Home / NewTech / Tesla will receive $ 65 million in tax breaks when it builds a Texas cyber truck factory

Tesla will receive $ 65 million in tax breaks when it builds a Texas cyber truck factory



Where will the cybertruck call at home?

Tesla

The battle for Tesla’s second US-based vehicle plant got hot on Monday after Travis County, Texas approved a $ 14.7 million tax break for the electric car maker is building a new factory in the Austin area.

Reuters reports that the Del Valle school district in Austin, in addition to the $ 1

4.7 million, also approved a $ 50 million tax relief that would prevent Tesla from funding local schools. Together, Tesla has nearly $ 65 million in tax breaks on the table should it choose Austin.

It is not clear whether Austin is the front runner for the new facility. Tulsa, Oklahoma, is reportedly a second finalist for the factory, which will primarily assemble it Tesla cyber truck. This new facility is also covered Model Y production for the east coast, according to CEO Elon Musk.

Financial details of a possible website in Oklahoma have not been revealed, which could indicate that Austin is the leading candidate. Tesla did not immediately respond to a request for comment on the selection process. Tulsa has promised numerous small incentives, such as buying a fleet of Cyber ​​trucks as police vehicles. The area even painted his famous Golden Driller statue Musk face and a huge red T. to woo the automaker.

According to the report, the new facility would create 5,000 new jobs and production could start later this year.






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