Business

Tesla plans to spend more than $770 million to expand the plant in Texas


A giant cowboy boot is displayed outside Tesla’s Giga Texas manufacturing facility during the Cyber ​​Rodeo launch party on April 7, 2022 in Austin, Texas.

Suzanne Cordeiro | AFP | Getty Images

Tesla filed in the state of Texas to expand its electric vehicle factory in Austin this year.

January filings with the Texas Department of Licensing and Registration reveal that Tesla plans to spend more than $770 million to build facilities there, including for batteries cellular testing and production, cathode and drive unit manufacturing and die shop among other things.

The Austin Business Journal previously reported on Tesla’s plans and documents.

The Elon Musk-led automaker officially opened its electric vehicle and battery factory in Texas in April 2022, throwing a “cyber rodeo” party for shareholders and fans there. Today, Tesla builds some of its Model Y crossovers in Austin and plans to build its sci-fi-inspired Cybertruck, an unconventional pickup, there as well.

After the company initially opened its Austin factory and another car assembly plant outside of Berlin in Germany, CEO Elon Musk called both facilities “giant furnaces for money,” in an interview with Tesla Silicon Valley owners.


#Tesla #plans #spend #million #expand #plant #Texas

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button