Musk’s Tesla Plans $776M Expansion In Texas

  • Tesla is planning to invest nearly $776 million to expand its gigafactory in Texas, according to online filings with the state.
  • The plan will include adding five new facilities to the company’s Austin site, including a cell test lab, a unit named “Cathode,” and drive unit manufacturing facilities, the filings say.
  • Construction on some of these projects is scheduled to start in a matter of weeks.
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