Here's Tesla's pitch to get millions in tax rebates from Texas in exchange for building its new Cybertruck factory in Austin — and why some residents don't want it (TSLA) - Creak News

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Here's Tesla's pitch to get millions in tax rebates from Texas in exchange for building its new Cybertruck factory in Austin — and why some residents don't want it (TSLA)

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  • Tesla's newest factory could likely be headed for Austin, Texas.
  • While Tesla hasn't Tesla announced its final decision, it proposed a 5 million square foot plant in Austin that would eventually produce its much-hyped Cybertruck and result in about 5,000 jobs in the area.
  • But in a heated public meeting, labor advocates and citizens sparred over the incentives laid out by Travis County. 
  • Visit Business Insider's homepage for more stories.

Tesla is zeroing in on Austin, Texas for a new Gigafactory to build its Cybertruck and even a new headquarters. 

Nothing is official yet, but the electric automaker has made its case to local officials in the Texas capitol as to why it should receive some $7 million in tax relief from Travis County to locate there. And in a public meeting on Tuesday, company executives and economic development officials pitched a deal that could see Elon Musk hire tens of thousands of workers.

See the rest of the story at Business Insider

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