Elon Musk to invest $ 1.06 billion in Texas Gigafactory
Tesla is gearing up to dominate its electric vehicles in the coming years, and the proof is that it is investing $ 1.06 billion in a Gigafactory in Texas, where it will also produce the Cybertruck electric truck.
According to construction documents from the Texas Department of Regulatory Affairs, Musk is sparing no resources for its new car plant in Austin, Texas, and is aiming to complete several key elements of the complex by December 31st.
The Travis County, Texas plant is a 2,000 acre facility where Tesla will begin manufacturing its electric vehicles in the near future.
Megaproject started in September 2020 with the construction of objects for bodywork, stamping, casting, painting and complete assembly of cars at the plant.
Tesla also has factories in California, Nevada and Shanghai, and is currently building a factory near Berlin to manufacture its models for Europe.
Tesla previously announced to local authorities that it plans to spend $ 1.1 billion on a Texas plant and has received at least $ 14.7 million in tax breaks, CNBC reported.
Tesla said it plans to hire "thousands" of workers at the plant, to which Austin Mayor Steve Adler commented in October that Tesla is "perfect" for the city and region.