Tesla to build its next Gigafactory in Texas

0
SHANGHAI, Jan. 7, 2019 (Xinhua) -- Tesla CEO Elon Musk speaks at the groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, east China, Jan. 7, 2019. U.S. electric carmaker Tesla Inc. on Monday broke ground on its Shanghai factory, becoming the first to benefit from a new policy allowing foreign carmakers to set up wholly-owned subsidiaries in China. The new plant, Tesla's first outside the United States, is located in Lingang Area, a high-end manufacturing park in the southeast harbor of Shanghai. It is designed with an annual capacity of 500,000 electric cars. Tesla signed the agreement with the Shanghai municipal government in July 2018 to build the factory. In October, the company was approved to use an 864,885-square-meter tract of land in Lingang for its Shanghai plant. (Xinhua/Ding Ting/IANS)

Tesla CEO Elon Musk has announced that the electric car maker will build its new Gigafactory near Austin, Texas.

The new factory will produce the Cybertruck, along with the Tesla Semi, Model Y, and Model 3 for customers in the Eastern US, said Musk during the company’s second-quarter earnings call on Wednesday.
FILE – In this Nov. 21, 2019 file photo, Tesla CEO Elon Musk introduces the Cybertruck at Tesla’s design studio in Hawthorne, Calif. The much-hyped unveil of Tesla’s electric pickup truck went off script Thursday night when supposedly unbreakable window glass shattered twice when hit with a large metal ball. The failed stunt, which ranks high on the list of embarrassing auto industry rollouts, came just after Musk bragged about the strength of “Tesla Armor Glass” on the wedge-shaped “Cybertruck.” (AP Photo/Ringo H.W. Chiu, File)

Tesla will invest $1.1 billion in the new factory within the first five years.

In exchange, Travis County will rebate 70 per cent of the property taxes the company will pay, reports TechCrunch.

The new factory in Texas will be open to the public, and there will be a boardwalk and hiking and biking trails.

Tesla unveils Model Y. (Photo: Twitter/@Tesla)

“We are going to make it a factory that is going to be stunning right on the Colorado River. So we are actually going to have to have a boardwalk over you, hiking, biking trail. It is going to basically be an ecological paradise,” Musk said.

5.) 2018 Tesla Model X
Canadian Price: $125,000 (CAD)

Tesla has promised Texas officials it will employ at least 5,000 people and about 25 of those workers are categorised as “qualifying” jobs and would be paid a minimum of $74,050.

It will be the company’s fourth U.S. factory, along with its vehicle assembly plant in California, a solar facility in New York, and a battery plant in Nevada. Tesla also builds vehicles near Shanghai, China, and is building a new factory near Berlin.

LEAVE A REPLY

Please enter your comment!
Please enter your name here