Elon Musk says that Tesla plans to invest over $10 billion in Gigafactory Texas and will eventually employ 20,000 workers.<\/p>\n
Tesla is expected to start Model Y production at Gigafactory Texas in Austin any day now.<\/p>\n
The new factory is critical to Teslas expansion plans in the US.<\/p>\n
Currently, Tesla sells every car it can make in the US, and it has delivery timelines of close to a year out for some of its most popular vehicles.<\/p>\n
All Tesla vehicles currently sold in the US are made at its Fremont factory in California, which can produce about 500,000 electric vehicles per year.<\/p>\n
Gigafactory Texas is expected to more than double this output once its fully ramped up, but thats a few years away.<\/p>\n
The automaker is going to start with Model Y, which is Teslas most popular vehicle, at the new factory.<\/p>\n
Tesla has been guiding a start of production by the end of the year.<\/p>\n
With the imminent start of production in the background, there have been talks about the ~$60 million in incentive that the local government gave Tesla to build the factory in Austin.<\/p>\n
On Twitter, CEO Elon Musk responded by claiming that Tesla plans to invest as much as $10 billion in the factory over time and directly employ over 20,000 people:<\/p>\n
Giga Texas is a $10B+ investment over time, generating at least 20k direct & 100k indirect jobs.<\/p>\n
Recent filings revealed that Tesla was spending $1 billion on the project, but thats just for the phase of the new factory.<\/p>\n
Once Tesla deploys Cybertruck and Tesla Semi production at the factory, the investment is expected to greatly expand.<\/p>\n
Furthermore, the automaker recently officially moved its headquarters at the site, which is expected to expand beyond manufacturing operations over time.<\/p>\n
Tesla had previously mentioned 10,000 employees, but now Musk suggests that Tesla will directly employ as many as 20,000 people. Worldwide, Tesla now has over 100,000 employees.<\/p>\n
Heres the latest drone flyover of the construction project as of yesterday, December 15:<\/p>\n
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