Tesla, the electric car manufacturer, announced plans to invest over $3.6 billion to expand its operations at the Gigafactory Nevada, adding 3,000 new team members and two new factories. This marks the company’s continued commitment to Nevada, where it first invested $3.5 billion in 2014 to build the first Gigafactory with a goal of producing 35 GWh of battery cells annually.
Since then, the company has invested an additional $6.2 billion in Nevada and built a 5.4 million square foot Gigafactory. The team at Gigafactory Nevada has already achieved impressive milestones, producing 7.3 billion battery cells, 1.5 million battery packs, 3.6 million drive units and 1 million energy modules. With this new investment, Tesla plans to further expand its operations in Nevada by building a 100 GWh 4680 cell factory that will have the capacity to produce enough batteries for 1.5 million light-duty vehicles annually.
The second factory will be the company’s first high-volume Semi factory. Tesla’s continued investment in Nevada reflects its confidence in the state’s skilled workforce and supportive business environment. This expansion will also bring significant economic benefits to Nevada, creating 3,000 new jobs and further solidifying the state’s position as a leader in the electric vehicle industry.