Tesla has already aquired the land for its next car plant in Austin Texas. It will most likely build the cybertruck but is said to include a model Y assembly line as well.
"Tesla acquires $5 million worth of land outside Austin to build new factory"
"Electrek has learned that they have already started that process of relocation and Tesla’s construction team is already getting ready to build on at this location, which is near the Austin airport.The construction of the new Tesla factory is set to commence in Q3 of 2020 pending all approvals."
With the ammended contract with Panasonic it is obvious that battery manufacturing capacity at Gigafactory in Nevada will soon be expanded. If the demand for the cars is not as expected they can sell huge amounts of batteries in the form of megapacks. I am sure the market for these is big enough.
ORE Price at posting:
$2.41 Sentiment: Buy Disclosure: Held
