(Tesla)

Tesla hosted its Battery Day event in Palo Alto, California, on Tuesday.

Tesla announced that it expects to debut an affordable, autonomous electric vehicle in three years' time during its inaugural Battery Day event.

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Elon Musk is now the third richest man in the world.

Tesla and SpaceX CEO Elon Musk is climbing the ranks of richest people in the world and can now claim the number three spot, which was previously held by Facebook CEO Mark Zuckerberg.

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(Video by Jordan Vonderhaar, Music courtesy of Bensound)

Native and adopted Austinites (those of us who have a few decades here under our belts) like to complain about how newcomers have changed the city, added to traffic woes, ratcheted up the cost of living and brought in shiny hotels and shopping centers.

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The construction of the Boca Chica, Texas SpaceX launch site in 2019.

Elon Musk continues to reach for the stars after deciding to bring Tesla to Austin with his newest endeavor that could bring a SpaceX resort to Texas.

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New Tesla Gigafactory site in Austin, Texas

Developer Doug Launius said he knew 10 years ago that Southeast Austin was a place to invest: it's close to downtown and the airport; the land is relatively affordable; it is served by three major roadways—SH 71, SH 130 and FM 973; and the rolling hills are beautiful.

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New Tesla Gigafactory site in Austin, Texas

(Video by Steven Joyner/Austonia)

Arrive at the site in Southeast Travis County where Tesla just announced it will be building a $1.1 billion Gigafactory, and you'll find 18-wheeler trucks running in and out of the property. See the area from above, and it's a flurry of activity.

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