Tesla today presents its Austin factory project to Travis County to seek approval of an incentive package.
Here you can see the presentation.
Last month, Electrek He exclusively reported that the next Tesla factory will be in Austin.
He plans to move fast in hopes of having a general assembly line for the Model Y in Texas by the end of the year and is already making preparations at a site near Austin.
Last week, we reported that Tesla acquired 2,100-acre land outside of Austin to build the factory.
The automaker presents its plan for the Austin factory to the Travis County Commission to approve a tax refund.
The agreement includes 20 years of tax refund: the first 10 years with an 80% discount and the next 10 years with a 65% discount.
Tesla promises 5,000 direct jobs and 4,000 indirect jobs with an average annual income of more than $ 47,000.
You can see the presentation here (we will upload the video after the presentation ends) and here is the slide show:
The taking of Electrek
I understand that the session is primarily a formality and Tesla is confident that the deal is in progress.
The deal is really similar to the deal Austin gave the Samsung chip factory in the county not too long ago.
Now it’s more about details like transportation and housing for employees and how it’s going to affect the region, which seems to be the biggest concern for local leaders.
In the filing so far, they didn’t seem concerned about the tax breaks, but are still working out some details.
For example, Tesla is talking about buying more land in the region to build affordable housing for its workers at the Austin factory.
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