Texas Offers More Bait to Attract Tesla Cybertruck Factory

Tesla is scouting locations for the site of its new Siebertruck Gigafactory, with Texas currently at the forefront.

Lone Star State lawmakers have approved a minimum property tax of $ 14 million over the next 10 years if Tesla selects the site it is looking at near Austin-Bergstrom International Airport in Travis County.

As part of the deal, the electric-car company will need to invest more than $ 1.1 billion in the factory, which is expected to provide with 5,000 jobs.

Tuesday’s offer follows $ 46.6 million in property tax breaks approved by the Del Valle School District Board in early July, with the total tax exemption exceeding $ 60 million.

According to local news outlet Statesman, four in five of Travis County approved the incentive agreement in a vote on Tuesday. Commissioner Jeff Trivilin, whose district includes the area where the factory can be built, clarified what it would mean for the local community, “We are talking about a transformational project that has been around for generations. Will address poverty and opportunity in that area. “

Although a lot of locals support the idea of ​​Tesla coming to Austin, the Statesman said others have expressed concern about the company’s corporate record on workplace safety and labor relations, and about employees’ pay and conditions Factory must be built for assurance in the. state.

Tesla, led by billionaire entrepreneur Elon Musk, currently has only one vehicle manufacturing plant in the US – in California – with the company starting construction of its futuristic-looking Cybertbrook in a new plant later this year or early next year Wants to

Musk said in March 2020 that Tesla was looking for a site in “Central USA”. The company has already negotiated with officials in Nashville, Tennessee, though Tesla later said the deal ended without a deal. Tulsa, Oklahoma is also in the running to host the factory, but at this stage Austin is clearly in a strong position as Tesla wants to continue its options.

has reached out to the company for comment on the latest trends and we will update this article when we hear back.

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