Adam Jonas, an analyst of Morgan Stanley, has found six reasons for Tesla to produce its Cybertruck in Texas.
The first lies in the fact Tesla’s Fremont plant in California is at full capacity and, as Elon Musk says, the Cybertruck should be made somewhere else. Besides, having all production in one place brings a logistics burden.
The second reason in favor of Texas is its automotive industry: many car companies are located there, meaning, it would be easier to find skilled workers to hire.
The state is the fourth in terms of car manufacture jobs, and the second largest pickup truck market in the USA.
The third argument is that Texas offers a less prevalent labor union representation.
The fourth reason to choose Texas is its propensity to renewable sources of energy, which is good for such an advanced company as Tesla.
Presence of SpaceX facilities makes this state alike with California – this is the fifth motivation in favor of “Lone Star State”.
Production of electric vehicles at the heart of the U.S. oil and gas industry is the sixth symbolic reason, that might influence the decision to build the Tesla Cybertruck in Texas.
The model will come in three variants: Single Motor Rear-Wheel Drive, Dual Motor All-Wheel Drive, Tri Motor All-Wheel Drive. Prices: $39,900, $49,900, $69,900, respectively.
Before the COVID-19 lockdown, the company planned to begin its production in late 2021, with the tri-motor AWD version to be launched a year later.