Tesla is preparing to invest further 1 billion dollars for its new factory in Austin, Texas. The construction operations of the new US plant of the Palo Alto brand should be completed by the end of the year: in particular, the construction of the assembly, painting, casting, molding and bodywork structures will be completed by that date. Altogether, these five divisions of Tesla’s new Texas factory will cover about 400 square meters, and will be worth $ 1.06 billion.
Issuing the documents with these figures was the Texas Department of Licensing and Regulation, which regulates and licenses a wide range of businesses, facilities and equipment. Tesla’s new Austin factory is expected to host the production of the new Model Y electric SUV, initially to a limited extent and starting next year in large volumes. According to reports from Reuters, the company led by Elon Musk will receive about 65 million dollars in local tax breaks for the construction of the factory: overall, they will be created 10,000 jobs, most of them low-skilled. We remind you that Tesla will move its headquarters, currently in California, to Austin. Meanwhile, Elon Musk continues to battle to appear in the eyes of the Biden administration, which continues to ignore Tesla when it comes to electric cars and the future of the United States: “Let’s see if I can get him to say the name Tesla”, wrote Musk on Twitter.
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