Tesla plans to complete construction of $1 billion Austin plant by the end of 2020

Public filings with a Texas state agency show that Tesla Inc. plans to complete construction by the end of the year and plans to spend more than $1 billion on its new vehicle factory in Austin, Texas.

TDLR submitted filings to the Texas Department of Licensing and Regulation outlined Tesla's spending on various manufacturing capabilities at its Austin factory. The company plans to complete the construction of its general assembly, paint, casting, stamping and body shop facilities by December 31.

The filings show that the five facilities would have a combined square footage of nearly 4.3 million 0.4 square kilometer and cost a total of $1.06 billion.

Electric vehicle news outlet electrek reported on the filings on Monday.

The TDLR licenses and regulates a wide range of businesses, facilities and equipment. The Tesla filings were made under the agency's architectural barriers project, which reviews and inspects projects to ensure they comply with Texas accessibility regulations. The agency didn't respond immediately to a request for comment.

Tesla Chief Executive Elon Musk previously said the company plans to start limited production of its Model Y mid-size SUV this year, and high-volume production next year.

The construction of Tesla's new factory, which is located close to the airport on the eastern outskirts of Austin, is expected to cost $1.1 billion during the summer of 2020. The factory is expected to receive $65 million in local tax rebates, which Tesla said will create 10,000 jobs, most of them low skilled.

The factory building is expected to be completed by 0.75 miles 1.21 km long, and construction groups can be seen working on the massive plant day and night. Tesla has said it will move its headquarters from California to Austin, Texas.