Tesla’s new $ 1B ‘Gigafactory’ to open near Austin, and Musk to call it an ‘eco-paradise’



Tesla CEO and controversial billionaire Elon Musk announced that his company has chosen southeast Travis County for its new “Gigafactory” that promises to hire thousands of workers and generate more than $ 1 billion in capital investments.

Musk said during a recent earnings call that the factory will be located minutes from downtown Austin and will be open to the public, CNBC reported. Located on more than 2,000 acres near the Colorado River, Musk said the site will be an “ecological paradise” with a boardwalk, hiking and biking trails.


Governor Greg Abbott said in a statement that the electric vehicle manufacturing plant will create at least 5,000 new jobs.

“Tesla is one of the most exciting and innovative companies in the world, and we are proud to welcome its team to the State of Texas,” Abbott said in the statement. “Tesla’s Gigafactory Texas will maintain the strongest Texas economy in the nation and create thousands of jobs for working Texans. I look forward to the tremendous benefits that Tesla’s investment will bring to Central Texas and the entire state.”



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The company’s Cybertruck, Semi, Model 3 and Model Y vehicles will be built on-site, according to CNBC.

The ad garnered a lot of support online with many Texans welcoming Musk to Lone Star State, including Republican Senator Ted Cruz:

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