TruckElectric
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Out-of-the-blue phone call resulted in Tesla's huge Austin land buy
Transaction wins ABJ's Deal of the Year honor
Construction is rapidly progressing on Tesla's electric vehicle factory in eastern Travis County, outside Austin. Here it is pictured in August.
REALPHOTO INC
By ABJ staff
Oct 14, 2021, 4:30pm EDT
Elon Musk was in town. At the time, it was a novelty.
Real estate broker Matt Mathias was pulling up his ski pants in Telluride, Colorado, when he said he got the call that would further change Austin's trajectory.
Musk likes Austin, but he doesn't see any land that fits his grand vision, Mathias recalls a Tesla Inc. executive saying to him. The eccentric billionaire was on the verge of heading out disappointed until Mathias presented a jewel of a site not far from the airport.
"By the end of the day, they called back and put it under contract," Mathias said.
Today, hiring efforts are ramping up for Tesla's future vehicle manufacturing plant there. Tesla (Nasdaq: TSLA) had more than 300 job descriptions posted on its website earlier this month. Each description likely represents more than one job opportunity, and the positions listed on Tesla's website fell into a wide range of categories, such as engineering, manufacturing, finance, human resources, design and facility construction.
"Tesla coming to Austin makes a huge difference to Central Texas families," Mathias said. "There are so many people who finished high school — or maybe never finished high school — and they went into ... unskilled labor jobs. [The Tesla jobs] will have benefits, and they'll have a future with upward mobility."
The Tesla land buy — it initially purchased about 2,000 acres from construction materials company Martin Marietta Inc. — was named Deal of the Year in the 2021 Commercial Real Estate Awards.
The electric vehicle manufacturer on Oct. 7 announced it was moving its headquarters to Austin. The company is expected to begin production at its East Austin factory by the end of the year, at which time it will catapult into the upper ranks of Central Texas' largest employers.
Construction is still apparent at the Austin factory, which has rapidly taken shape in the past year. Photos from late summer showed the exterior nearly complete, while interior work was still underway.
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https://www.bizjournals.com/bizjournals/news/2021/10/15/msas-apartment-rents-growth.html
TECHNOLOGY
Tesla's HQ move to Austin isn't shocking, but it's game-changing, experts say
Tesla is expected to produce its Cybertruck, Model 3, Model Y SUV and Semi tractor-trailer at the Austin factory. Recent job postings also suggested that Musk is looking for employees to work on research and development for the future Tesla Bot— a humanoid robot intended to complete boring, repetitive or dangerous tasks.
Enlarge
Here was the Tesla site a year ago, in October 2020.
REAL PHOTO
https://www.bizjournals.com/austin/news/2021/10/14/crea-deal-of-the-year-tesla-plant.html
Transaction wins ABJ's Deal of the Year honor
Construction is rapidly progressing on Tesla's electric vehicle factory in eastern Travis County, outside Austin. Here it is pictured in August.
REALPHOTO INC
By ABJ staff
Oct 14, 2021, 4:30pm EDT
Elon Musk was in town. At the time, it was a novelty.
Real estate broker Matt Mathias was pulling up his ski pants in Telluride, Colorado, when he said he got the call that would further change Austin's trajectory.
Musk likes Austin, but he doesn't see any land that fits his grand vision, Mathias recalls a Tesla Inc. executive saying to him. The eccentric billionaire was on the verge of heading out disappointed until Mathias presented a jewel of a site not far from the airport.
"By the end of the day, they called back and put it under contract," Mathias said.
Today, hiring efforts are ramping up for Tesla's future vehicle manufacturing plant there. Tesla (Nasdaq: TSLA) had more than 300 job descriptions posted on its website earlier this month. Each description likely represents more than one job opportunity, and the positions listed on Tesla's website fell into a wide range of categories, such as engineering, manufacturing, finance, human resources, design and facility construction.
"Tesla coming to Austin makes a huge difference to Central Texas families," Mathias said. "There are so many people who finished high school — or maybe never finished high school — and they went into ... unskilled labor jobs. [The Tesla jobs] will have benefits, and they'll have a future with upward mobility."
The Tesla land buy — it initially purchased about 2,000 acres from construction materials company Martin Marietta Inc. — was named Deal of the Year in the 2021 Commercial Real Estate Awards.
The electric vehicle manufacturer on Oct. 7 announced it was moving its headquarters to Austin. The company is expected to begin production at its East Austin factory by the end of the year, at which time it will catapult into the upper ranks of Central Texas' largest employers.
Construction is still apparent at the Austin factory, which has rapidly taken shape in the past year. Photos from late summer showed the exterior nearly complete, while interior work was still underway.
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https://www.bizjournals.com/bizjournals/news/2021/10/15/msas-apartment-rents-growth.html
TECHNOLOGY
Tesla's HQ move to Austin isn't shocking, but it's game-changing, experts say
Tesla is expected to produce its Cybertruck, Model 3, Model Y SUV and Semi tractor-trailer at the Austin factory. Recent job postings also suggested that Musk is looking for employees to work on research and development for the future Tesla Bot— a humanoid robot intended to complete boring, repetitive or dangerous tasks.
Enlarge
Here was the Tesla site a year ago, in October 2020.
REAL PHOTO
https://www.bizjournals.com/austin/news/2021/10/14/crea-deal-of-the-year-tesla-plant.html
