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Tuesday, January 31, 2023

Tesla Invests $3.6B In Two New Nevada Factories To Build Semis And Cells • TechCrunch

Tesla is investing $3.6 billion to expand its existing Gigafactory in Nevada. Confirming the White House report earlier today, company says It will build two new production facilities in the state — a 100 GWh battery factory and Tesla’s first high-volume semi-truck factory.

The new factories, totaling 4 million square feet, will expand Tesla’s existing Nevada Gigafactory, which makes Model 3 electric motors and battery packs, as well as Tesla’s energy storage products, the Powerwall and Powerpack. The facilities will be built east of Sparks at the Tahoe-Reno Industrial Center.

in december, Tesla finally reveals the first mass-produced version It showed off its long-delayed electric Semi at an event at the company’s Sparks Gigafactory, during which the first Semi was handed over to PepsiCo, Tesla’s first Semi customer. The new factory is expected to deliver semi-finished products in large quantities.

The new battery factory will produce Tesla’s Model 4680 cylindrical lithium-ion batteries, enough to power two million light-duty vehicles a year, the company said.

The news comes a day before Tesla shares its fourth-quarter and full-year 2022 earnings, during which it is expected to address Missed delivery estimates for the fourth quarterImpact vehicle price reduction On margins, it might even be claimed that CEO Elon Musk has been overwhelmed by his Social media company Twitter’s overhaul. Musk is also in the midst of securities fraud trial His infamous “funding secured” tweet in 2018 to take Tesla private never happened.

Tesla’s latest capital push in Nevada reflects a $3.5 billion investment in its first Gigafactory in Sparks in 2014. Since then, the company has invested a total of $6.2 billion in Nevada to build a 5.4 million-square-foot factory that has produced 3.6 million vehicles. Drive units, 1.5 million battery packs, and 7.3 billion battery cells, according to Tesla. The new facility will add 3,000 jobs to the region, the company said.

Tesla did not say when it intends to break ground on the new factory or when it expects to start producing batteries and semi-finished products. Batteries made there will likely go directly to Semis, as Musk has previously said that supply chain challenges and limited battery supplies have caused multiple production delays for the truck.Musk has initial introduction An electric Class 8 truck prototype was launched in 2017, and production was planned for December 2019, but Tesla only succeeded Start production of semi-finished products October 2022.

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