<p>California based electric automaker Tesla has picked Austin, Texas capital, for 1.1 billion assembly plant that is expected to provide employment to around 5,000 people.</p>.<p>This will be one of the largest economic development projects in Austin’s history.</p>.<p>Tesla CEO Elon Musk said during the company's earnings call on Wednesday that its next Gigafactory would be located near Austin, Texas.</p>.<p>“The location is five minutes from Austin International National Airport and 15 minutes from Downtown Austin. It’s about 2,000 acres,” Musk said during the call.</p>.<p>“And we're going to make, I think, a factory that it's going to be stunning. It's right on the Colorado River. So we're actually going to have, we're going to have a boardwalk where there'll be a hiking, biking trail. It's going to basically be an ecological paradise – birds in the trees, butterflies, fish in the stream. And it will be open to the public as well,” he said.</p>.<p>Initial work on the facility began this past weekend, Musk said.</p>.<p>This will be the company’s fourth vehicle-assembly factory worldwide and second in the US, with its Fremont, California factory, Shanghai Gigafactory and forthcoming Berlin factory comprising the other three.</p>.<p>The Tesla Cybertruck, Tesla Semi and Model 3 and Y for the eastern half of North America will be manufactured at the Texas Gigafactory, Musk said.</p>.<p>Both the Tesla Cybertruck and Semi are still being developed.</p>.<p>Texas Governor Greg Abbott heralded the announcement in a written statement Wednesday, calling Tesla “one of the most exciting and innovative companies in the world.”</p>.<p>The planned factory “will keep the Texas economy the strongest in the nation and will create thousands of jobs for hard-working Texans,” Abbott said.</p>.<p>“I look forward to the tremendous benefits that Tesla’s investment will bring to Central Texas and to the entire state.”</p>.<p>Indo-American Chamber of Commerce of Greater Houston (IACCGH) president Tarush Anand and its Executive Director Jagdip Ahluwalia joined governor Abbot in welcoming Tesla to Texas.</p>.<p>"This will boost the economy and open doors for jobs lost because of the pandemic", they said.</p>.<p>In Austin, Tesla will join large high-tech companies that began to flock to the area in the 1970s led by Dell, IBM, and 3M.</p>.<p>As companies continued to pour in over recent decades, the city has experienced high population growth.</p>.<p>A business-friendly climate with no state income tax for residents and a wealth of educated workers have made it a fitting home for hundreds of companies, both tech imports and home-grown enterprises alike.</p>
<p>California based electric automaker Tesla has picked Austin, Texas capital, for 1.1 billion assembly plant that is expected to provide employment to around 5,000 people.</p>.<p>This will be one of the largest economic development projects in Austin’s history.</p>.<p>Tesla CEO Elon Musk said during the company's earnings call on Wednesday that its next Gigafactory would be located near Austin, Texas.</p>.<p>“The location is five minutes from Austin International National Airport and 15 minutes from Downtown Austin. It’s about 2,000 acres,” Musk said during the call.</p>.<p>“And we're going to make, I think, a factory that it's going to be stunning. It's right on the Colorado River. So we're actually going to have, we're going to have a boardwalk where there'll be a hiking, biking trail. It's going to basically be an ecological paradise – birds in the trees, butterflies, fish in the stream. And it will be open to the public as well,” he said.</p>.<p>Initial work on the facility began this past weekend, Musk said.</p>.<p>This will be the company’s fourth vehicle-assembly factory worldwide and second in the US, with its Fremont, California factory, Shanghai Gigafactory and forthcoming Berlin factory comprising the other three.</p>.<p>The Tesla Cybertruck, Tesla Semi and Model 3 and Y for the eastern half of North America will be manufactured at the Texas Gigafactory, Musk said.</p>.<p>Both the Tesla Cybertruck and Semi are still being developed.</p>.<p>Texas Governor Greg Abbott heralded the announcement in a written statement Wednesday, calling Tesla “one of the most exciting and innovative companies in the world.”</p>.<p>The planned factory “will keep the Texas economy the strongest in the nation and will create thousands of jobs for hard-working Texans,” Abbott said.</p>.<p>“I look forward to the tremendous benefits that Tesla’s investment will bring to Central Texas and to the entire state.”</p>.<p>Indo-American Chamber of Commerce of Greater Houston (IACCGH) president Tarush Anand and its Executive Director Jagdip Ahluwalia joined governor Abbot in welcoming Tesla to Texas.</p>.<p>"This will boost the economy and open doors for jobs lost because of the pandemic", they said.</p>.<p>In Austin, Tesla will join large high-tech companies that began to flock to the area in the 1970s led by Dell, IBM, and 3M.</p>.<p>As companies continued to pour in over recent decades, the city has experienced high population growth.</p>.<p>A business-friendly climate with no state income tax for residents and a wealth of educated workers have made it a fitting home for hundreds of companies, both tech imports and home-grown enterprises alike.</p>