Tesla details $1 billion costs for new Texas factory, targets year-end completion
The Hindu
The company is expected to receive nearly $65 million in local tax rebates for the factory, which Tesla said will create some 10,000 jobs, most of them low skilled.
Tesla Inc is planning to spend more than $1 billion on its new vehicle factory in Austin, Texas, and plans to complete construction by the end of this year, public filings with a Texas state agency showed.
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Filings submitted to the Texas Department of Licensing and Regulation (TDLR) on Friday outlined Tesla's spending on various manufacturing capabilities at its Austin factory. The company said it plans to complete construction of its general assembly, paint, casting, stamping and body shop facilities by Dec. 31.
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