The Clap Tesla (NASDAQ:TSLA) is planning to spend more than $770mn to expand its EV facility in Texas.
What The company will build facilities for battery cell testing and manufacturing, cathode and drive unit manufacturing, in addition to several other facilities.
So What After the factory was established in April 2022, Tesla CEO Elon Musk referred to the factory as a “money furnace”. Now, the factory manufactures some of Tesla’s Model Y EVs and could potentially be one of the main factories to manufacture the Cybertruck.
Now What Tesla already registered with the state to expand its factory in 2023.