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Texas Gov. Greg Abbott joins Squawk Box to discuss how Tesla's $1 billion Austin plant could impact the state's economy.
On July 23, Governor Greg Abbott announced via Twitter that Elon Musk had decided to build Tesla's next American plant in Texas. He thanked Tesla and Musk for choosing the Lone Star State to build the new Gigafactory.
Tesla picks Texas for its Cybertruck factory.— Greg Abbott (@GregAbbott_TX) July 22, 2020
Thanks to .@elonmusk & .@Tesla for embracing our great state.
The Gigafactory will employee thousands of Texans & be a cornerstone for next generation innovation.
It’s been fun to get to know you.
Welcome to Texas. pic.twitter.com/PsnfaEUHaz
Abbott said Tesla is also attracted to the talent in the area. He called Musk a “transformative thinker” and painted Texas as an optimal place to usher in that transformation.
“He knows he has a better ability to do that in Texas with the freedoms that we offer him, with the low costs that we offer him, than he does in other places, like California,” Abbott said.
Tesla estimates Giga Texas will create at least 5,000 jobs. The factory is supposed to attract thousands of new non-Tesla jobs due to secondary effects. There are many high-paying jobs in Austin right now, but “where we’re really deficient is in those middle-skill jobs,” said Mayor Steve Adler.