Part 2/8:
Partnership and Investment Details
Waller County officials described the upcoming factory as a state-of-the-art manufacturing facility for the Mega Pack product line. Tesla, which has held the lease for the building since October 2021, is finalizing a deal that includes significant financial incentives in the form of tax abatements. The proposed agreement features $44 million allocated for facility upgrades and an additional $150 million for manufacturing equipment. Furthermore, plans are in place for a new $31 million distribution facility accompanied by about $2 million in Tesla-related upgrades.