Tesla plans to spend more than $770 million on Texas factory expansion

A large cowboy boot is on display screen outside the house the Tesla Giga Texas manufacturing facility through the “Cyber Rodeo” grand opening social gathering on April 7, 2022 in Austin, Texas.

Suzanne Cordeiro | AFP | Getty Photographs

Tesla has registered with the state of Texas to extend its electric powered vehicle factory in Austin this 12 months.

January filings with the Texas Division of Licensing and Regulation expose that Tesla ideas to commit upward of $770 million on the construction of facilities there, which includes for battery cell screening and producing, cathode and drive unit producing, and a die store, between other matters.

The Austin Enterprise Journal beforehand described on Tesla’s plans and filings.

The Elon Musk-led automaker formally opened its Texas electric powered vehicle and battery factory in April 2022, web hosting a “cyber rodeo” party for shareholders and admirers there. Today, Tesla manufactures some of its Model Y crossover utility automobiles in Austin, and strategies to mass manufacture its science fiction encouraged Cybertruck, an unconventional pickup, there as effectively.

Soon after the organization initially opened its Austin factory, and another automobile assembly plant exterior of Berlin in Germany, CEO Musk known as both equally services “gigantic money furnaces,” in an interview with Tesla Proprietors Silicon Valley.