Tesla Inc (NASDAQ:TSLA) is reportedly working on a new project named 'Giga Water Loop', according to a building permit discovered by Electrek. The permit details a project with an Austin Energy electric pole located near a proposed pipe on the northern side of the river. However, no further details about the project have been revealed. Tesla's Gigafactory Texas, where the project is presumably located, is a comprehensive manufacturing site for the Model Y, Cybertruck, battery cells, and cathode materials.