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Tesla to nab $65M in tax breaks if it builds Cybertruck factory in Texas

Travis County, Texas, where Tesla eyes a new Gigafactory, has approved the tax breaks. Now the EV maker needs to make its decision.

Tesla Cybertruck
Where will the Cybertruck call home?
Tesla

The battle for Tesla's second US-based vehicle manufacturing plant heated up Monday after Travis County, Texas approved a tax break worth $14.7 million, if the electric carmaker builds a new factory in the Austin area.

Reuters reports that along with the $14.7 million, Austin's Del Valle school district also approved a $50 million tax break, which would cut Tesla out of funding local schools. Combined, Tesla has just under $65 million in tax breaks on the table, should it select Austin.

It's not clear whether Austin is the frontrunner for the new facility. Tulsa, Oklahoma is reportedly a second finalist for the factory, which will primarily assemble the Tesla Cybertruck. This new facility will also handle Model Y production for the east coast, according to CEO Elon Musk.

Financial details surrounding a possible Oklahoma site haven't surfaced, which could suggest Austin is the leading candidate. Tesla did not immediately respond to a request for comment on the selection process. Tulsa has promised numerous little incentives, such as buying a fleet of Cybertrucks to use as police vehicles. The area even painted its famed Golden Driller statue with Musk's face and a giant red T in a bid to woo the automaker.

According to the report, the new facility would create 5,000 new jobs and production could start as soon as later this year.

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