Over the next 10 years, Tesla will receive more than $60 million in tax breaks from the federal government and a local school district.
Tesla is heading to Texas to build its largest auto assembly plant, CEO Elon Musk announced during the electric car company’s Q2 earnings call on Wednesday. Musk said that work is already underway on building the 2,100-acre site. The factory will be in Travis County, near Austin, and will employ at least 5,000 people with a minimum wage of $15 per hour, according to the Associated Press. Tesla has said it will invest $1.1 billion. Musk described the new gigafactory as “an ecological paradise” on the Colorado River, complete with a boardwalk and a biking and hiking trail. He said the site will be open to the public. The company will use the site to build its new Cybertruck pickup, as well as the Model Y small SUV. Musk said that the company will produce “a lot” of vehicles in the “long term.” On its website, Tesla says Cybertruck production will begin in late 2021.
