In June, the automaker suggested Hutto buy
its potential gigafactory tract outright, at a cost of $ 10 million to $ 20 million — without any promise to put the plant there.
Given Tesla Motors Inc's (NASDAQ: TSLA)
potential positive catalysts, including the January 4 launch of
Gigafactory, a
potential Model 3 launch in the summer of 2017 and depressed sentiment on the name, Pacific Crest's Brad Erickson is «warming to the name.»