Tesla invests $3.6B in two new Nevada factories to build Semis and cells

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Tesla is investing $3.6 billion into increasing its current gigafactory in Nevada. Confirming White House studies from earlier at present, the corporate said it should build two new manufacturing amenities in the state — a 100-gigawatt-hour battery cell manufacturing unit and Tesla’s first high-volume Semi truck manufacturing unit.

Taking up a mixed 4 million sq. toes of house, the brand new factories will broaden on Tesla’s current Nevada gigafactory, which is dwelling to Model 3 electrical motors and battery packs, in addition to Tesla’s energy storage merchandise Powerwall and Powerpack. The amenities shall be constructed east of Sparks on the Tahoe-Reno Industrial Center.

In December, Tesla lastly revealed the first manufacturing variations of its long-delayed electrical Semi throughout an occasion on the firm’s gigafactory in Sparks, throughout which the first Semis have been handed over to Pepsi, Tesla’s first Semi buyer. The new manufacturing unit is predicted to ship Semis at high quantity.

The new cell manufacturing unit will produce Tesla’s 4680-type cylindrical lithium-ion battery cells with capability to provide sufficient batteries for two million light-duty automobiles yearly, the corporate said.

The information comes a day before Tesla shares its fourth-quarter and full-year 2022 earnings, throughout which Tesla is predicted to handle missed This fall supply estimates, the results of car price cuts on margins and maybe even claims that CEO Elon Musk has been distracted by his overhaul of social media firm Twitter. Musk is also in the center of a securities fraud trial over his notorious 2018 “funding secured” tweet to take Tesla non-public, which didn’t end up taking place.

Tesla’s newest capital push in Nevada mirrors its $3.5 billion funding into its first gigafactory in Sparks in 2014. Since then, the corporate has invested a complete of $6.2 billion in Nevada, constructing a 5.4-million-square-foot facility that has produced 3.6 million drive items, 1.5 million battery packs and seven.3 billion battery cells, in keeping with Tesla. The firm said the brand new amenities will add 3,000 jobs to the area.

Tesla didn’t say when it intends to interrupt floor on the brand new factories, nor when it expects to begin manufacturing on cells and Semis. It’s seemingly that the cells produced there’ll go instantly into Semis, since Musk had beforehand said supply chain challenges and restricted availability of battery cells contributed to the a number of manufacturing delays of the truck. Musk had initially introduced an electrical Class 8 truck prototype in 2017 and deliberate to begin manufacturing in December 2019, however Tesla only managed to begin producing Semis in October 2022.

Tesla invests $3.6B in two new Nevada factories to build Semis and cells by Rebecca Bellan initially printed on TechCrunch


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