'Giga Texas?' Musk asks Twitter users to vote on new gigafactory


  • Twitter
  • Wednesday, 05 Feb 2020

'Giga Texas?' Musk asked Twitter users. Tesla currently has two gigafactories in the United States and one in Shanghai, China. — Reuters

Elon Musk, the billionaire chief executive officer of Tesla Inc, went on Twitter to ask users if the electric carmaker should build a new gigafactory in Texas.

"Giga Texas?" Musk tweeted, giving two options – "hell yeah" and "nope". The poll garnered over 102,000 responses as of 11:15pm PT Feb 4 (3:15pm Malaysia, Feb 5), with about 80% voting in favour of the new gigafactory.

Tesla currently has two gigafactories in the United States and one in Shanghai, China. The carmaker in November announced plans to build its first European factory and design centre near Berlin.

During an earnings conference call last week, Musk said that Tesla needs to increase its battery capacity to produce high-capacity models like Cybertruck.

"We've got to scale battery production to crazy levels that people cannot even fathom today. That's the real problem," he said.

Tesla shares have been on a tear recently, more than doubling the company's market value since the start of the year as more investors bet on Musk's vision. The stock, which closed up 14% on Feb 4 at US$887.06 (RM3,657.54), has surged nearly 400% since early June.

The latest bump was partly fueled by a quarterly profit at Japanese battery maker Panasonic Corp's battery business with the US car maker.

Tesla did not immediately respond to a request for comment on Musk's Texas gigafactory tweet. – Reuters

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