scorecardresearch
Thursday, April 25, 2024
Support Our Journalism
HomeTechTesla to invest over $3.6 billion to build two new factories in...

Tesla to invest over $3.6 billion to build two new factories in Nevada

Follow Us :
Text Size:

(Reuters) -Tesla Inc said on Tuesday it would invest more than $3.6 billion to build two new factories in the U.S. state of Nevada, including the first facility to mass produce its Semi electric heavy-duty truck.

The other factory will be dedicated to battery production and will have the capacity to make enough batteries for 2 million light-duty vehicles annually.

Together, the plants will employ about 3,000 people.

Unveiled in 2017, the Semi was initially expected to go into production in 2019 but its first delivery was delayed to December, when Chief Executive Elon Musk handed a vehicle to PepsiCo. The move marked Tesla’s first foray into the trucking business.

(Reporting by Akash Sriram and Aditya Soni in Bengaluru; Editing by Devika Syamnath)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular