Tesla to construct $3.5B Semi truck plant in Nevada, White Home says

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Tesla (TSLA) is constructing one other manufacturing facility — in a state the place it has an present toehold.

Final evening in his state of the state handle, Nevada Governor Joe Lombardo talked about that Tesla would quickly be constructing its new Semi electric truck in the state.

“I’m wanting ahead to becoming a member of Elon Musk and the crew at Tesla tomorrow once they unveil plans to construct a model new $3.5 billion superior manufacturing facility in northern Nevada for the corporate’s all-electric semi-trucks,” Lombardo mentioned final evening from the Nevada State Capitol in Carson Metropolis.

Per the Las Vegas Evaluation Journal, the White Home at the moment confirmed those plans, asserting that Tesla would construct a brand new facility east of Sparks, Nevada on the Tahoe-Reno Industrial Heart.

“This announcement is the most recent in additional than $300 billion in personal sector funding in clear vitality and semiconductor manufacturing introduced for the reason that President took workplace,” mentioned Mitch Landrieu, President Joe Biden’s Infrastructure Coordinator. “It is going to create greater than 3,000 good-paying jobs in Nevada serving to America lead in clear vitality manufacturing, strengthening our vitality safety, and in the end decreasing prices for households.”

Few particulars got or different specifics on the brand new manufacturing facility. The governor’s workplace didn’t give out any extra info on an occasion with Tesla execs, and didn’t instantly reply to Yahoo Finance’s request for extra info.

Tesla had beforehand acknowledged it was going to construct the Tesla Semi at its Giga Austin plant. Tesla simply final month delivered its first Semi’s to launch client PepsiCo, which is at present utilizing the Semi’s at its Modesto, California, Frito-Lay distribution facility.

Tesla Semi at Frito-Lay Facility in Modesto, CA

EV weblog Electrek had beforehand reported Tesla was going to construct a manufacturing line for the Semi at its present Gigafactory Nevada plant situated close to Reno, the place Tesla at present produces battery packs and different EV parts.

Buyers and analysts will doubtless study extra about Tesla’s enlargement plans throughout tomorrow’s This fall earnings launch after the bell and the corporate’s investor convention name beginning at 5:30 p.m. ET. Tesla has mentioned it would additionally reveal extra info on its enlargement plans at this investor day on March 1, presumably addressing rumors that it’ll construct a brand new Giga manufacturing unit in Mexico and even Indonesia, as has been beforehand reported.

Programming be aware: Dive into Tesla’s This fall earnings with Yahoo Finance’s Brian Sozzi, Brad Smith, and Pras Subramanian. We’ll go instantly after the investor name Wednesday.

Pras Subramanian is a reporter for Yahoo Finance. You possibly can observe him on Twitter and on Instagram.

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