Posted 4/16/2024, 9:38:11 PM
Tesla Receives Millions in Tax Breaks for Austin Gigafactory While Laying Off Some Local Workers
- Tesla receives tax rebates and incentives worth millions from Travis County and Del Valle ISD for its Austin Gigafactory
- Tesla laid off 10%+ of its global workforce this week, including some Austin employees
- Travis County provided Tesla a $14M tax rebate over 10 years if it creates 5,096 jobs by 2024
- Even with layoffs, Tesla likely still employs enough people to comply with tax rebate terms
- Del Valle ISD gave Tesla $68M in property tax savings over 10 years, requiring just 25 jobs under state law