All articles tagged with #giga texas
Tesla unexpectedly ended a contractor’s contract at Giga Texas, leading to the layoffs of 82 workers, amid ongoing sales decline and previous layoffs at the plant, signaling potential further workforce reductions due to cost-cutting measures and market conditions.
Bank of America analyst John Murphy raised his price target for Tesla from $350 to $400 after visiting the Giga Texas factory, citing confidence in Tesla's growth potential in its core electric vehicle business and future projects like robotaxis and the Optimus humanoid robot. Despite lower delivery figures this year, Tesla's advancements in Full Self-Driving technology and plans for a low-cost EV in 2025 contribute to its positive outlook.
Tesla is offering a special tour of its Giga Texas facility with CEO Elon Musk and Design Chief Franz von Holzhausen to 15 lucky TSLA shareholders. The tour will take place on June 12, 2024, a day before the 2024 Annual Stockholders’ Meeting. Shareholders must vote their shares and submit proof of ownership and voting by June 7, 2024, to be eligible for the random drawing.
A video of the Tesla Cybertruck's crash safety test has surfaced on Twitter, showing the vehicle's performance in full frontal, side impact, and rollover tests conducted at the Giga Texas Tesla Crash Lab. While the cabin of the Cybertruck sustained minimal damage in the frontal crash test, it received criticism for occupant safety. However, the truck performed well in the side impact and rollover tests due to its stainless steel body and low center of gravity. The Cybertruck has not yet undergone NHTSA crash tests, so specific safety ratings are not available.
Tesla is conducting rain testing on the Cybertruck at its Giga Texas factory using a specially designed container-like chamber. The test ensures the vehicle's ability to resist water ingress during heavy rain or off-road situations. Additionally, a video shows the Cybertruck performing an impressive 360° turn, showcasing its 4-wheel steering feature. Tesla is currently scaling up production of the Cybertruck at Giga Texas, with a large number of underbody castings and door panels spotted at the factory. Elon Musk has mentioned that it may take 12-18 months to scale production to a significant level.
Two finished Tesla Cybertruck units were spotted loaded on a car hauler in the parking lot of Gigafactory Texas. The purpose of these pickups is unknown, but possibilities include media review units, evaluation in Fremont, or real-world testing in different regions. It is also speculated that these could be finished products intended for delivery, indicating that Tesla has started low-volume assembly. Tesla's Cybertruck is still undergoing calibration and testing procedures, with initial production set to begin later this year.
Tesla is ramping up hiring for Cybertruck manufacturing at Giga Texas, with over 70 job openings specifically related to the all-electric pickup truck. This suggests that Tesla may be close to starting initial production of the highly-anticipated vehicle. The Cybertruck's unique design and stainless steel frame have made it one of the most highly anticipated all-electric vehicles, with Tesla executives suggesting it could become the company's magnum opus.