Tesla CEO Elon Musk announced a record-setting second quarter during an earnings call broadcasted from the Giga Texas construction site in Southeast Travis County on Monday.
The electric carmaker reported more than $1 billion in quarterly net income and the production of more than 200,000 vehicles for the first time despite challenges such as a global semiconductor shortage.
"It … seems that public sentiment towards electric vehicles is at an inflection point, and at this point, I think, almost everyone agrees electric vehicles are the only way forward," Musk said.
Exterior shots taken just a while ago of Giga Texas (while @elonmusk is reportedly at the Gigafactory!) during today's earnings call!
Hope @peterdog15 got to catch the technoking in his video! #fastestinhistory#Teslapic.twitter.com/WqeDlb5wU3
— Austin Tesla Club (@AustinTeslaClub) July 26, 2021
Despite rising consumer demand and adequate factory capacity, Tesla faces what Musk described as a "quite serious" global semiconductor shortage, which will determine the company's growth rate for the rest of the year.
With increased revenue and production, Tesla is investing in new factories, Chief Financial Officer Zachary Kirkhorn said. These include Giga Texas, the $1.1 billion manufacturing plant that broke ground last summer and is slated to open later this year.
The Giga Texas factory in Southeast Travis County has rapidly increased in size since ground broke last August. (Tesla)
Musk commended the construction team for "incredible progress," transforming what was basically a vacant site into "a mostly complete large factory a year later."
I was at Giga Texas yesterday. Team is making excellent progress. Building will be almost a mile long when complete.
— Elon Musk (@elonmusk) July 25, 2021
Giga Texas will produce the highly anticipated Cybertruck, along with other models, but Musk said scaling its production will be difficult, especially given the supply chain delays caused by the pandemic. "It's going to move as fast as the slowest of its up to 10,000 unique parts," he said.
In other news, Musk said Monday's earnings call would likely be his last regular appearance, only jumping on future quarterly calls when big announcements warrant it.
Tesla Solar recently made news when it announced plans to build the nation's most sustainable residential community in Southeast Austin earlier this month. The newly built homes will feature Tesla solar roof tiles and Powerwall battery storage as well as electric vehicle charging stations.
- How Elon Musk has spent the last 10 days since turning 50 - austonia ›
- Tesla's Elon Musk says Austin factory could hire 10k jobs - austonia ›
- Elon Musk announces Austin Gigafactory will open in 2021 - austonia ›
- Austin ranks in top cities for electric vehicles - austonia ›
- Need a hand? Tesla to create humanoid 'Tesla Bot' to help with mundane daily tasks - austonia ›
- Elon Musk files to sell Texas electricity - austonia ›
- Telsa obtains patent to use lasers as windshield wipers - austonia ›
- Elon Musk is once again the richest person in the world - austonia ›
- Tesla HQ looking more likely to follow Elon Musk to Austin - austonia ›
- Tesla hits $1 trillion market cap, makes biggest electric car sale to date - austonia ›
- Chem-Energy to build Texas solar and battery plants - austonia ›
- Tesla Cybertruck spotted on Fremont test track - austonia ›
- Elon Musk named Time's Person of the Year - austonia ›
- '$10B investment': Tesla slated to become the largest private-sector employer in Austin - austonia ›
- Tesla 2021 year in review for austin - austonia ›
Austin-Travis County EMS responded to a major car wreck involving multiple vehicles and a semi-truck along I-35 Wednesday morning.
The crash occurred at 12100 North I-35 going south, according to ATCEMS, with a total of 12 people involved, including one minor. Four were transported to the hospital with three declared trauma alerts. Another four people refused EMS transport.
None of the transports are expected to have life-threatening injuries.
Major Traffic Collision at 12100 N Ih 35 Sb (08:26). #ATCEMS & @Austinfireinfo are on scene of a collision involving multiple vehicles & a semi truck. #ATCEMSMedics reporting 12 total patients w/ 5 needing transport, 2 have been declared Trauma Alerts. More info to follow. pic.twitter.com/voKNcLbTDW
— ATCEMS (@ATCEMS) June 29, 2022
At 9 a.m., I-35 was blocked off from Yager Lane to Braker Lane.
- EMS responds to seven-car crash with 18-wheeler in Manor - austonia ›
- State Highway 130 reached all-time high traffic in 2021 - austonia ›
- TxDOT to reshape I-35 and remove upper deck near downtown ... ›
- Proposals for I-35 revamp address Riverside, frontage roads ... ›
- Community members stand opposed to I-35 expansion - austonia ›
Enjoy live music all weekend long and check out the hotels’ state-of-the-art amenities between sets. Make a splash in the pool, enjoy outdoor fire pits, or challenge your friends in a yard game while enjoying a weekend full of live music! Did we mention the package includes deluxe accommodations and a bucket of beer? Oh, and if you needed more convincing, this pet-friendly hotel means the whole family can join in on the fun.
Explore any of the Court Hotels by Valencia Hotel Group for a memorable escape. Each property offers a unique experience remnant of yesteryear but with all of the modern amenities that make for a fun and comfortable stay. With acres of landscaped courtyards, relax and unwind in an outdoor environment perfect for doing everything or absolutely nothing at all. With locations in Austin, College Station, Irving, and Lubbock your urban retreat has never been so close.
Locals and travelers alike are invited to enjoy the deep roots of Texas music all summer long with a robust lineup of live performances. From the banks of the San Antonio Riverwalk to Irving’s manicured streets, Valencia’s hotels are a place to gather and reconnect, offering uniquely Texan settings for the weekly performances.
“We’re proud of the community we’ve fostered among Texas musicians and the many rising stars who perform at our properties,” says Amy Trench, corporate director of brand marketing & PR for Valencia Hotel Group.
With unique programming at each of Valencia’s properties, there’s something for everyone to enjoy all summer long.
If you’re a Valencia Hotel Group Rewards member, the perks are plentiful. Enjoy up to 10% off the Best Available Rate, and for a limited time, members can save up to 15% off a stay of 2 nights or more, for select stays in 2022.
But that’s really just the beginning. At select locations, you can enjoy discounts on weeknight stays, a complimentary third night, or curated packages for a romantic getaway or a night of watching the Verde at Q2 Stadium. You’ll also find special rates for AAA and AARP Members, educators, and front-line heroes including military, law enforcement, fire, and rescue workers.