<p>Tesla Inc Chief Executive Officer Elon Musk said on Thursday that the electric carmaker's new vehicle factory in Austin, Texas would involve an investment of more than $10 billion over time.</p>.<p>Public filings last month showed that the company was planning to spend more than $1 billion on the factory and intended to complete its construction by the end of this year.</p>.<p>In a tweet on Thursday, Musk said "Giga Texas is a $10B+ investment over time, generating at least 20k direct & 100k indirect jobs."</p>.<p>Tesla did not immediately respond to a request seeking more details on the tweet. It has previously said the factory would create some 10,000 jobs.</p>.<p>The company is expected to receive nearly $65 million in local tax rebates for the plant, which is located close to the airport on the eastern outskirts of Austin.</p>.<p>Earlier this month, Tesla said it had moved its headquarters to Austin from California.</p>.<p><strong>Check out DH's latest videos</strong></p>
<p>Tesla Inc Chief Executive Officer Elon Musk said on Thursday that the electric carmaker's new vehicle factory in Austin, Texas would involve an investment of more than $10 billion over time.</p>.<p>Public filings last month showed that the company was planning to spend more than $1 billion on the factory and intended to complete its construction by the end of this year.</p>.<p>In a tweet on Thursday, Musk said "Giga Texas is a $10B+ investment over time, generating at least 20k direct & 100k indirect jobs."</p>.<p>Tesla did not immediately respond to a request seeking more details on the tweet. It has previously said the factory would create some 10,000 jobs.</p>.<p>The company is expected to receive nearly $65 million in local tax rebates for the plant, which is located close to the airport on the eastern outskirts of Austin.</p>.<p>Earlier this month, Tesla said it had moved its headquarters to Austin from California.</p>.<p><strong>Check out DH's latest videos</strong></p>