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Tesla plans to spend more than $770 million on Texas factory expansion

A giant cowboy boot is displayed outside the Tesla Giga Texas manufacturing facility during the grand opening party of the ‘Cyber ​​Rodeo’ in Austin, Texas on April 7, 2022.

Suzanne Cordeiro | AFP | Getty Images

Tesla registered in Texas to expand its electric vehicle plant in Austin this year.

A January filing with the Texas Licensing and Registration Office revealed that Tesla plans to spend more than $770 million to build facilities there, including the battery. cell test When manufacturing industry, cathode When drive unit Manufacturing industry, mold factory, etc.

of Austin Business Journal We previously reported on Tesla’s plans and filings.

of Elon MuskThe led automaker officially opened its electric vehicle and battery factory in Texas in April 2022, where it hosted a “cyber rodeo” party for shareholders and fans. Tesla currently manufactures some of its Model Y crossover utility vehicles in Austin, and plans to mass-produce his truck, the Cybertruck, an unconventional, science-fiction-inspired pickup, in Austin as well.

After the company first opened its Austin factory and then another vehicle assembly plant outside Berlin, Germany, CEO Musk said both facilities had “ahuge money furnace,” in an interview with Tesla owner Silicon Valley. Tesla plans to spend more than $770 million on Texas factory expansion

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