July 14, 2020

$1.1 Billion Tesla Plant in Austin

Travis County in Texas has voted to give Tesla tax breaks worth a minimum of $14.7 million to build its next Gigafactory where they will manufacture the Tesla Cybertruck and employ thousands.

The incentives packages has been approved quickly, illustrating the thirst by local governments to find ways to create new jobs, a point that Tesla is keenly aware of.

Tesla has promised Texas officials it will employ at least 5,000 people. About 25 of those workers are categorized as “qualifying” jobs and would be paid a minimum of $74,050, while the remaining would be middle income jobs with an annual salary of $47,147.

Read more here.

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