(Reuters) – Tesla will build its next factory near Austin, Texas, Chief Executive Elon Musk announced late on Wednesday. Billionaire Elon Musk: I am not Warren Buffett’s biggest fan (Photo by Charley Gallay/Getty Images for E3/Entertainment Software Association)The 2,000-acre site on the Colorado River is about 13 minutes from downtown Austin, Musk said during the company’s second-quarter earnings call. Musk said Tesla would consider site runner-up Tulsa, Oklahoma, for future production. Musk and his team met earlier this month with officials in both states, which were competing to land the $1.1 billion plant. “Texas has the best workforce in the nation and we’ve built an economic environment that allows companies like Tesla to innovate and succeed.”

Source: The North Africa Journal July 22, 2020 22:30 UTC