Tesla leases 682,000 sq ft building in Austin

Tesla has leased a large industrial building in Austin as part of its expanding operations in Texas. The 682,000-square-foot space is in the Austin Hills Commerce Center at 11801 Decker Lake Road. Completion of the second phase is scheduled for January 2027.

The lease covers a speculative building developed by Sansone Group and Principal Asset Management. Tesla will occupy the space, though the company has not disclosed its planned use for vehicle logistics, storage or other operations.

This addition expands Elon Musk’s real estate holdings in Central Texas. The portfolio now includes 2.2 million square feet leased around Austin and more than 10 million square feet owned across companies including Tesla’s Gigafactory Texas.

The move aligns with ongoing projects such as the Terafab chip facility and Optimus robot production at the Gigafactory North Campus. At least a dozen other large speculative buildings are under development in the Austin area.

Makala yanayohusiana

Photorealistic image of Hut 8's Texas AI data center with a stock surge chart overlay, illustrating the $9.8 billion lease announcement.
Picha iliyoundwa na AI

Hut 8 shares surge nearly 30 percent after signing $9.8 billion ai data center lease

Imeripotiwa na AI Picha iliyoundwa na AI

Hut 8 announced a 15-year lease valued at $9.8 billion for a large-scale AI data center in Texas, sending its shares up nearly 30 percent on Wednesday. The deal covers 352 megawatts of capacity at the company's Beacon Point campus and includes options that could raise the total value to $25.1 billion.

Dozens of newly built Tesla Cybercabs have rolled off the production line at Gigafactory Texas in recent days. More than 150 of the autonomous vehicles are now visible at the Austin facility.

Imeripotiwa na AI

Tesla vice president of vehicle engineering Lars Moravy has teased significant updates on the company's Austin operations. The announcement is set for Tuesday, July 7.

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