COUNT AUSTIN’S TOP STORIES OF 2020
We’re counting down Austin’s Top Stories of the Year, selected by American Statesman reporters and editors. Our countdown is until December 27th. Today: No. 7
In one of the largest economic development projects in Austin’s history, the electric car manufacturer Tesla selected a location on the southeastern edge of Austin for an assembly plant valued at US $ 1.1 billion.
Austin reportedly beat Tulsa, Oklahoma, and the deal came about after Travis County approved tax breaks worth at least $ 14 million over a 10-year period.
The California-based company bought 2,100 acres off Texas 130 for $ 97 million, suggesting it may have bigger plans for Austin beyond the 7.9 million square feet for the sprawling factory.
“We’re going to turn this into a factory that will be stunning,” said Elon Musk, billionaire founder of Tesla.
Tesla has announced that the vehicle factory will be the starting point for two new products – the company’s planned cybertruck pickup and the commercial semi-trailer for long-haul shipping.
At the end of the year, Musk confirmed that he had moved to Texas, although he wouldn’t say exactly where, and he is reportedly moving his private foundation to Austin.
OUR COUNTDOWN SO far
Our countdown is until December 27th. Read our recaps of stories in our countdown of Austin’s top news of 2020: