It's official — Tesla picks Austin, Texas as the location for its new $1 billion Cybertruck factory (TSLA)

· Tesla will build its newest factory in Austin, Texas, the company said Wednesday. 
· Tulsa, Austin, and other cities had fiercely competed in recent months to win the $1 billion investment. 
· Eventually, the plant will make Tesla's Cybertruck and hire up to 5,000 workers, the company said. 
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