Elon Musk has issued a poll on Twitter asking followers if they want to see a new gigafactory built in Texas. While he didn’t expand much in the post, it has gained over 139,000 votes in the first four hours with almost a full day left to go. At the time of writing, “Hell yeah” responses are beating “Nope” responses 79.3% to 20.7%.
Now that the Chinese-based Gigafactory 3 has been built and Gigafactory 4 construction is underway in Germany, Musk is trying to find the next location for a new gigafactory. The firm also has Gigafactory 1 and Gigafactory 2 based in Storey County, Nevada, U.S., and Buffalo, New York, U.S. respectively.
Giga Texas?— Elon Musk (@elonmusk) February 5, 2020
At an earnings call last week, Elon Musk outlined the vital need to ramp up battery capacity to produce high-capacity models such as the Cybertruck. Commenting on the matter he said:
“We’ve got to scale battery production to crazy levels that people cannot even fathom today. That’s the real problem.”
Throughout Monday and Tuesday, Tesla had been enjoying a rise in share price with prices going from $650 to $960 before tapering off slightly towards the end of trading on Tuesday. It’s unclear what effect Musk’s tweet will have the price going into Wednesday but in pre-market trading, the price was down 1.7% on yesterday’s close price.