Tesla’s in Process to Make $1.1 billion 4-5 Million Square Foot Tesla Terafactory

The Travis County Commissioners Court is meeting June 23 agenda about deliberations to decide if they would provide Tesla with an economic development performance agreement for a new 5 million square foot factory.

Tesla is seeking incentives for the construction of a 4 million- to 5 million-square-foot manufacturing facility on the 2,100-acre Austin Green site straddling the State Highway 130 toll road. Tesla is seeking up to $68 million in property tax abatement from the Texas school district.

Tesla plans to create 5,000 jobs at the plant with an average salary of $47,147 a year.

If approved, Tesla said it will begin construction in the third quarter of 2020.

SOURCES- Biz Journals
Written by Brian Wang, Nextbigfuture.com