Tesla will build its next Gigafactory near Austin, Texas

Tesla will build its newest Gigafactory in Austin, Texas, Chief Executive Elon Musk announced during the company's earnings call on Wednesday.

The area takes up about 2,000 acres and will be roughly 15 minutes from downtown Austin, Musk said. He said the factory will be an "ecological paradise" and that it will be open to the public.

Musk also added that Tesla will continue to grow in California,w here it will build the Tesla Model S and the Model X for global deliveries and the Tesla Model 3 and Tesla Model Y for North America.