time, I wantto say we will continue to grow in California, but we expectCalifornia to do Model S and X for worldwide consumption, and 3 andY for the western half of North America."

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.