Elon Musk Says This Is How Much Tesla Expects to Spend on Giga Texas Over Time

A general view of construction site of the Tesla Gigafactory in Austin, Texas, on Oct. 25, 2021. Mike Blake/Reuters

Tesla Inc. CEO Elon Musk said on Thursday Giga Texas would, over time, draw $10 billion in investments and generate at least 20,000 direct jobs.

What Happened: Musk replied to a Twitter post revealing the large investment and employment capabilities that the upcoming Giga Texas can deliver once it starts operations.