Everything's bigger in Texas, they say. That applies to Tesla ($TSLA), now, too.
On the Web
AUSTIN, Texas (AP) — Tesla picks Austin, Texas area as the site for its largest auto assembly plant employing at least 5,000 workers.
— J.R. Reed (@JRReed) July 22, 2020
Big Picture
- Tesla is heading to Texas as it gets plans off the ground to build its Cybertruck, which it show cased in a fairly memorable press conference for Elon Musk.
- Already, according to data tracked by Thinknum, Musk & Co. are well on their way - recently, Tesla job postings hit an 18-month high, adding dozens of postings before the new production facility has even launched.
- Recent drone video suggests Tesla has broken ground in Austin, where it will host the new factory.
Get Ahead
Tesla just reported earnings, and hasn't yet set its next and final quarterly announcement to take place in 2020. However, its Investor Day will be held September 22, 2020, according to its website calendar.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales, and app ratings - and creates data sets that measure factors like hiring, revenue, and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
