Tesla to Spend $717 Million on Giga Texas Expansion, Shows Filing
Continued expansion plans at Tesla’s newest factory are developing well, and a new filing shows that Tesla’s set to make a major investment into building out the Texas plant.
Tesla is planning to spend $717 million on expansion plans to its Gigafactory Texas, as spotted in filings with the Texas Department of Licensing and Regulation dated January 9, reports Austin Business Journal.
The expansion plans could start by the end of this month, and the filing documents four new buildings at the Austin, Texas site — totaling another 1.4 million square feet at the 1 Tesla Rd. plant.
Tesla’s 2023 Investor Day Set for March 1 at Giga Texas https://t.co/IZ1UyTVwal
— TeslaNorth.com (@RealTeslaNorth) January 2, 2023
Although Tesla declined to comment on the plans (the company never does, really), recent public filings and drone videos of Giga Texas seem to indicate major construction plans, including a 174,979-square-foot infrastructure building — costing the automaker $58 million on its own.
In June, Tesla filed a permit for a 500,000-square-foot expansion which will feature two separate floors.
A recent video also spotted additional robot hardware for Cybertruck production at Giga Texas, set to begin later this year. In October, Italian casting machine manufacturer IDRA shared photos of the 9,000-ton “Giga Press,” which will build the Cybertruck, as it was packaged ahead of being shipped to the Austin factory.
Tesla is also hiring for Cybertruck production at Giga Texas, as seen in job listings that surfaced a few months ago.