Elon Musk predicts Austin, Texas, will be ‘the biggest boomtown that America has seen in 50 years’

The CEO said Tesla chose Austin as the spot for the carmaker’s next US plant because “Austin is a bit like mini California.” According to Musk, he asked Tesla’s team in California what its top choice would be for a new factory — where it would like to spend time — and the “No. 1 choice was Austin.”