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Tesla’s US$1 billion factory aims to be completed by the end of the year

AUSTIN – Tesla plan to spend more than $first billion on it new vehicle plant in Austin, Texas, and plans to complete construction by the end of the year, public filings with a Texas state agency show.

Filings filed with the Texas Department of Regulations and Licensing (TDLR) on Friday show Tesla’s spending on various manufacturing capabilities at the Austin plant. The company said it plans to complete construction of its overall assembly, painting, casting, stamping and body shop facilities by December 31.

The five facilities will have a total area of ​​nearly 4.3 million (0.4 square kilometers) and be worth a total of $1.06 billion, according to the filing.

Electric vehicle news store Electrek was first reported on the filing on Monday.

TDLR regulates and licenses a wide variety of businesses, facilities and equipment. Tesla’s filings were made under the agency’s architectural fence project, which will review and audit projects to ensure they comply with Texas accessibility regulations.

The agency did not immediately respond to a request for comment.

Tesla CEO Elon Musk previously said the company plans to start limited production Model Y Mid-size SUV this year and mass production next year.

Construction of Tesla’s new factory, located near the airport in the eastern suburbs of Austin and expected to cost $1.1 billion, begins in the summer of 2020. The company expects to receive close to $65 million in local taxes. discount for the factory, which Tesla says will create about 10,000 jobs, most of them low-skilled.

Construction crews can be seen working day and night on the massive plant, and the factory building is expected to be at least 0.75 miles (1.21 km) long once completed.

Tesla has also said it will move its headquarters to Austin, Texas from California.

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