Friday, January 27, 2023

Tesla plans to spend more than $770 million to expand its Texas factory

January 11, 2023 | At 1:29 p.m.

TeslaElon Musk plans to expand its electric vehicle factory in Austin, Texas, this year as it plans to spend more than $770 million building the facility.

January filings with the Texas Department of Licensing and Regulation show Tesla’s investment plans will also be used for battery cell testing and manufacturingManufacture of cathodes and drive units, as well as die shops, among other things.

Austin Business Journal on prior notice Tesla plans and renderings,

YouTube video

Read also: Tesla will drive the development of neighborhood, electrification and other industries in Mexico

Tesla, with operations in Texas from April 2022

led by automaker second richest man in the worldElon Musk officially opened his Texas electric vehicle and battery factory in April 2022, hosting a “cyber rodeo” party for shareholders and fans there.

nowadays, Tesla builds some of its Model Y crossover utility vehicles in Austinand also plans to mass-produce its sci-fi-inspired Cybertruck, an unconventional pickup truck.

The company then initially opened its Austin factory and another Vehicle assembly plant on the outskirts of BerlinIn Germany, CEO Musk called both facilities a “huge kettle of money” in an interview with Tesla’s Silicon Valley bosses.

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With information from CNBC

Nation World News Desk
Nation World News Desk
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