Tesla to open its new car factory in Austin, Texas, with 'Cyber Rodeo' party

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Tesla will mark the opening of its new car factory in Austin, Texas, with an event called "Cyber Rodeo"

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The plant, which Tesla calls Gigafactory Texas, should help the automaker keep pace with a fierce consumer appetite for its vehicles.

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In 2021, Tesla shipped some 936,000 vehicles worldwide from its factories in California and Shanghai

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and new plants in Texas and Germany are expected to greatly increase the carmaker's production capacity.

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Gigafactory Texas will produce Tesla's Model Y compact SUV with a new battery pack that acts as a structural component.

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Tesla also intends to manufacture its long-awaited Cybertruck pickup at the new Texas location, but that model is delayed at least until 2023 and Tesla says it is still in development.

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