Tesla is about to spend more than $1 billion to build a new factory in Texas

According to public documents submitted to an agency in Texas, Tesla (Tesla Inc.). It plans to spend more than $1 billion on a new car plant in Austin, Texas, and plans to complete it by the end of the year.

Documents filed Friday with the Texas Licensing and Regulatory Authority (TDLR) outline Tesla’s spending on various manufacturing capacity at the Austin plant. The company said it plans to complete the construction of final assembly, painting, casting, stamping and body workshop facilities by December 31.

The total area of the five facilities will be close to 4.3 million square feet and the total cost will be $1.06 billion, according to filings.

Electric car news agency electrek first reported the applications on Monday.

TDLR regulates and licenses a wide range of enterprises, facilities and equipment. The documents submitted by Tesla are based on the agency’s Building Barrier Project, which reviews and examines projects to ensure that they comply with Texas accessibility laws.

The agency did not immediately respond to a request for comment.

Tesla Chief Executive Elon Musk has previously said the company plans to start limited production of the Model Y medium-sized SUV this year and start mass production next year.

The new $1.1 billion plant, located near the airport in the eastern suburbs of Austin, will begin construction in the summer of 2020. The company is expected to receive nearly $65 million in local tax rebates, which Tesla says will create about 10, 000 jobs, most of them low-skilled.

Construction groups can be seen working around the clock in this huge factory, which is expected to be at least 0.75 miles long once completed.

Tesla also said they would move their headquarters from California to Austin, Texas.


Post time: Nov-25-2021