Tesla wants to build a $10B solar factory in Texas
Tesla wants to build a massive solar factory in Texas, but first it wants the state to chip in to defray the costs.
Tesla is planning to construct a colossal solar panel manufacturing facility in Texas, according to state filings. Dubbed Project Crystal Sun, the ambitious project could reach a staggering $10.1 billion in cost. In an effort to offset expenses, Tesla is pursuing tax incentives, suggesting they are also scouting alternative locations "across multiple U.S. states."
The factory will generate approximately 9,700 permanent positions. Without incentives, Tesla estimates property taxes would total about $1.1 billion over a 37-year period.
The project is scheduled to commence this year and conclude by 2028, with the first solar panels reportedly arriving on site in 2029. The specifics of the factory's annual production output remain undisclosed, although Tesla CEO Elon Musk, who also heads SpaceX, has expressed strong support for orbital data centers. In their filings, Tesla has not disclosed the factory's intended annual output, although they have indicated their aim to establish 100 gigawatts of manufacturing capacity in the U.S. by 2028.
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