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Tesla set to spend $770 million increasing Texas Gigafactory

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Electrical automobile producer Tesla has notified the state of Texas of its plans to spend upward of $770 million increasing its already immense Austin-based manufacturing unit.

A few of these initiatives are resulting from begin development inside a matter of weeks.

The Texas Division of Licensing and Regulation filings displaying growth prices on the Austin location.
Picture: Texas Division of Licensing and Regulation

The aptly named “Gigafactory Texas” opened in April 2022 and has over 10 million sq. ft of flooring house (round 100 soccer fields), making it the second-largest constructing by quantity on the planet. The ability is Tesla’s fourth manufacturing unit within the US and is at the moment used to fabricate some Tesla Mannequin Y automobiles, with plans to provide the corporate’s long-delayed Cybertruck someday in 2023.

Tesla shall be livestreaming its investor day on March 1st, 2023, from the Texas Gigafactory. Hopefully, we’ll get extra details about the growth then between Musk’s makes an attempt to placate traders.

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