Elon Musk just announced on his Twitter account that Tesla’s Gigafactory Texas investment will be more than $10 billion over time, generating 20,000 direct and +100,000 indirect jobs in the US.
Tesla has been preparing for the start of production at its newest factory in the US. The automaker recently moved its headquarters from Fremont, California to Gigafactory Texas, as the factory site is getting crowded with more Tesla employees every day. Elon Musk just announced on his Twitter account that Tesla’s Gigafactory Texas investment will be more than $10 billion over time, generating 20,000 direct and +100,000 indirect jobs in the US.
Tesla Model Y production is expected to be started in Texas before the end of the year. Texas-based EV maker probably spent more than $1 billion for the first phase of this facility as of today, but its investment for Gigafactory Texas is not completed yet. Elon Musk confirmed that their second US EV factory will need more than $10 billion investment to be finished. The next phase of the factory probably includes the production of the famous electric pickup Cybertruck.
Texas facility will double Tesla’s US production output when it is fully ramped up. Once the Cybertruck and Tesla’s first heavy-duty electric vehicle Tesla Semi production phases are complete, the overall production output of the Giga Texas will reach more than 500,000 vehicles per year.
Gigafactory Texas will solve American carmaker’s ‘delivery problem’ once starts operating. Right now, a new customer ready to pay for a brand-new Tesla EV needs to wait almost a year to take delivery of its order. The Model Y is the most popular Tesla in the market, Texas facility will surely help Tesla clear up its tight delivery schedule.