Tesla Is Welcomed In Texas As Some Taxes Incentives Are Approved

• Tesla is only a step or two away from building Giga Texas.

• Both the Cybertruck and the Model Y will be assembled here.

Tesla is almost done shopping for the location of its next factory. With a local school district approving a tax incentive, all that remains is the next level of local government do act accordingly before Tesla can break ground near Austin, Texas.

Although these negotiations may seem complex, the fact of the matter is that the local layers of government are negotiating tax breaks that they would otherwise not receive if a business does not set up shop in the area. They are in fact no losing anything, only putting off revenue. For the Del Valle Independent School District in Travis County, as reported by electrek, they’ve agreed to a $50 million tax relief for the next ten years.

Tulsa, Oklahoma, was and may still be in the running however it seems likely that Travis County has taken the lead. Tesla also had an option on a 2,100 acres plot of land near Austin recently. The Tesla Cybertruck Gigafactory, or what is also codenamed the Colorado River Project, will be equipped to build the Cybertruck as well as the popular Model Y SUV.