Tesla finished its $1.1 billion Austin-area factory in less than a year and a half – this is how it looks now.

Key Highlights

• According to Dan Ives, a well-known analyst and managing director at Wedbush, Tesla's new Gigafactory in Austin, Texas, is expected to open in the next seven to ten days.
• What's potentially more interesting here, at least for investors, is that the sooner Tesla begins Model Y production, the faster it can ramp up and make a significant impact by 2022.
• Additionally, we've heard that Tesla is planning a large party in Austin similar to the one in Berlin.
• Sawyer Merritt announced in a related tweet that Tesla Owners Club Austin, another group closely monitoring the events at Giga Austin, is planning the largest Tesla owner meetup in history.
• The event, dubbed "Teslacon Texas," will take place in early 2022 as expected and will coincide with the official opening of the Texas Gigafactory.

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According to Dan Ives, a well-known analyst and managing director at Wedbush, Tesla's new Gigafactory in Austin, Texas, is expected to open in the next seven to ten days.He tweeted the related message on January 8, 2022, indicating that Tesla may be even closer to achieving that goal at this point.

What's potentially more interesting here, at least for investors, is that the sooner Tesla begins Model Y production, the faster it can ramp up and make a significant impact by 2022. Bear in mind that the Tesla Cybertruck will follow a successful Model Y production ramp, which means that timing is critical if the first production Cybertrucks are to arrive before the end of the year.

Clearly, Ives and his team have been monitoring Tesla's Giga Texas closely in order to provide investors with details and potential production dates. The fact that paperwork is being processed and the stamping machines appear to have been tested already indicates that production is about to begin.

We just shared another rumour with you, suggesting that Tesla production might begin in Texas at any time. Additionally, we've heard that Tesla is planning a large party in Austin similar to the one in Berlin. Additionally, some have stated that Tesla CEO Elon Musk is about to make a significant announcement.

Sawyer Merritt announced in a related tweet that Tesla Owners Club Austin, another group closely monitoring the events at Giga Austin, is planning the largest Tesla owner meetup in history. The event, dubbed "Teslacon Texas," will take place in early 2022 as expected and will coincide with the official opening of the Texas Gigafactory.

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According to reports last week, certain areas of Giga Austin have already been approved and certified to begin official work, as well as inspected by the country's fire marshal. Tesla has been finishing the necessary paperwork to ensure that the opening process proceeds smoothly.

While Tesla has made no official announcements, there are numerous sources reporting on the factory that appear to have inside information. Additionally, several Tesla enthusiasts in the area have been flying drones around the property, monitoring the situation as it develops.

Nonetheless, Teslarati reports that drone pilot Jeff Roberts recently captured images of equipment entering an area of Giga, Texas that appears to be associated with Cybertruck development.

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