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

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Tesla is investing $3.6 billion into increasing its current gigafactory in Nevada. Confirming White Home reviews from earlier at this time, the company said it’s going to construct two new manufacturing amenities within the state — a 100-gigawatt-hour battery cell manufacturing facility and Tesla’s first high-volume Semi truck manufacturing facility.

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

In December, Tesla finally revealed the first production versions of its long-delayed electrical Semi throughout an occasion on the firm’s gigafactory in Sparks, throughout which the primary Semis had been handed over to Pepsi, Tesla’s first Semi buyer. The brand new manufacturing facility is predicted to ship Semis at excessive quantity.

The brand new cell manufacturing facility 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 mentioned.

The information comes a day earlier than Tesla shares its fourth-quarter and full-year 2022 earnings, throughout which Tesla is predicted to handle missed Q4 delivery estimates, the consequences of vehicle price cuts on margins and maybe even claims that CEO Elon Musk has been distracted by his overhaul of social media company Twitter. Musk can be in the midst of a securities fraud trial over his notorious 2018 “funding secured” tweet to take Tesla personal, which didn’t find yourself 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 response to Tesla. The corporate mentioned 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 is doubtless that the cells produced there’ll go immediately into Semis, since Musk had beforehand mentioned provide chain challenges and restricted availability of battery cells contributed to the a number of manufacturing delays of the truck. Musk had originally introduced an electrical Class 8 truck prototype in 2017 and deliberate to begin manufacturing in December 2019, however Tesla solely managed to start producing Semis in October 2022.

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