javascript hit counter
Business, Financial News, U.S and International Breaking News

Tesla plans to spend $3.6 billion extra on battery and truck manufacturing in Nevada

An aerial view of the Tesla Gigafactory close to Sparks, Nevada

Bob Sturdy | Reuters

Tesla plans to spend $3.6 billion extra on expanded battery and heavy obligation truck manufacturing in Nevada, the corporate stated Tuesday on social media.

In keeping with its public statements, Tesla intends to rent 3,000 extra folks throughout two new services finally.

It wasn’t instantly clear whether or not Tesla’s plans increase the corporate’s manufacturing footprint past the property it’s already creating exterior of Reno in Sparks, Nevada.

Tesla stated in an announcement that its new services will embody a 100 GWh battery cell manufacturing unit, the place the corporate expects to have the capability to supply battery cells for two million gentle obligation automobiles yearly, and a high-volume manufacturing unit the place it’ll finally manufacture its class eight heavy-duty, totally electrical truck, the Tesla Semi.

Tesla started development of its first battery manufacturing unit in Nevada in 2014. It operates this plant in the present day with a key cell provider, co-tenant and co-investor within the manufacturing unit, Panasonic. The sprawling manufacturing unit is called GF1, Giga Nevada or the unique Tesla Gigafactory. It primarily manufactures and provides Tesla’s Fremont, California, car meeting plant with high-voltage battery packs.

Republican Nevada Gov. Joe Lombardo revealed particulars about Tesla’s plans for enlargement within the state early on Monday. Tesla confirmed the plans on Tuesday forward of its fourth-quarter earnings replace, which is scheduled for Wednesday after markets shut.

Tesla CEO Elon Musk held a ceremony in Nevada in December to kick off deliveries of the corporate’s Tesla Semi to a key early buyer, PepsiCo. Tesla first introduced its plans to supply the Semi in 2017, and had a focused begin of manufacturing in 2019 that was delayed till 2022. The corporate will not be but manufacturing a excessive quantity of Semi vans, however is making some on the Nevada Gigafactory.

Followers and critics of Tesla have been posting photos of Tesla Semi vans emblazoned with Pepsi Frito Lay branding that they’ve seen on the highway since that announcement, together with some damaged down on the shoulder.

Tesla has but to disclose publicly how a lot every truck prices, and didn’t say what number of it has produced or offered in its fourth-quarter deliveries report.

The corporate is anticipated to share additional particulars on its Semi program in its This fall earnings name.

This text was initially revealed by Learn the authentic article right here.

Comments are closed.