Musk’s Tesla Plans $776M Expansion In Texas

FILE - Elon Musk, Tesla CEO, attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, March 22, 2022. Tesla CEO Elon Musk has proposed a peace plan for Ukraine that would involve holding repeat votes under the U.N. auspices in Russia-occupied regions, triggering a showdown with Ukrainian Twitter users who have rejected his proposals in a stream of furious comments. (Patrick Pleul/Pool via AP, File)

At a glance

  • 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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