Tesla set an aggressive timetable for its $1.1 billion greenfield assembly plant in Austin, Texas. The electric vehicle maker announced the project only last summer but vows to start production there by the end of this year.
To meet that target, which is part of a plan to quickly launch its Cybertuck, Tesla also must draw suppliers into the Austin area. Supplier plant investments are expected to boom in the region. But so far, few parts companies have declared their intentions.
When asked during a July earnings call about Tesla's ability to stay on plan and expand production, Tesla CEO Elon Musk was philosophical. "Things will move as fast as the slowest part in the entire supply chain," he said, "which goes all the way back to raw materials — lithium and nickel and that kind of thing."
Some suppliers recently have arrived in Tesla's new Texas corridor, although they are not specifying that the secretive Tesla is the reason.