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Tesla Inc (NASDAQ:TSLA) CEO Elon Musk will deliver a talk on Thursday night at the company’s “grand opening party” for Giga Texas, the billionaire entrepreneur confirmed on the microblogging site Twitter.
What Happened: Musk has sent out invites for a Cyber Rodeo party to celebrate the opening of its newest GigaFactory and the start of production.
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The event has a permit for 15,000 people.
— Elon Musk (@elonmusk) April 7, 2022
The world’s richest man Tweeted to say “doors open at 4, festivities at 8,” and said he will deliver opening remarks at around 9 p.m.. Texas follows Central Time.
— Elon Musk (@elonmusk) April 7, 2022
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"Preparing…," said Musk, further teasing the event through a video and photos.
— Elon Musk (@elonmusk) April 7, 2022
See Also: Graphic: How Giga Berlin Stacks Up Against Tesla's Other Factories
Why It Matters: This is Tesla’s second gigafactory coming online in less than a month. The electric vehicle maker’s Giga Berlin was inaugurated last month and is its first factory in Europe.
The two factories are expected to lift capacity significantly for the EV maker which claims it does not have a demand issue but is unable to make enough vehicles
Price Action: Tesla stock closed 4.2% lower at $1,045.76 a share on Wednesday.
Photo: Courtesy of Elon Musk/Twitter
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.