Tesla’s Gigafactory in Texas is a $10 Billion Investment Over Time, Says Elon Musk

Tesla CEO Elon Musk said the company’s upcoming Gigafactory in Austin, Texas, will be an over $10 billion investment over time.

Musk on Thursday was responding indirectly to Tesla critic, Mike Siegel, the political director of Ground Game Texas, who pointed out Austin had given Tesla $60 million in subsidies to move to the city.

In a response to Tesla supporter @SawyerMerritt, Musk said, “Giga Texas is a $10B+ investment over time, generating at least 20k direct & 100k indirect jobs.”

This dude is complaining about subsidies totaling less than 6% of the total cost of Giga Texas which will bring over 10,000 jobs to the area, help the environment, spur the local economy and help tons of local suppliers. God forbid Elon makes Texas their HQ…oh wait 🤦🏻 https://t.co/5rPIoQfVS9

— Sawyer Merritt (@SawyerMerritt) December 16, 2021

Giga Texas is a $10B+ investment over time, generating at least 20k direct & 100k indirect jobs

— Elon Musk (@elonmusk) December 16, 2021

Musk noted Giga Texas will create at least 20,000 direct jobs and 100,000 indirect jobs, a staggering economic impact of the new Tesla factory.

When a comment was made about Austin already collecting more in employment from the site’s construction crew, Musk replied, “literally”.

Recent filings showed Tesla will spend at least $1.06 billion for the first phase of Giga Texas, which is expected to be completed by this year.

Check out the latest Giga Texas flyover from Jeff Roberts below:

There’s also currently a ‘Tesla Road’ sign outside of the site, put up despite not being fully-approved yet.