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Tesla picks Austin for its next US factory to build Cybertruck, Semi truck, Model Y:
Tesla has picked a site near Austin for its next U.S. factory, a 4- to 5-million square foot $1.1 billion plant that will assemble the automaker's futuristic Cybertruck, the Tesla Semi and the Model Y and Model 3 for sales to customers on the East Coast.
[...] Tesla CEO Elon Musk described the future factory as an "ecological paradise," with a boardwalk and bike lanes and where the public will be welcome. While tours have been offered at Tesla's Fremont, Calif., the campus is not open for the public to wander its grounds.
[...] 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.
[...] 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.
[...] 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.
(Score: -1, Redundant) by Ethanol-fueled on Friday July 24 2020, @12:37AM (2 children)
Fuck Tesla then. Toyota used to be a company liked by all here, even resentfully respected by their critics, until we started seeing the Prius mentality on the highways. I saw a Tesla at the beach the other day. I noticed how it was driving so slowly that people were cutting and cutting in front of it such that the line behind it wasn't shrinking. Then I remembered that these chickenshit lazyfag vehicles can now "drive" themselves, so I cut in front of it and quickly got on my merry way.
(Score: 2) by takyon on Friday July 24 2020, @12:56AM
That level of self-driving will be in all new cars within a decade. Mostly used on the highway.
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(Score: 0) by Anonymous Coward on Friday July 24 2020, @08:36PM
If I drove slower than traffic, I'd get a ticket for impeding traffic.