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I've never heard of anyone having that error, 8nless you're trying to cd to a directory that doesn't exist. But, just in case, download the tarball, extract it to somewhere in your home directory,...

Then don't untar it into /usr/local/src, untar it to ~/src or something (you'll obviously gonna have to create the directory. Or first copy it to /usr/local/src, cd to /usr/local/src untar it there,...