Texas
Tesla plans to spend more than $770 million on Texas factory expansion
A large cowboy boot is on show outdoors the Tesla Giga Texas manufacturing facility through the “Cyber Rodeo” grand opening celebration on April 7, 2022 in Austin, Texas.
Suzanne Cordeiro | AFP | Getty Photos
Tesla has registered with the state of Texas to develop its electrical car manufacturing unit in Austin this 12 months.
January filings with the Texas Division of Licensing and Registration reveal that Tesla plans to spend upwards of $770 million on the development of amenities there, together with for battery cell testing and manufacturing, cathode and drive unit manufacturing, and a die store, amongst different issues.
The Austin Enterprise Journal beforehand reported on Tesla’s plans and filings.
The Elon Musk-led automaker formally opened its Texas electrical car and battery manufacturing unit in April 2022, internet hosting a “cyber rodeo” celebration for shareholders and followers there. At the moment, Tesla manufactures a few of its Mannequin Y crossover utility automobiles in Austin, and plans to mass-manufacture its science fiction impressed Cybertruck, an unconventional pickup, there as nicely.
After the corporate initially opened up its Austin manufacturing unit, and one other car meeting plant outdoors of Berlin in Germany, CEO Elon Musk referred to as each amenities “gigantic cash furnaces,” in an interview with Tesla House owners Silicon Valley.