Tesla Buys Additional 381 Acres of Land for Austin Gigafactory
According to the Statesman, Tesla has purchased an additional 381 acres of land for its under-construction Terafactory in Austin, Texas.
The acquisition was made back in August, soon after soil work started on the site. Located in southeastern Travis County at Harold Green Road and Texas 130, the Terafactory project, which previously spanned a massive 2,100 acres, has now had an adjacent 381-acre parcel of land added to it.
Tesla’s Texas Terafactory is earmarked for vehicle production, including (but not limited to) the company’s Cybertruck pickup. However, the now-2,481 acres of land could eventually serve as more than just a production facility for the EV giant.
“I see, ultimately, them (Tesla) making this much more than a typical factory,” Daniel Ives, analyst at Wedbush Securities, told the Statesman. The site could eventually play home to infrastructure for research, development, engineering efforts, and even battery manufacturing!
In fact, Tesla has all but admitted to that being the case, seeing as the company has already posted job openings at the Terafactory for more than just vehicle production. Tesla has revealed that the Terafactory will create around 5,000 new employment opportunities in total.
The industry leader hopes for the facility to be completely operational by May 2021, and by the looks of things, construction is right on schedule (even with the additional 381 acres to work on!).