Tesla will invest $3.6B in Nevada truck factory expansion

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Tesla will invest $3.6B in Nevada truck factory expansion
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Tesla said it intends to invest $3.6 billion to expand manufacturing capabilities in Nevada:

This photo provided by the Nevada Governor's Office shows Nevada Gov. Joe Lombardo, center, during a tour of the Tesla Gigafactory on Tuesday, Jan. 24, 2023 at the Truckee-Reno Industrial Center east of Sparks, Nev. Tesla has confirmed it intends to invest $3.6 billion to expand its manufacturing capabilities in Nevada for"high-volume" production of semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually. – Tesla said it intends to invest $3.

The project actually will expand an existing operation at the Truckee Reno Industrial Center, about 20 miles east of Reno-Sparks along Interstate 80. But the plan takes the company a step closer to accomplishing previously announced plans to ramp up Tesla Semi production to make 50,000 trucks in North America in 2024.

Tesla’s statement on its blog site late Tuesday said that since 2014 the company has invested $6.2 billion in Nevada and built the 5.4-million-square-foot “Gigafactory.”

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