It's official! Tesla picks Austin for next factory.

[David Ivy]

It's official! Tesla has chosen a site in far East Austin for its next factory. From the Austin-American Statesman:

"In one of the largest economic development projects in Austin’s history, electric automaker Tesla says it will build a $1.1 billion assembly plant in Travis County that will employ 5,000 people.

Wages at the factory — to be located on 2,100 acres off Texas 130 and Harold Green Road — will start at $35,000 annually, counting benefits, bringing job opportunities and investment to a southeastern portion of the county that officials say is sorely in need of them.

It will produce the electric vehicle maker’s upcoming Cybertruck electric pickup, as well as be a second site to build its Model Y SUV. Tesla officials have said they intend to break ground on the factory by the third quarter of this year."