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IPFS News Link • Texas

Tesla's in Process to Make $1.1 billion 4-5 Million Square Foot Tesla Terafactory

•, by Brian Wang

Tesla is seeking incentives for the construction of a 4 million- to 5 million-square-foot manufacturing facility on the 2,100-acre Austin Green site straddling the State Highway 130 toll road. Tesla is seeking up to $68 million in property tax abatement from the Texas school district.

Tesla plans to create 5,000 jobs at the plant with an average salary of $47,147 a year.

If approved, Tesla said it will begin construction in the third quarter of 2020.