Austin, Texas — According to state and local development sources, Tesla plans to invest $2,117,000.00 to build out 82,107 square feet of new space in Austin. The company plans to occupy the new space at 405 E St Elmo Rd in Austin, on or about February 1, 2027. According to the company website, Teslas mission is to accelerate the worlds transition to sustainable energy through increasingly affordable electric vehicles in addition to renewable energy generation and storage. California-based Tesla is committed to having the best-in-class in safety, performance, and reliability in all Tesla cars. There are currently over 275,000 Model S, Model X and Model 3 vehicles on the road worldwide. To achieve a sustainable energy future, Tesla also created infinitely scalable energy products: Powerwall, Powerpack and Solar Roof. As the worlds only vertically integrated energy company, Tesla continues to innovate, scale and reduce the costs of commercial and grid-scale systems, with the goal of ultimately getting us to 100% renewable energy grids. Our vehicles are some of the safest in the world. After safety, our goal is to make every Tesla the most fun you could possibly have in a vehicle. We build features that make being in your vehicle more enjoyable—from gaming to movies, easter eggs and more. With over-the-air software updates, we regularly introduce features at the push of a button. To shift humanity away from fossil fuels, we need extreme scale. Headquartered in Texas, we operate six huge, vertically integrated factories across three continents. With over 100,000 employees, our teams design, build, sell and service our products in-house.

To learn more, visit http://www.tesla.com/

Company Contact:
Tesla
3500 Deer Creek Road
Palo Alto, CA94304
Phone: 888-518-3752
LinkedIn Link: https://www.linkedin.com/company/tesla-motors/

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