- First Name
- Feb 19, 2020
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- Rockville, Maryland
- 2019 Model 3
Hmmm...interesting: the Texas factory will have only 5,000 employees to produce the Y, the cybertruck and the semi. In Berlin, they will have 10,000 employees to produce only the Y. How do you figure?It‘s very exciting to have two announcements regarding the Cybertruck in one week (stainless steel recipe shakeup and the factory location). We have been clamoring for any official news regarding our trucks and it’s been slim pickings lately.
I think all of the members on here saw this announcement coming. TX had the incentives, workforce, weather and is a desirable place to live.
Curious how far the building contractor will be along by December 31st of this year. I am sure this will foster competition between the Austin Gigafactory 5 and Berlin Gigafactory 4. Here’s a brief summary of the Berlin factory;
Tesla Gigafactory 4 (aka Tesla Giga Berlin) at brief:
- located in the Berlin-area (in Grünheide, Brandenburg, Germany), near the new airport
- to produce Model 3/Y starting in 2021 with the Model Y
- will produce also batteries (for sure modules/packs) and powertrains
- expected volume of 500,000 annually (unofficial target), initially 150,000
- expected investment of €4 billion (unofficial). Austin factory will cost $1.1 billion.
- expected 10,000 jobs (unofficial). Austin will employ 5,000.
Austin has a great university with a great engineering school. Even John B. Goodenough resides there.
After listening to the 2nd quarter comments earlier there were multiple occasions where Musk and others were begging for the best engineers.
I hope young engineers nationwide take notice!
Yeeeeesssssssssssssssssss!!!!! Sweet Victory for Texas!Gigafactory Texas
Gigafactory Texas is official! Tesla's Q2 earnings call has just kicked off and Elon Musk has just announced that the next gigafactory will be just outside Austin, Texas.
"It's basically going to be an ecological paradise" that's open to the public, he says.
The [Gigafactory] location is five minutes from Austin International National Airport and 15 minutes from Downtown Austin. It’s about 2,000 acres.”
Gigafactory Texas will produce the Cybertruck and Semi for worldwide distribution, as well as the Model 3 and Y for the Eastern U.S. Construction of the new factory has already begun this past weekend.
The factory will encompass 4 to 5-million square footprint at a cost of $1.1 billion.
Musk thanked Tulsa and Oklahoma and noted on the call that he and the team were “super impressed” by the state and would consider it for a future site.
Tesla has promised Texas officials it will employ at least 5,000 people. About 25 of those workers are categorized as “qualifying” jobs and would be paid a minimum of $74,050, while the remaining would be middle income jobs with an annual salary of $47,147.
The Del Valle School District was the first to approve incentives for Tesla in a property tax abatement package worth $46.6 million. Commissioners in Travis County followed the district’s lead. The county approved July 14 property tax breaks worth at least $14.7 million — and potentially more — over 10 years.
Under terms of the agreement with Travis County, Tesla must invest $1.1 billion in the new factory within the first five years. In exchange, Travis County will rebate 70% of the property taxes Tesla will pay. Once Tesla’s investment in the factory eclipses that $1.1 billion mark, the property taxes rebates will increase to 75%. Any investments in the factory beyond $2 billion, will give Tesla 80% in property tax rebates.
Travis County has estimated that a $1.1 billion investment by Tesla would generated $8.8 million in new tax revenue over a 10-year period, a figure that takes into account the property tax rebates.
If Tesla fails to hit the investment goal or if its falls 75% short of its jobs requirement in any year, the company won’t receive any property tax relief. The county will also have the ability to recoup tax rebates if Tesla breaches its contract.
Together, Tesla will receive at least $61 million in property tax abatement. It’s possible that Tesla could receive more from the state.
New Compact Vehicle
Musk also said that a new compact vehicle is expected to join the lineup in the future.
"Reasonable to assume we will make a compact vehicle and a high capacity vehicle. A long way to go with 3, Y, CyberTruck, Semi." said Musk on the call.
we all knew it was a Texas.
About time they announced it. Now start some construction already. Like tomorrow.
Ohhh... but the operating costs start increasing dramatically right about that mileage. Injectors, turbos, starters, fuel pumps all begin to fail right about then. I had to let my last Ford go simply because of operating cost, I couldn’t afford to keep that truck any longer.Only 200k on a 350? That's not even broken in!
Texas may fast-track a bill allowing Tesla to sell cars in the state since they are building a factory and providing thousands of jobs during construction and at the factory after it is built, not including the thousands of ancillary jobs that will come from suppliers, food industry, etc.Texas has not been kind to Tesla at all, both in refusing to allow direct sales in the state, and also threatening the ban of Tesla Service Centers via the language in a proposed bill early last year. Fortunately, that did not become Texas law. So the parallel here is that Tesla Cybertrucks will be made in Texas, but you won't be able to 'buy' them at a Tesla store in Texas? and will have to get them via 'online purchase' For Texans, test drives prior to purchase would have to be done in another state? I