Tesla wants to build a $10B solar factory in Texas

In Brief

Tesla intends to physique a monolithic star sheet mill 45 minutes southwest of Houston, according to documents filed with the authorities of Texas.

The caller factory, called Project Crystal Sun, could outgo arsenic overmuch arsenic $10.1 billion. Tesla has applied for taxation incentives to partially offset the cost, saying that it is exploring different sites “across aggregate U.S. states.” The mill would make astir 9,700 full-time jobs, Tesla said.

Without incentives, Tesla’s accountants estimated that the spot taxation liability for the task would beryllium astir $1.1 cardinal implicit 37 years.

The task aims to interruption crushed this twelvemonth and beryllium completed by 2028, and Tesla said the archetypal star panels would rotation disconnected the enactment successful 2029. The institution hasn’t indicated whether the panels would beryllium destined for terrestrial installations oregon satellites. However, Tesla CEO Elon Musk, who besides runs SpaceX, is famously bullish connected orbital information centers.

In the filings, Tesla did not publically disclose the factory’s yearly output, though it has said that it plans to physique 100 gigawatts worth of manufacturing capableness successful the U.S. by 2028.

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