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Tesla reportedly negotiating incentives deal with officials in Austin for next Gigafactory

2 min read
Gigafactory 1

Earlier this year Tesla CEO Elon Musk revealed on Twitter his company’s plans to build a new Gigafactory somewhere in the central US.

Not long after, several local governments and business groups tried to vie for the attention of the CEO with lucrative incentives deals and offers of free land.

But the race to secure the agreement to build Tesla’s next Gigafactory may soon be coming to an end.

According to a report today in the American-Statesman, officials in Austin, Texas are currently in the process of negotiations with Tesla over an incentives deal that could land them the massive investment from Tesla.

In speaking with people knowledgeable of the proceedings, the Travis County Commissioners Court will discuss the potential deal at a meeting scheduled for Tuesday.

Drive Tesla reported last month that both Austin, and Tulsa, Oklahoma were the two frontrunners for the location of the next Gigafactory. Musk hopes to have the factory built quickly and have Model Y vehicles coming off the production line before the end of 2020. Eventually, the new factory would also build the upcoming Cybertruck.

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