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Tesla Announces $3.6 Billion New Investment in Nevada

Tesla will invest $3.6 billion more to grow Gigafactory Nevada, adding 3,000 employees and two new factories.

Tesla gigafactory rendering (Courtesy of Tesla)

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Tesla announced a $3.6 billion new investment in Nevada, adding two new manufacturing facilities to Gigafactory Nevada. This site is located less than an hour from Lake Tahoe, NV.

The new facility was initially being planned in 2014, and the goal was to build a facility capable of producing 35 GWh of battery cells annually—enough to manufacture about 500,000 vehicles per year. This level of battery manufacturing was unprecedented for a single facility at the time, with the expected output being greater than all global battery production in 2013 combined.

Since 2014, Tesla has invested $6.2 billion in Nevada and built a 5.4 million square foot Gigafactory, and that project alone provided 17,000 local construction jobs and hired more than 11,000 team members.

Tesla will be investing over $3.6 billion more to continue growing Gigafactory Nevada, adding 3,000 new team members and two new factories: a 100 GWh 4680 cell factory (with capacity to produce enough batteries for 1.5 million light duty vehicles annually), as well as its first high-volume Semi factory. Semi is Tesla's fully electric combination truck, with 500 miles of range and energy consumption of less than 2 KWh per mile.