Tesla is investing at least $1 billion in its Giga Texas gigafactory, and intends to employ 5,000 workers in manufacturing jobs in Austin. this is going to give the area a huge transformative opportunity to improve their lives, median income and overall economic outlook.
Tesmanian reports.
Tesla's new electric vehicle manufacturing gigafactory in Austin, Texas could be a lifeline for an area in dire need of development. Del Valle, an underdeveloped area in the southeast of Travis County, has had minimal commercial investment for decades.
The preparation of the territory is already progressing at a rapid pace. In the words of one developer, Tesla is “moving at the speed of Elon," as Musk's team bulldozes dirt to pave the way for the huge assembly plant.
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.
