Connect with us

News

Tesla approved to invest $750,000 into local Texas organizations

Credit: Greggertruck | X

Published

on

Tesla has been approved to invest $750,000 in nine local organizations in Texas this year, significantly exceeding its required investments. Although the company is required to give a certain percentage of its taxes as community investments, the figure nearly doubles the required amount from last year, and one official went on to call the automaker’s contributions “really impressive.”

Travis County commissioners approved Tesla for $750,000 in investments to local organizations in 2023, as shared by the automaker in a report this week (via Fox 7 Austin). Tesla is required to invest about 10 percent of operations and maintenance property taxes into organizations near its Gigafactory in Austin, Texas, and in its official headquarters of Del Valle.

When Tesla established its headquarters in Del Valle, which officially opened in 2022 after being announced in 2020, part of the agreement included giving back to the community. Travis County Director of Economic Development Christy Moffett recently explained the agreement upon the commission’s approval of Tesla’s 2023 investment plan.

“Tesla has an obligation to spend an equivalent of at least 10 percent of the operations and maintenance ad valorem property tax owed by the company over the term of the agreement in one or more of the programs identified,” Moffett said.

Tesla’s maintenance and operational taxes amounted to a little more than $2.9 million in 2022, according to Fox 7 Austin, so the 10-percent requirement would equate to $298,000. The $750,000 Tesla has been approved for is more than double the 2022 figure.

Advertisement
-->

“To see what has happened there because of the hard work of a lot of people, it’s really cool to see that,” said Rohan Patel, Tesla’s director of public policy.

The investments are broken up into increments ranging from as little as $12,000 to over $350,000, and will go toward organizations such as Del Valle school needs, along with multiple social and environmental groups.

“These things demonstrate to youth that there is something on the other side if [they] stay in school,” Travis County Precinct 1 Commissioner Jeff Travillion said.

The nine organizations are as follows, according to Tesla’s report to the county:

Community Partner
Advertisement
-->

 

Funding Amount

 

Program Description

 

Ecorise

 

$100,000

 

Student Innovation Fund creating access to career pathways.
Advertisement
-->

 

American Youthworks

 

$30,000

 

New training and production equipment for Manufacturing Program, providing workforce training.

 

Colorado River Alliance

 

$25,000
Advertisement
-->

 

River clean-up and environmental education activities.

 

Black Leaders’ Collective

 

$32,000

 

State of Black Education Program to improve career opportunities.

 

Austin Area Urban League
Advertisement
-->

 

$75,000

 

Green Jobs Initiative improving training and access to careers in the sustainability sector.

 

Partners for Education Agriculture and Sustainability (PEAS)

 

$100,000

 

Advertisement
-->

 

Sustainability/ Environmental programming to six elementary schools (AISD and Manor ISD) and prepare programming for the 4 Del Valle elementary schools.

 

Workforce Solutions Teacher Externships

 

$12,000

 

2023 Summer Educator Externship Program. Tesla led training and teaching opportunities at Giga Texas.

 

Del Valle ISD Staff
Advertisement
-->

 

$376,880

 

Creation of 3 new DVISD roles to directly support career opportunities.

 

Del Valle High School P-Tech Equipment

 

TBD

 

Manufacturing and Robotics equipment for classroom training.
Advertisement
-->

 

Among the many programs are the addition of new roles at the Del Valle School District to support career development, and multiple education and training opportunities for students and teachers. The automaker is also expanding a 120-acre area to the west of Giga Texas as a pilot program for ecological restoration.

“The whole goal with this pilot project, which is a fairly large pilot project, is to get a lot of learnings about what works on this site and maybe what doesn’t and continue applying this along our river frontage,” said Logan Grant, Tesla factory engineer.

The news comes ahead of Tesla’s third-quarter earnings report on Wednesday evening at 5:30 pm ET.

“This is really impressive. I know there’s lots of chatter in the community about Musk and Tesla and all of that, but what you’ve created here is really remarkable,” said Brigid Shea, Travis County Precinct 2 Commissioner.

Tesla partners with Del Valle ISD on student training program for Giga Texas

Advertisement
-->

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.

Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Advertisement
Comments

News

Tesla dispels reports of ‘sales suspension’ in California

“This was a “consumer protection” order about the use of the term “Autopilot” in a case where not one single customer came forward to say there’s a problem.

Sales in California will continue uninterrupted.”

Published

on

Credit: Tesla

Tesla has dispelled reports that it is facing a thirty-day sales suspension in California after the state’s Department of Motor Vehicles (DMV) issued a penalty to the company after a judge ruled it “misled consumers about its driver-assistance technology.”

On Tuesday, Bloomberg reported that the California DMV was planning to adopt the penalty but decided to put it on ice for ninety days, giving Tesla an opportunity to “come into compliance.”

Tesla enters interesting situation with Full Self-Driving in California

Tesla responded to the report on Tuesday evening, after it came out, stating that this was a “consumer protection” order that was brought up over its use of the term “Autopilot.”

The company said “not one single customer came forward to say there’s a problem,” yet a judge and the DMV determined it was, so they want to apply the penalty if Tesla doesn’t oblige.

Advertisement
-->

However, Tesla said that its sales operations in California “will continue uninterrupted.”

It confirmed this in an X post on Tuesday night:

Advertisement
-->

The report and the decision by the DMV and Judge involved sparked outrage from the Tesla community, who stated that it should do its best to get out of California.

One X post said California “didn’t deserve” what Tesla had done for it in terms of employment, engineering, and innovation.

Tesla has used Autopilot and Full Self-Driving for years, but it did add the term “(Supervised)” to the end of the FSD suite earlier this year, potentially aiming to protect itself from instances like this one.

This is the first primary dispute over the terminology of Full Self-Driving, but it has undergone some scrutiny at the federal level, as some government officials have claimed the suite has “deceptive” naming. Previous Transportation Secretary Pete Buttigieg was vocally critical of the use of the name “Full Self-Driving,” as well as “Autopilot.”

Advertisement
-->
Continue Reading

News

New EV tax credit rule could impact many EV buyers

We confirmed with a Tesla Sales Advisor that any current orders that have the $7,500 tax credit applied to them must be completed by December 31, meaning delivery must take place by that date. However, it is unclear at this point whether someone could still claim the credit when filing their tax returns for 2025 as long as the order reflects an order date before September 30.

Published

on

tesla showroom
Credit: Tesla

Tesla owners could be impacted by a new EV tax credit rule, which seems to be a new hoop to jump through for those who benefited from the “extension,” which allowed orderers to take delivery after the loss of the $7,500 discount.

After the Trump Administration initiated the phase-out of the $7,500 EV tax credit, many were happy to see the rules had been changed slightly, as deliveries could occur after the September 30 cutoff as long as orders were placed before the end of that month.

However, there appears to be a new threshold that EV buyers will have to go through, and it will impact their ability to get the credit, at least at the Point of Sale, for now.

Delivery must be completed by the end of the year, and buyers must take possession of the car by December 31, 2025, or they will lose the tax credit. The U.S. government will be closing the tax credit portal, which allows people to claim the credit at the Point of Sale.

We confirmed with a Tesla Sales Advisor that any current orders that have the $7,500 tax credit applied to them must be completed by December 31, meaning delivery must take place by that date.

However, it is unclear at this point whether someone could still claim the credit when filing their tax returns for 2025 as long as the order reflects an order date before September 30.

Advertisement
-->

If not, the order can still go through, but the buyer will not be able to claim the tax credit, meaning they will pay full price for the vehicle.

This puts some buyers in a strange limbo, especially if they placed an order for the Model Y Performance. Some deliveries have already taken place, and some are scheduled before the end of the month, but many others are not expecting deliveries until January.

Continue Reading

Elon Musk

Elon Musk takes latest barb at Bill Gates over Tesla short position

Bill Gates placed a massive short bet against Tesla of ~1% of our total shares, which might have cost him over $10B by now

Published

on

Elon Musk took his latest barb at former Microsoft CEO Bill Gates over his short position against the company, which the two have had some tensions over for a number of years.

Gates admitted to Musk several years ago through a text message that he still held a short position against his sustainable car and energy company. Ironically, Gates had contacted Musk to explore philanthropic opportunities.

Elon Musk explains Bill Gates beef: He ‘placed a massive bet on Tesla dying’

Musk said he could not take the request seriously, especially as Gates was hoping to make money on the downfall of the one company taking EVs seriously.

The Tesla frontman has continued to take shots at Gates over the years from time to time, but the latest comment came as Musk’s net worth swelled to over $600 billion. He became the first person ever to reach that threshold earlier this week, when Tesla shares increased due to Robotaxi testing without any occupants.

Advertisement
-->

Musk refreshed everyone’s memory with the recent post, stating that if Gates still has his short position against Tesla, he would have lost over $10 billion by now:

Just a month ago, in mid-November, Musk issued his final warning to Gates over the short position, speculating whether the former Microsoft frontman had still held the bet against Tesla.

“If Gates hasn’t fully closed out the crazy short position he has held against Tesla for ~8 years, he had better do so soon,” Musk said. This came in response to The Gates Foundation dumping 65 percent of its Microsoft position.

Advertisement
-->

Tesla CEO Elon Musk sends final warning to Bill Gates over short position

Musk’s involvement in the U.S. government also drew criticism from Gates, as he said that the reductions proposed by DOGE against U.S.A.I.D. were “stunning” and could cause “millions of additional deaths of kids.”

“Gates is a huge liar,” Musk responded.

It is not known whether Gates still holds his Tesla short position.

Advertisement
-->
Continue Reading