Tesla moving to any city within Texas would likely provide tremendous boost to the job market. The Governor of Texas Gregg Abbott along with several Texas mayors pitched their cities as potential new headquarter locations. Tesla employs nearly 50,000 employees so a move to Texas would provide an influx of thousands of high paying jobs and new residents.
A move to Texas by Tesla would help the Texas job market significantly. There are many qualified Texas college graduates entering a grim workforce due to COVID-19 and many businesses in the energy industry have been forced to close their doors permanently.
Tesla could provide high-paying, full benefit jobs to employees from all types of educational backgrounds. A new production plant in a city in Texas would provide recent graduates or newly unemployed Texans with entry-level jobs.
Additionally, Texas businesses will have opportunities to do business with Tesla. With a market cap of nearly $165 billion, there are ample opportunities for Texas businesses to provide value for Tesla and earn various contracts for services.
A move to Texas for Tesla’s headquarters may also bring with it one of Tesla’s gigafactories to Texas. The gigafactory – a 1.9 million square foot area that serves as a research, development and manufacturing plant – is the hallmark of Tesla’s production efforts.
A Tesla gigafactory would employ thousands of employees and create billions of dollars in economic activity in coming years. The construction and maintenance of the gigafactory alone would be a sufficient incentive for any city looking for economic growth.
Dhoof Mohamed writes about energy and IT topics for various clients. His academic interests include solar energy initiatives and the future of sustainable energy. His articles have appeared on SiteProNews, ChooseFlorida and the office of the U.S. Embassy. You can reach him at email@example.com.