web3: Tesla Plans to Build a $10 Billion Solar Factory in Texas

CoinWorld reports:

Documents show that Tesla plans to build a large solar panel factory in Texas, USA, named "Project Crystal Sun." The factory will be located about a 45-minute drive southwest of Houston, with an investment scale of up to $10.1 billion.

The company disclosed that it has applied for tax incentives in Texas to partially offset construction costs. Tesla also stated that it is evaluating other potential locations in several states across the U.S. If the project is finalized, it is expected to create approximately 9,700 full-time jobs.

Tax Costs and Site Selection Considerations

According to the submitted documents, without relevant incentives, the project faces a property tax burden of about $1.1 billion over 37 years. This is one of the important reasons Tesla is pushing for tax incentives.

From the disclosed content, Texas remains the primary location for the project, but the company has not completely ruled out the possibility of adjusting the site across states. Relevant statements indicate that Tesla is still comparing the conditions for landing in different states.

Construction Timeline Disclosed

Tesla stated in the documents that the project aims to start construction this year and complete it by 2028. According to this schedule, the first batch of solar panels is expected to roll off the production line in 2029.

Currently, Tesla has not specified whether these panels will primarily be used for ground power stations, distributed scenarios, or other purposes. Reports mention that Musk also leads SpaceX and has a long-term outlook on space infrastructure such as orbital data centers, but the documents themselves do not further clarify the direct connection between the factory and related businesses.

Annual Production Capacity Not Disclosed

Tesla did not disclose the annual output of this factory in the current documents. However, the company previously stated that it plans to achieve a total manufacturing capacity of 100 gigawatts in the U.S. by 2028.

If the project proceeds as planned, Tesla's energy manufacturing layout in the U.S. will further expand. For the company, this is not only related to the expansion of its solar business but also concerns the localization of its energy equipment supply chain.

Additional Information: TechCrunch reports that the documents disclosed by Tesla do not specify whether the factory's products will be aimed at ground installations or satellite-related uses, and the current public information remains focused on investment scale, tax incentives, and construction timelines.

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