Tesla has submitted an application for $68 million in tax incentives to build an electric vehicle manufacturing facility in Austin, Texas, according to an application with the Texas Comptroller’s office.
Tesla paid $150,000 on May 21 to file the application for land owned by the Del Valle Independent School District in the Austin area. The incentives would save Tesla money on its property tax bill paid to the school district by capping the property value for 10 years.
The plant could create an estimated 5,000 jobs with wages of up to $74,000 per year, according to Tesla’s application with the school district.
Tesla has been searching for a site for a manufacturing facility for its Cybertruck and Model Y production.
Charisse Bodisch, the Austin Chamber of Commerce’s senior vice president of economic development, said the chamber “has engaged in multiple discussions with Tesla,” but the company has not made a final decision about where it wants to put its new factory, according to news outlet KXAN.
Elon Musk, founder and chief executive officer of Tesla, tweeted that the company has the “option” to purchase the land, but Tesla “has not exercised it.”
Asked on Twitter if other possible sites remain in the mix, Musk said the company continues to consider “several options.”
Tulsa, Oklahoma, is another site Musk has mentioned for a new Tesla production facility.
“Tesla will really be missing out if they don’t open up here! Best place in the country,” Oklahoma Secretary of Commerce Sean Kouplen tweeted late Thursday.
Click for more FreightWaves articles by Noi Mahoney.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now