Tesla looks at building its $3 billion plant in Texas

So…Did you hear Tesla just said it’s considering building its factory here in Texas? SEE ALSO: Trump visit could boost supply of Model 3 for launch The carmaker’s Chief Executive Officer, Elon Musk, made…

Tesla looks at building its $3 billion plant in Texas

So…Did you hear Tesla just said it’s considering building its factory here in Texas?

SEE ALSO: Trump visit could boost supply of Model 3 for launch

The carmaker’s Chief Executive Officer, Elon Musk, made a significant announcement about Texas and Texas Auto Workers this past Tuesday. He didn’t mention employment details, but his company is still far away from building a plant in the Lone Star State. Tesla currently has a financial agreement with Texas, but had yet to figure out how to build a manufacturing facility here. Tesla is currently in talks to find the right site, which would be several hundred million dollars.

On the website of the automaker, Musk wrote, “For the full 100,000+ cars a year we need, Texas is the best state in the country to build a factory. To start, the state will likely support Tesla’s building a factory with a production capacity of 500,000+ cars per year, potentially in installments. If we are able to secure the capital we need within a year, we would build the first 100,000 in Texas, followed by others states.”

Texas Attorney General Ken Paxton said Tuesday afternoon that the state looks forward to Tesla’s request for a $1.9 billion bond.

Several communities have already made plans for a one-million-square-foot manufacturing facility.

In Texas, “Tesla has an approval to come into the state as soon as possible,” Paxton said at a news conference.

But that’s not all.

The Texas Automotive Council and Texas Auto Workers jointly created a $9 billion Tesla plan where production would take place in Houston and Harris County. That proposal includes a $10 billion plant, 10,000 employees, $2.2 billion in a projected annual payroll and other start-up costs and corporate benefits.

TAC and TAW, which is not affiliated with Texas A&M University, co-presented an update on Texas Auto Workers’ prospects for Tesla expansion Tuesday. Musk and CEO of TAC, Alexander Deckers, walked through the details of TAC’s proposed Economic Impact Study, which breaks down a potential $9 billion investment by Tesla over 10 years.

In a blog post, Deckers wrote:

“We believe the enormous potential of their market and a skilled workforce that has a history of expanding outside of traditional industries make us a compelling option.”

As one example, Deckers says if Tesla opens a plant in the Dallas-Fort Worth area, the air quality here will help maintain a top health rating from the Clean Air Council. Texas fares very well in the rankings for both ambient air quality (excellent) and fugitive emissions (better than half of all states).

Here is Texas’ fall list of energy-efficient cars and its RPS (Retrofit Partnership Program), which is a program to help automakers — and other manufacturers — lower the emissions from vehicles.

The total of all vehicles sold in Texas dropped nearly 5% in 2017, but Toyota was one of the few carmakers to break through.

Leave a Comment