Your daily dose of Austin
Smartphone image
×
Make your inbox more Austin.
Local news and fun, every day 6am.
tesla gigfactory
(Mike Mareen/Adobe)

The Cybertruck pickup and the Model Y will be produced at the Austin Tesla factory.

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."

As proposed, the factory will be located on a 2,000-acre site in Southeast Travis County. It will provide at least 5,000 jobs and produce the Cybertruck pickup and the Model Y, a midsize SUV.

(Google Maps)

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 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.
 
From Your Site Articles
Related Articles Around the Web

Popular

Will Airbnb's new anti-party system help ease disturbances in Austin's neighborhoods?

(Pexels)

Stephanie Ashworth lived in a neighborhood north of Tarrytown, near W. 35th St. and Balcones Drive the summer of 2013. One of her neighbors wanted to move to a different school district and decided to rent out their home on Airbnb upon leaving.

Keep ReadingShow less
These interiors look like a magazine cover, but eggersmann will create them for your Austin home

Eggersmann usa brings their European design experience to Austin. (eggersmann usa)

You’ve found your dream home. Now it’s time to design your space.

Let eggersmann make your dreams come true. Not only are their products custom-crafted to last a lifetime, but their team of professional designers, installers, and care specialists are there to assist you from the ideation to the implementation of your gorgeous and highly functional space.

A family-owned business, eggersmann offers modern design solutions for every room in your home and they’ve had a hand in the design of many of the most beautiful homes in Texas, including right here in ATX.

A downtown condo. A house on the lake. South Austin style. All are perfect for eggersmann’s design solutions.

If you’re not sure where to begin, eggersmann has plenty of inspiration to get you started.

Keep ReadingShow less