Here it comes: Elon Musk says 'stunning' $1.1 billion Tesla Gigafactory will be built in Austin area
The Austin metro will soon be home to a $1.1 billion Gigafactory, Tesla founder and CEO Elon Musk announced during the company's quarterly earnings update on Wednesday.
"We're going to make it a factory that's going to be stunning," he told investors, adding that construction is "already underway."
Both Del Valle ISD and Travis County offered Tesla tax rebates to build the factory in their jurisdictions. In exchange for significant long-term incentives, Tesla agreed to a minimum wage of $15 an hour for all factory employees, including construction workers.
The proposed factory site has been owned for years by the construction supplier Martin Marietta and used for a sand and gravel mining operation.
The finished factory will include a public-access boardwalk along the Colorado River, Musk said. "It's going to basically be an ecological paradise."
On Twitter, Mayor Steve Adler said that the factory will bring an "economic boost" to East Austin, while Gov. Greg Abbott welcomed the company.
Tesla picks Texas for its Cybertruck factory. Thanks to .@elonmusk & .@Tesla for embracing our great state. Th… https://t.co/tKr7tU2piK— Greg Abbott (@Greg Abbott)1595455819.0
Tesla had support for the factory during the months of negotiation that preceded the announcement, but not from everyone.
Residents and union members raised concerns during public hearings about Tesla's track record of worker safety and adherence to incentive agreements.
This story is developing and will be updated.
Want to read more stories like this one? Start every day with a quick look at what's happening in Austin. Sign up for Austonia.com's free daily morning email.
- Elon Musk seeks to fast-track $1.1 billion Tesla factory in Austin ... ›
- Tesla asks Travis County for 20-year property tax rebate deal ... ›
- Travis County offers Tesla incentives for Austin Gigafactory - austonia ›
- Travis County considers deal to bring Tesla to Austin - austonia ›
- Del Valle ISD OKs Tesla tax deal for Austin factory - austonia ›
- Tesla considering buying Austin site for new factory - austonia ›
- Tesla Gigafactory will accelerate growth in southeast Austin - austonia ›
- Tesla's Elon Musk becomes 3rd richest person in the world - austonia ›
- Elon Musk's Neuralink startup is hiring in Austin, Texas - austonia ›
- Tesla files site plan for Austin Gigafactory - austonia ›
- Tesla announces plans for affordable vehicle - austonia ›
- Austin-area electric freight parts manufacturer Hyliion rings the NYSE bell this week after going public - austonia ›
- Elon Musk announces Austin Gigafactory will open in 2021 - austonia ›
- Elon Musk "The Boring Company" tunnel to be built in Austin - austonia ›
- Elon Musk skeptical of positive and negative COVID-19 tests - austonia ›
- Oracle moves headquarters from Silicon Valley to Austin - austonia ›
As Austin's "icepocalypse" melts into the rearview mirror, though day-to-day life has mostly resumed, the city has a long, arduous recovery process ahead. It seems as though no area was immune to the damage inflicted by the historic winter storm.
- It's snowing! Here's what that looks like in Austin - austonia ›
- Photos: Winter storm brings power outages, snow to Austin - austonia ›
- Snow day: power outages, icy roads and school closures - austonia ›
Austin restaurateurs say supporting Black-owned businesses shouldn't be a 'fad' but a year-round effort
After the devastating blow of the pandemic, Emojis Grilled Cheese Bar owner Hope Green saw a surge in sales last summer. The outpouring of community support for Black-owned businesses came in the wake of the killing of George Floyd and nationwide protests against police brutality and racial injustice. But for Emojis the support has been fleeting.
- Restaurant industry on the brink in Austin and nationally - austonia ›
- Austin restaurants and businesses struggle due to COVID-19 ... ›
- Austin black-owned restaurants see support after protests - austonia ›
Scheduled showers, porta potties and hotel stays: Hundreds of Austin apartment complexes still don't have water
The last night Stephanie Landgraf, 25, spent in her apartment, off of Rundberg Lane, was on Valentine's Day. First, her power went off, only to return shortly after the complex lost water. Since then, she's been staying with friends. "There's no end in sight," she told Austonia. "At this point, I'm just angry."
- As reservoirs begin to refill, two zones regain water supply - austonia ›
- Austin faces 'multi-day' water crisis after winter weather - austonia ›
- Water distribution plan continues as Austin Water works to restore ... ›