Tesla confirms it's building new Cybertruck factory in Austin, Texas - Business Insider

The Texas State Capitol is seen from the Congress Ave bridge. The city has attracted thousands of high-tech firms over the recent decades.Tulsa, Austin, and other cities had fiercely competed in recent months to win the $1 billion investment. Visit Business Insider's homepage for more storiesIt's official — Tesla's fourth car factory, its second in the United States, will be in Austin, Texas.following a fierce bidding process that also involved Tulsa, Oklahoma and others.

What is currently a concrete plant on a rural swath of land in the city's southeast quadrant airport will soon be home to a 5 million square foot plant for Tesla's Cybertruck, its Semi truck, as well as Model 3 and Y. The company says it hopes to hire up to 5,000 workers at a starting wage of $15 an hour for many of the low-skill manufacturing roles.

But the decision wasn't without controversy, as with most tasks undertaken by Tesla and Musk. At a series of public meetings, citizens turned out in force to remind county commissioners of past legal issues the company's had with regards to labor relations, worker safety, unions, and environmental impact.

If you're smarter than a 5th grader, you wouldn't move to TExas. You would move all your money to an offshore account, establish headquarters in a strong currency country, and then use Asian labor and sell it to America for a higher price. Cheaper taxes/moving is old fashion.

keep your potable water weird, austin

It’s not in Austin. It’s east of Austin. They are not within city limits. Please correct this error.

I'm glad Tesla is coming to Texas, but I heard the other location being considered was Tulsa, OK. You have to admit 'Tesla Tulsa' has a nice ring to it! 😁

Why didn’t they pick california, the liberal utopia?

Congratulations Governor... GavinNewsom That’s what we need now... push business out of state... that should help you address the huge hole you have in the budget 🤔

“Travis County and a local school district's deal for more than $65 million in tax rebates over 10 years won over the electric-car maker.” A LOCAL SCHOOL DISTRICT. Where do y’all think Texas lawmakers will make those cuts now that they’ve drained their budget?

oh it’s lit

Texas has more truck owners than any other state in the nation. It's about the optics and the taxes.

More liberals to texas😅

Is this where my Cybertruck will be built? 💰😎😁

well lookie there GavinNewsom tesla

Elon will need to make a king ranch glammed up 100k edition for the high rollers to make the cherry on top.

Would like to see how many millions of public money did the state and city throw at this millionaire to sponsor the location. Let's see the contract.

I’m moving to Austin

Hipster capital of the USA

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No one cares.
Source: BusinessInsider - 🏆 729. / 51 Read more »

California just surpassed New York with the most confirmed coronavirus cases in the US - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If everyone follows the rules we can control this thing and then beat it.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's best investing stories of the week ended July 21 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The future of Tesla's $200 billion winning streak hinges on this week's earnings report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Elon most likely has something up his sleeve. Not true. Stocks don’t react long term to short term swings in free cash flow growth.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tesla earnings Q2 preview: Analyst commentary leading up to the report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Photos of Tesla Gigafactory construction in Berlin, Germany - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »