Tesla to build new megafactory in Texas, Electrek reports

Reuters

Wed, Mar 5, 2025, 3:23 PM 1 min read

(Reuters) - Tesla (TSLA) is going to physique a caller megafactory adjacent Houston to run a artillery retention facility, Electrek reported connected Wednesday, citing a taxation abatement statement with Waller County successful Texas.

The electrical conveyance institution is going to physique and negociate its Megapack vigor products successful implicit a 1-million-square-foot gathering adjacent Katy, Texas, according to the report.

Under the taxation agreement, the institution volition person abatements from the region based connected spot upgrades, including $44 cardinal successful installation improvements and $150 cardinal successful Tesla manufacturing equipment.

The Waller County bureau of Economic Development Partnership and Tesla did not instantly respond to Reuters' requests for comment.

The bulk of Tesla's income is generated from its EV business, but CEO Elon Musk has been moving connected increasing its star vigor and artillery business.

Tesla has a akin gigafactory successful China, wherever accumulation trials began precocious past year. The works volition assistance the institution instrumentality vantage of China's proviso concatenation and little costs of its lithium-ion batteries.

The caller mill successful Texas should besides make astir 1,500 jobs, Electrek reported.

(Reporting by Zaheer Kachwala successful Bengaluru; Editing by Alan Barona)