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Photo: Brendan Smialowski/AFP via Getty Images

Tesla CEO Elon Musk said he's "scouting" central U.S. locations for a factory that would build the upcoming Cybertruck, as well as the Model Y crossover for deliveries on the East Coast.

Why it matters: The announcements via Twitter Tuesday night add some clarity to expansion plans for the Silicon Valley electric automaker, which has recently found itself on better financial ground ahead of key product launches.

What we're hearing: A source familiar with the planning says one of the locations being considered for the new factory is Nashville, Tennessee.

  • “Incentives play a role, but so do logistics costs, access to a large workforce with a wide range of talents, and quality of life,” Musk told The Wall Street Journal in an email.
  • Tennessee is a hub of auto manufacturing, with GM, Nissan and Volkswagen — along with many auto suppliers — already operating in the state.

Where it stands: All-wheel-drive versions of the futuristic-looking Cybertruck are slated to begin production in 2021, while the less-expensive rear-wheel-drive model will follow a year later.

  • The Model Y, a small crossover utility, recently began production at Tesla's Fremont, California, factory. Tesla also recently opened a factory in China for the Model 3 and Model Y and is building a plant in Germany, too.
  • "Should Tesla build Model Ys in the new factory, the vehicle will be manufactured in four places — China, Germany and Fremont, California, are the others," CNBC notes.

Quick take: Tesla has likely learned a lot about manufacturing efficiency as it muscled through problems encountered in getting Model 3 up and running in Fremont. They won't make the same mistakes again.

Go deeper

Trump PACs raise over $82M for first half of 2021

Former President Trump during the Conservative Political Action Conference in Dallas, Texas, on July 11. Photo: Brandon Bell/Getty Images

Former President Trump's political action committees (PACs) raised more than $82 million in the first half of 2021, per Federal Election Commission filings published on Saturday.

Why it matters: It's a significant amount for a former president who's been banned from major social media platforms. It demonstrates his ability to raise huge sums of money should he choose to run for the presidency for a third time.

Updated 1 hour ago - Sports

Olympics dashboard

Team USA's Caeleb Dressel celebrates winning gold in the final of the men's 50m freestyle swimming event at the Tokyo 2020 Olympic Gameson Sunday. Photo: Odd Andersen/AFP via Getty Images

🚨: Simone Biles won't compete in Olympic floor finals, individual vault or uneven bars

🏊: U.S. wins gold in men's 4x100-meter medley relay, earning Caeleb Dressel fifth gold — American Bobby Finke wins gold in men's 1,500-meter freestyle

🏊‍♀️: Katie Ledecky wins gold in women's 800m freestyle

🇬🇧: Britain wins gold in new BMX freestyle category and gold in first-ever Olympic mixed 4x100m medley relay

💻: Japan tests teleporting games and "remote cheering"

🏳️‍⚧️: Axios at the Olympics: Games grapple with trans athletesTrans athletes see the Tokyo Games as a watershed moment

Go deeper: Full Axios coverage

Updated 2 hours ago - Sports

U.S. wins gold in men's 4x100-meter medley relay

USA's Ryan Murphy (L) and USA's Caeleb Dressel celebrate winning the final of the men's 4x100m medley relay swimming event during the Tokyo 2020 Olympic Games at the Tokyo Aquatics Centre in Tokyo on Sunday. Photo: Odd Andersen/AFP via Getty Images

Team USA win the gold medal in the men's 4x100-meter medley relay, setting a new world record in the process on Sunday morning local time.

Of note: Caeleb Dressel won his fifth Tokyo Games gold medal during the event— becoming the fifth American to do so after speedskater Eric Heiden and the swimmers Mark Spitz, Matt Biondi and Michael Phelps, who achieved the feat three times.