‘An Incredible Investment’: Tesla Announces Two New Factories, $3.6 Billion Investment In Nevada

‘An Incredible Investment’: Tesla Announces Two New Factories, $3.6 Billion Investment In Nevada


Tesla unveiled intentions to build two more factories and hire thousands of people in the state of Nevada.

The company has invested some $6.2 billion in the Silver State over the past nine years, according to a press release from the electric automaker. The new investment of $3.6 billion will allow for updates to Gigafactory Nevada, one of the world’s highest volume plants for electric motors and batteries, as well as a cell factory capable of producing enough batteries for 1.5 million vehicles each year and the first high-volume Tesla Semi factory.

“Thank you to the Tesla team, our supply chain partners and the local community that has made accelerating the world’s transition to sustainable energy possible at Gigafactory Nevada,” the company’s statement said.

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The new facilities will

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