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New filing shows Tesla plans to build $1.5M dealership in Austin

(Tesla)

Tesla’s Austin presence is becoming even greater as the automaker plans for a nearly 52,000-square-foot showroom in northeast Austin.


A filing with the Texas Department of Licensing and Regulation reveals Tesla will have the dealership at 2323 Ridgepoint Drive, near the intersection of 290 and 183. It’ll serve as Tesla’s fourth Austin showroom once it reaches its expected completion in February next year.

Boyd Watterson Asset Management is listed as the owner of the one story building that will undergo renovations and alterations totaling $1.5 million. Illinois-based Chipman Design Architecture is listed as the design firm.

Tesla’s other Austin showrooms include one at the Domain, another off of Research Boulevard in northwest Austin and at The Yard in South Austin. The site on St. Elmo Road was built just last year with an estimated $2.5 million price tag.

News of the showroom comes shortly after Tesla applied for expansions at its headquarters in southeast Travis County. According to filings, Tesla may build a 500,000-square-foot building for two general assembly lines at Giga Texas.

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With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
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Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.