Tesla Gigafactory Texas Filings Approved for $1.06 Billion Spend on First Phase

Earlier this month, Tesla filed for final approve of its new Gigafactory in Austin, Texas, detailing $1.06 billion in spending for its first phase.

Five filings were made detailing Tesla’s intended type of work, funds to be spent and scope of work at Gigafactory Texas, including reviews requested for:

  • Body In White (Cost: $182 million USD)
  • Stamping (Cost: $150million USD)
  • Casting (Cost: $109 million USD)
  • Paint (Cost: $126 million USD)
  • General Assembly (Cost:  $493 million USD)

As of Monday morning, the “current status” of these five filings are now showing as “Review Complete”, notes @SawyerMerritt, as approval has come just 10 days after being submitted to the Texas Department of Licensing and Regulation.

Giga texas approved

Tesla listed start dates of Giga Austin as November 1, 2020 and a completion date of December 31, 2021 for its filings.

So far, Tesla’s Texas Gigafactory has been ramping up for production for months now, as many have spotted the company’s pre-production units of its Model Y compact crossover SUV. Tesla also shared teaser images in its most recent quarterly earnings slide deck.

You can check out the latest flyover of the Giga Texas from November 28, 2021 below, by Jeff Roberts:

YouTube video