Hyperdrive

Tesla’s Texas Plant Deal Advances With County Incentive Approval

Elon Musk speaks in front of a Cybertruck with shattered windows, after a failed resistance test, at Tesla Design Center in Hawthorne, California in 2019. Photographer: Frederic J. Brown/AFP via Getty Images

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By Sophia Cai and Paul Stinson

July 14, 2020 at 10:57 PM UTC

This article is for subscribers only.

Texas is moving forward with efforts to woo Tesla Inc. and lure its next electric-vehicle factory after the county that’s home to the state capital signed off on a tax-relief package.

Commissioners in Travis County voted Tuesday to approve a 70% property-tax rebate on the first $1.1 billion the company invests in a site near Austin. The abatement is worth at least $13.9 million.