Tesla is investing $3.6 billion into increasing its present gigafactory in Nevada. Confirming White Home experiences from earlier right this moment, the corporate mentioned it would construct two new manufacturing services within the state — a 100-gigawatt-hour battery cell manufacturing facility and Tesla’s first high-volume Semi truck manufacturing facility.
Taking over a mixed 4 million sq. ft of area, the brand new factories will broaden on Tesla’s present Nevada gigafactory, which is house to Mannequin 3 electrical motors and battery packs, in addition to Tesla’s power storage merchandise Powerwall and Powerpack. The services will probably be constructed east of Sparks on the Tahoe-Reno Industrial Heart.
In December, Tesla lastly revealed the primary manufacturing variations of its long-delayed electrical Semi throughout an occasion on the firm’s gigafactory in Sparks, throughout which the primary Semis have been handed over to Pepsi, Tesla’s first Semi buyer. The brand new manufacturing facility is predicted to ship Semis at excessive quantity.
The brand new cell manufacturing facility will produce Tesla’s 4680-type cylindrical lithium-ion battery cells with capability to supply sufficient batteries for two million light-duty autos yearly, the corporate mentioned.
The information comes a day earlier than Tesla shares its fourth-quarter and full-year 2022 earnings, throughout which Tesla is predicted to handle missed This autumn supply estimates, the consequences of car value cuts on margins and maybe even claims that CEO Elon Musk has been distracted by his overhaul of social media firm Twitter. Musk can also be in the course of a securities fraud trial over his notorious 2018 “funding secured” tweet to take Tesla non-public, which didn’t find yourself taking place.
Tesla’s newest capital push in Nevada mirrors its $3.5 billion funding into its first gigafactory in Sparks in 2014. Since then, the corporate has invested a complete of $6.2 billion in Nevada, constructing a 5.4-million-square-foot facility that has produced 3.6 million drive models, 1.5 million battery packs and seven.3 billion battery cells, in response to Tesla. The corporate mentioned the brand new services will add 3,000 jobs to the area.
Tesla didn’t say when it intends to interrupt floor on the brand new factories, nor when it expects to begin manufacturing on cells and Semis. It’s doubtless that the cells produced there’ll go immediately into Semis, since Musk had beforehand mentioned provide chain challenges and restricted availability of battery cells contributed to the a number of manufacturing delays of the truck. Musk had initially launched an electrical Class 8 truck prototype in 2017 and deliberate to begin manufacturing in December 2019, however Tesla solely managed to begin producing Semis in October 2022.