Tesla to Invest $3.6 Billion in NV Factory
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Tesla to Invest $3.6 Billion in NV Factory

Tesla announces $3.6b Semi, 4680 battery factories in Nevada but questions abound

Tesla has announced plans to invest up to $3.6 billion in a new Nevada factory that will build its electric Semi and 4680 battery cells.

Tesla is investing $3.6 billion more into its $6.2 billion Nevada Gigafactory as part of an expansion that will add as many as 3,000 new team members and two new production lines.

The first is a 100 GWh 4680 battery cell factory with capacity to produce enough batteries for up to 1.5 million light duty vehicles, annually. The second is the copmany’s first, “high-volume” Tesla Semi factory.

Tesla claims that the production version of its all-electric Semi, which has received harsh criticism from a number drivers on over the road trucking forums, will offer up to 500 miles of range and energy consumption of less than 2 KWh per mile.

Companies like Frito-Lay/Pepsi, UPS, Walmart, and others placed orders for the Semi when it was first announced way back in 2017 – and, while Pepsi has received an initial batch of pre-production trucks in recent months, it remains to be seen whether or not some of the larger initial orders still stand, or if the companies have moved on to other options in the interim years.

The factory announcement arrived yesterday, just before Tesla’s Q4 2022 earnings report, which is certainly– let’s go with “interesting” timing, considering Tesla missed its Q3 estimates and lowered prices a few times towards the end of last year, seemingly in a bid to boost waning demand in an effort to meet Q4 targets. We’ll keep you posted on developments there as they become available.

 

SOURCE | IMAGES: TESLA, VIA ELECTREK.

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AUTHOR: 

JO BORRAS (EIC)

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