AUSTIN, Texas — Tesla has selected a central Texas site for its new Gigafactory location, CEO Elon Musk announced while discussing a Q2 2020 update on Wednesday.
Musk says the factory will be located on approximately 2,000 acres along the Colorado River in southeast Travis County — approximately five minutes from Austin-Bergstrom International Airport and 15 minutes from downtown Austin.
A portion of the site along the Colorado River, described as an "ecological paradise," will remain open to the public and will feature boardwalks and trails, Musk mentioned.
The approximate $1 billion factory will ramp up production for the new Tesla Cybertruck, as well as the Tesla Semi, and East Coast production and deliveries of the Model 3 and Model Y. At its peak, Tesla expects to create 5,000 new jobs. Economists predict an additional 4,000 jobs may be created locally and regionally to support Tesla's central Texas operations.
"Tesla is one of the most exciting and innovative companies in the world, and we are proud to welcome its team to the State of Texas,” stated Texas Governor Greg Abbott on news of the announcement. “Texas has the best workforce in the nation and we’ve built an economic environment that allows companies like Tesla to innovate and succeed."
"Tesla’s Gigafactory Texas will keep the Texas economy the strongest in the nation and will create thousands of jobs for hard-working Texans," Abbott continued. "I look forward to the tremendous benefits that Tesla's investment will bring to Central Texas and to the entire state."