Tesla (TSLA 0.33%) is gearing up to announce a new assembly factory in the U.S. which could be located in the state of Texas.
According to the American-Statesman, the green carmaker is currently in discussions with Travis County, home to Austin, over the size of a potential incentive package. The Travis County government is holding a closed-door meeting Tuesday to discuss what it’s willing to offer Tesla, noted the report. A vote on the matter could take place in the next few weeks.
IMAGE SOURCE: TESLA.
In May reports surfaced Tesla had chosen two potential locations for its assembly plant that will churn out its Cybertruck, its electric pick-up Austin, Texas, and Tusla, Oklahoma. At the time reports pointed to Austin as the front runner. It's expected to be Tesla’s largest factory. The company has an assembly plant in Fremont, California, and Reno, Nevada. The paper noted Reno offered Tesla $1.3 billion in incentives.
In March Tesla CEO Elon Musk announced via Twitter the tech stock was scouting locations for a Cybertruck Gigafactory in central USA. The plant would also assemble Tesla’s Model Y for East Coast customers, he said at the time.
Tesla has been expanding its manufacturing capacity in recent years, opening its Shanghai Gigafactory in November while its Germany plant is currently under construction. The Cybertruck is slated to begin production in 2021. The green car marker had been seeing increased demand prior to the pandemic, as consumers begin to more readily embrace an alternative to gas-powered vehicles.
