Tesla designs to devote extra than $770 million on Texas manufacturing unit growth

Tesla designs to devote extra than 0 million on Texas manufacturing unit growth


A giant cowboy boot is on show outdoors the Tesla Giga Texas manufacturing facility through the “Cyber Rodeo” grand opening celebration on April 7, 2022 in Austin, Texas.

Suzanne Cordeiro | AFP | Getty Visuals

Tesla has registered with the point out of Texas to grow its electric powered vehicle factory in Austin this 12 months.

January filings with the Texas Office of Licensing and Registration reveal that Tesla designs to spend upwards of $770 million on the development of services there, which include for battery cell testing and producing, cathode and travel unit producing, and a die store, among other things.

The Austin Enterprise Journal beforehand claimed on Tesla’s plans and filings.

The Elon Musk-led automaker officially opened its Texas electric powered car or truck and battery factory in April 2022, hosting a “cyber rodeo” get together for shareholders and followers there. Right now, Tesla manufactures some of its Design Y crossover utility autos in Austin, and designs to mass-manufacture its science fiction influenced Cybertruck, an unconventional pickup, there as properly.

Following the company originally opened up its Austin manufacturing facility, and one more car assembly plant outdoors of Berlin in Germany, CEO Elon Musk known as the two amenities “gigantic cash furnaces,” in an job interview with Tesla Proprietors Silicon Valley.

The fundamental issue facing Tesla is a pull-back in demand, says Bernstein's Toni Sacconaghi



Supply

Elon Musk’s X says Indian government ordered over 2,000 accounts blocked, including Reuters
Technology

Elon Musk’s X says Indian government ordered over 2,000 accounts blocked, including Reuters

Indian Prime Minister Narendra Modi arrives at the White House to meet with U.S. President Donald Trump on Feb. 13, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images Elon Musk’s X said Tuesday that the Indian government ordered the company to block 2,355 accounts, including Reuters, in the country. “The […]

Read More
Southeast Asia needn’t take sides in US-China tech rivalry. It can learn from both, experts say
Technology

Southeast Asia needn’t take sides in US-China tech rivalry. It can learn from both, experts say

A woman holds a cell phone featuring the DeepSeek logo, with the Nvidia logo displayed in the background. Nurphoto | Nurphoto | Getty Images As China and the U.S. compete in artificial intelligence, Southeast Asia should draw from the best of both countries while building its own technologies, panelists said at CNBC’s East Tech West […]

Read More
Samsung expects second-quarter profits to more than halve as it struggles to capture AI demand
Technology

Samsung expects second-quarter profits to more than halve as it struggles to capture AI demand

Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images South Korea’s Samsung Electronics on Tuesday forecast a 56% fall in profits for the second quarter as the company struggles to capture demand from artificial intelligence chip leader […]

Read More