Tesla to invest over $3.6 billion to build two new factories in Nevada
Tesla said on Tuesday it would invest more than US$3.6 billion to build two new factories in the US 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.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.
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Tesla to invest over US$3.6 billion in Nevada to build two new factoriesTesla said on Tuesday that it would invest more than US$3.6 billion to build two new factories in the US state of Nevada as it looks to ramp up production of its electric vehicles.
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