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Tesla plans $10B solar factory in Texas, creating 9,700 jobs by 2029

Market News
12 Aug 2026
TechCrunch
View Source
Bullish
pluang ai news

Tesla is set to build a $10.1 billion solar panel factory near Houston, Texas, called Project Crystal Sun. The factory aims to create around 9,700 full-time jobs and start production by 2029. Tesla has applied for tax incentives and is considering other U.S. sites. This move supports Tesla's goal to reach 100 gigawatts of solar manufacturing capacity in the U.S. by 2028, highlighting its expansion in renewable energy production.

More News (TSLA)

Elon Musk earned 2.5 million times more than Tesla's average worker in 2025, highlighting growing CEO-worker pay gaps.

Elon Musk earned 2.5 million times more than Tesla's average worker in 2025, highlighting growing CEO-worker pay gaps.

In 2025, Elon Musk received $158.3 billion in compensation as Tesla's CEO, which was 2.5 million times the pay of the average Tesla worker. This figure is an extreme example of the widening pay gap between CEOs and workers, with the average CEO-to-wo...

Market News
Bearish
21 hours ago
VTSAX fund has hidden costs; VTI ETF offers similar exposure with better tax efficiency and lower fees.

VTSAX fund has hidden costs; VTI ETF offers similar exposure with better tax efficiency and lower fees.

Vanguard's VTSAX mutual fund, though low-cost on paper, can incur significant hidden expenses like capital gains taxes, a $3,000 minimum investment, and transaction fees outside Vanguard platforms. Its ETF counterpart, VTI, offers the same broad US m...

Market News
Neutral
21 hours ago
Tesla stock seen rising 23% to $403 despite recent earnings miss and share drop.

Tesla stock seen rising 23% to $403 despite recent earnings miss and share drop.

Tesla's stock, currently at $327.51, is projected to rise 22.95% to $402.67 according to 24/7 Wall St., driven by optimism around its robotaxi service and AI investments despite a recent earnings miss and a 27% drop year-to-date. The company reported...

Analyst Insights
Bullish
22 hours ago
SpaceX stock jumps 10%, adding $66B to Elon Musk's wealth, nearing trillionaire status again.

SpaceX stock jumps 10%, adding $66B to Elon Musk's wealth, nearing trillionaire status again.

SpaceX's stock surged 10% to $146.15, boosting Elon Musk's wealth by about $66 billion in one day. After briefly making Musk the world's first trillionaire during its IPO peak at $225.64, the stock fell below $105 but has now rebounded strongly. Musk...

Market News
Bullish
1 day ago
Proposed tax change could cut Elon Musk's Tesla capital gains tax by billions.

Proposed tax change could cut Elon Musk's Tesla capital gains tax by billions.

A proposed tax policy in Washington aims to index capital gains to inflation, potentially reducing Elon Musk's future tax bill on his roughly 700 million Tesla shares by hundreds of millions to billions of dollars. The change would mainly affect Musk...

Market News
Bullish
1 day ago
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