Tesla may build next factory in Austin area, media outlets report

Reports are flying that Tesla Inc. is planning to build a major factory in the Austin area. Electric vehicle news website The Electrek reported May 15 that Tesla (Nasdaq: TSLA) had settled on Austin, "or at least close to the city," for its next major manufacturing facility, based on an unnamed source. Tesla is considering several potential sites in the Austin metro, according to The Electrek. The factory could produce Tesla's electric pickup truck called the Cybertruck as well as as the company's…