Tesla is investing more than $3.6 billion in its Tesla Gigafactory in Nevada to add two more factories for battery and electric Semi truck production.
- Tesla is adding two new factories to its existing gigafactory in Nevada: a 100 GWh 4680-cell factory and a high-volume Semi factory.
- The 100 GWh 4680 cell factory will create enough batteries yearly for 1.5 million light-duty electric vehicles (EVs).
- Along with the 4 million square feet of new factories, Tesla will also add 3,000 new employees to fill them as the company works towards making sustainable energy possible.
Why it’s news
Tesla made its initial $3.5 billion investment in its Nevada gigafactory in 2014 to make enough batteries to produce 500,000 EVs a year.
Since 2014, the company has invested $6.2 billion, built a 5.4-million-square-foot gigafactory, and provided more than 17,000 jobs to the local Nevada community.
To date, the gigafactory has produced, according to Tesla: 7.3 billion battery cells, 1.5 million battery packs, 3.6 million drive units, and 1 million energy modules.
Now the company is expanding the factory, mainly focusing on batteries and producing its new all-electric Semi. Tesla is investing over $3.6 billion to continue growing the Nevada gigafactory.
The latest investment will build two factories dedicated to battery production and the Semi. The 100 GWh 4680 cell factory will create enough batteries for 1.5 million light-duty electric vehicles (EVs) a year, and the Semi factory will ramp up production to get more Semis on the road.
The company will also add 3,000 jobs to fill the factories and start production.
“It will create more than 3,000 good-paying jobs in Nevada helping America lead in clean energy manufacturing, strengthening our energy security, and ultimately lowering costs for families,” says White House senior adviser Mitch Landrieu.