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

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)

Saudi EV startup Ceer launches first vehicles, aiming to challenge Tesla and Chinese rivals globally.

Saudi EV startup Ceer launches first vehicles, aiming to challenge Tesla and Chinese rivals globally.

Saudi Arabia's electric vehicle startup Ceer, backed by the country's Public Investment Fund, has launched its first two EV models with plans for five more by 2030. Ceer aims to compete directly with Tesla and Chinese EV manufacturers, targeting a sh...

Market News
Neutral
18 hours ago
Tesla's Cybertruck sales fall 94% short of expectations despite EV market lead in H1 2026

Tesla's Cybertruck sales fall 94% short of expectations despite EV market lead in H1 2026

Tesla dominated the electric vehicle market in the first half of 2026 with a 52.3% share, led by strong sales of the Model Y and Model 3. However, the Cybertruck severely underperformed, with only 7,263 units sold compared to Elon Musk's forecast of ...

Market News
Bearish
23 hours ago
Tesla registers entity in Vietnam, eyeing entry into a market dominated by local EV leader VinFast.

Tesla registers entity in Vietnam, eyeing entry into a market dominated by local EV leader VinFast.

Tesla has registered a local entity in Vietnam, signaling plans to enter the country's rapidly growing electric vehicle market. Vietnam's EV market is led by VinFast, which holds 92% market share and benefits from a strong local ecosystem including c...

Market News
Neutral
1 day ago
Tesla reopens $50,000 reservations for next-gen Roadster ahead of Oct 1 unveiling.

Tesla reopens $50,000 reservations for next-gen Roadster ahead of Oct 1 unveiling.

Tesla has reopened reservations for its next-generation Roadster, requiring a $50,000 deposit before the vehicle's official unveiling on October 1 in Texas. Customers must first pay a refundable $5,000 by credit card, then complete the reservation wi...

Market News
Bullish
1 day ago
Apple and Tesla show resilience against AI threats with strong Q2 results and proprietary AI tech.

Apple and Tesla show resilience against AI threats with strong Q2 results and proprietary AI tech.

Apple and Tesla demonstrated strong financial results and resilience against AI sector disruptions after OpenAI agent attacks on Hugging Face. Apple reported a record fiscal Q3 2026 revenue of $109.42 billion, driven by iPhone sales and services, whi...

Company Fundamentals
Bullish
1 day ago
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