Dubai Telegraph - 'Cyber Rodeo' bash fetes new Tesla plant in Texas

EUR -
AED 4.236376
AFN 76.133616
ALL 93.420643
AMD 421.8111
AOA 1058.949439
ARS 1713.530983
AUD 1.646514
AWG 2.076371
AZN 1.958861
BAM 1.957818
BBD 2.322964
BDT 142.415095
BHD 0.43492
BIF 3412.21077
BMD 1.153539
BND 1.479129
BOB 14.041502
BRL 5.845791
BSD 1.153319
BTN 109.902159
BWP 15.686288
BYN 3.371457
BYR 22609.369221
BZD 2.319631
CAD 1.618303
CDF 2624.302102
CHF 0.932031
CLF 0.02712
CLP 1070.854022
CNY 7.787893
CNH 7.788795
COP 3639.450927
CRC 523.90606
CUC 1.153539
CUP 30.56879
CVE 110.369697
CZK 24.208986
DJF 205.377491
DKK 7.47573
DOP 66.904916
DZD 153.477055
EGP 57.913554
ERN 17.303089
ETB 186.154206
FJD 2.556701
FKP 0.855633
GBP 0.856451
GEL 3.016504
GGP 0.855633
GHS 13.476959
GIP 0.855633
GMD 84.785821
GNF 10127.607036
GTQ 8.799538
GYD 241.672393
HKD 9.04658
HNL 30.913995
HRK 7.538959
HTG 150.795659
HUF 363.957818
IDR 20738.328564
ILS 3.519863
IMP 0.855633
INR 109.943652
IQD 1510.86595
IRR 1586260.655293
ISK 142.035017
JEP 0.855633
JMD 182.698059
JOD 0.817844
JPY 180.742869
KES 149.325704
KGS 100.877274
KHR 4660.542191
KMF 492.56182
KRW 1645.592583
KWD 0.357139
KYD 0.961137
KZT 547.100836
LAK 26085.423004
LBP 103285.119208
LKR 387.237404
LRD 208.182896
LSL 19.021156
LTL 3.406102
LVL 0.697765
LYD 7.351164
MAD 10.753881
MDL 20.137626
MGA 4912.788032
MKD 61.580016
MMK 2422.066909
MNT 4145.276222
MOP 9.31628
MRU 46.191819
MUR 54.146996
MVR 17.833369
MWK 1999.879747
MXN 19.978931
MYR 4.724433
MZN 73.722409
NAD 19.021156
NGN 1571.985528
NIO 42.440259
NOK 10.994527
NPR 175.844617
NZD 1.963491
OMR 0.44354
PAB 1.153309
PEN 3.895295
PGK 5.089961
PHP 70.289782
PKR 320.256224
PLN 4.303105
PYG 6879.675151
QAR 4.204479
RON 5.246639
RSD 117.369172
RUB 92.456578
RWF 1691.348398
SAR 4.317154
SBD 9.321872
SCR 15.546683
SDG 692.12388
SEK 10.984531
SGD 1.478532
SLE 28.489446
SOS 659.139544
SRD 43.58244
STD 23875.933406
STN 24.523795
SVC 10.091573
SZL 19.024459
THB 38.451495
TJS 10.651042
TMT 4.048923
TND 3.384384
TRY 54.835138
TTD 7.820554
TWD 37.44123
TZS 3051.416957
UAH 51.735221
UGX 4316.2066
USD 1.153539
UYU 46.385207
UZS 13828.417316
VES 860.19006
VND 30323.086159
VUV 137.329026
WST 3.154343
XAF 656.596923
XAG 0.019892
XAU 0.000284
XCD 3.117497
XCG 2.078617
XDR 0.815358
XOF 656.596923
XPF 119.331742
YER 274.883152
ZAR 18.99412
ZMK 10383.236811
ZMW 21.674843
ZWL 371.439167
  • RBGPF

    0.0000

    69.21

    0%

  • CMSC

    0.0300

    21.84

    +0.14%

  • BCC

    1.0000

    76.38

    +1.31%

  • CMSD

    0.0900

    22.11

    +0.41%

  • AZN

    -1.7000

    169.64

    -1%

  • BTI

    -1.0400

    60.65

    -1.71%

  • RIO

    -0.3300

    96.85

    -0.34%

  • NGG

    -0.4200

    79.97

    -0.53%

  • BCE

    -0.0200

    21.68

    -0.09%

  • GSK

    -0.3800

    51.69

    -0.74%

  • RYCEF

    -0.3100

    19.55

    -1.59%

  • JRI

    0.0900

    12.96

    +0.69%

  • RELX

    -1.1900

    35.42

    -3.36%

  • VOD

    -0.3600

    15.78

    -2.28%

  • BP

    1.0000

    45.22

    +2.21%

'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.

J.Alaqanone--DT