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Tesla plans to build electric Cybertruck Gigafactory in central U.S.

Author : Saipriya Iyer | Published Date : 2020-03-12 

Elon Musk, Tesla’s Co-founder and Chief Executive Officer, has reportedly been scouting locations in the central United States to build a new electric vehicle plant. The company’s new Gigafactory factory will build its Cybertruck and the Model Y crossover, somewhere in the central USA, most likely in Nashville, Tennessee, state sources with knowledge of the matter.

Cybertruck, which is to be the company’s 1st electric pickup, will be produced in 3 versions, with the topmost model able to go over 500 miles on a single charge. Tesla has already started the production of the Model Y crossover at its Fremont factory in California in January 2020 and plans to deliver the 1st vehicle by March end. The electric Cybertruck is slated for delivery starting 2021.

Taking into consideration the central USA’s position as the most lucrative region for various EV companies, Tesla is currently negotiating with officials for the factory construction in Nashville, Tennessee. The region has become a popular destination for EV production among various companies. For instance, Volkswagen is currently focusing on building EVs for the U.S. market through an $800 million expansion of its assembly plant in Chattanooga.

Tesla’s CEO has listed several factors that impact the plan of constructing an EV factory, which include incentives, high logistics costs, as well as a multi-talented workforce. The company has previously received an incentive package of $1.3 billion from Nevada state to build a battery factory in the region. Tesla is also working on increasing Tesla’s battery capacity to successfully deliver high-capacity models such as Cybertruck.

Sources familiar with the matter stated that while Musk hasn’t specified in which state the Gigafactory will be constructed, he is eyeing right-to work states such as Texas. The region offers one of the largest incentive programs in the nation, and cash grants to various companies to lure development projects. Musk also solicited the opinion of EV users about the construction of new Gigafactory in Texas, U.S.

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About Author

Saipriya Iyer

Saipriya Iyer

Saipriya Iyer presently works as a content developer for fractovia.org. Having dabbled with the domain of content creation for nearly half a decade, she now boasts of an enviable portfolio, holding substantial experience in penning down pieces related to technology, finance, and a wide spectrum of other industry verticals. A qualified computer engineering graduate from the University of Pune, Saipriya can often be found leveraging her knowledge of software technology and electronics in her write-ups. She can be contacted at- [email protected] | https://twitter.com/saipriya_i

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