While we all patiently wait for Tesla chief executive officer to advertise the location of its next vehicle from the factory of production, I am almost sure that Texas has been confirmed that the spot. After seeing some reports, I dug a little deeper and found that the State of Texas had some of the folders, including the purchase price agreements, on a plot of land just outside of Austin.
However, when I reported the news, Elon has responded and told us Teslarati that the company has the option to buy the land, but they had not obtained a purchase contract and exercised its right to purchase the property.
I have to admit, I was pretty shocked. I have followed the situation closely for months, and it is pretty obvious that Texas certainly has the most benefits. Not to mention, Elon seems to be leaning toward it. It is spoken in Texas for the month of January, we have already spoken of the distinct benefits to the state holds more than any other location.
However, Musk has not been done here. He then added that Tesla was looking at several places. I am assuming Tulsa, Oklahoma, is also in the mix considering that has been a place that is very open to the taking of its oil, roots, and bargaining for a new electrification infrastructure that will create a chain of sustainable transport to the production lines in the state.
However, it really is evident that Tesla might be having some doubts about the Lone Star State…or are they?
First of all, we will look into the details of the plot in question is in Texas. It is of 2 100 hectares, its 5.2 million dollars, and it is really perfect for what Tesla wanted. We know that the new plant is set to be the biggest, but because both Zachary Kirkhorn and Elon said that they will begin to call the plants “Tera” instead of “Giga.”
To put the size of the earth in perspective, Fremont is located on 370 hectares, Giga Shanghai on 210 hectares, and Giga Berlin on 740 acres. This means that the prospective Texas parcel of land is nearly three times bigger than Giga Berlin, which is the factory that will produce cars Tesla for the whole of Europe, and it is all going to be used to create the Cybertruck and the Model Y.
We know that the demand for the Cybertruck is huge. The pre-order, the number is not officially known to the public. Still, there are some indications that Tesla is getting nearly three-quarters of a million bookings for the truck and its tough, rugged exterior.
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We know that Tesla wants to build the plant in the center of the country. That could mean anything, North Dakota, Texas, literally, and it could go a little to the West of the Colorado, and slightly to the East of the Missouri. It is this which is the source of confusion.
Now that there are apparently several places” in the mix, the real question is: Why the Texas case taking so long? Is Tesla looking to negotiate an even lower price? I decided to dig a little deeper.
According to the Texas A&M University, “Texas Rural Land Prices” to the page, where the college has the price of the land from Q4 1971 until Q1 2020, the most recent of the cost of an acre of property to the state is $2,986. The prospective of the plot of land where Tesla may build its next plant is 2 to 100 hectares. If the value of the property, according to these statistics, is $6,270,600. Depending on the application that Tesla and the State of Texas, the price of the land that was agreed to is $5,298,275, giving the company a nearly $1 million of discount. This is a 16% discount, according to my handy, dandy calculator.
Texas has also announced its intention to give the automaker a sweet incentive to the tune of $ 68 million, according to reports. It’s a lot of scratch, and it could certainly help with the purchase price, the labor costs of the construction of the building, and more.
It is just difficult to say why the operation takes a certain time. The Cybertruck Double and Tri-Motor variants will be produced at the end of 2021, and with Tesla’s track record with the Model There in the US and the Model 3 in China, they will be constructed well before. That would give Tesla, if the company has started the construction in July, 18 months to complete the Cybertruck part of the plant. Fremont could handle the Model Y in production until the new factory Phase 2 is complete.
Personally, I’m curious to see where the factory ends, and I really, really believe that Texas is the place where the plant will be at the end.
Where do you think that the plant will be when its all said and done? And why do you think that Tesla is kind of dragging its feet through the buying process?