Tesla to build new megafactory in Texas, Electrek reports
The electric vehicle company is going to build and manage its Megapack energy products in over a 1-million-square-foot building near Katy, Texas, according to the report. Under the tax agreement, the company will receive abatements from the county based on property upgrades, including $44 million in facility improvements and $150 million in Tesla manufacturing equipment. The Waller County office of Economic Development Partnership and Tesla did not immediately respond to Reuters' requests for comment.