Tesla Announces $3.6 Billion in Giga Nevada, Scaling Up Semi and 4680 Battery Cells

On Monday evening, Nevada Governor Joe Lombardo’s 2023 State of the State speech revealed Tesla is set to announce a new manufacturing facility in northern Nevada on Tuesday.

Today, President Joe Biden and the White House confirmed what Lombardo said and now Tesla has confirmed the announcement itself.

“We 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 2 million light duty vehicles annually), as well as our first high-volume Semi factory,” said Tesla on Tuesday.

Semi is our fully electric combination truck, with 500 miles of range and energy consumption of less than 2 KWh per mile,” it reiterated.

“Thank you to the Tesla team, our supply chain partners and the local community that has made accelerating the world’s transition to sustainable energy possible at Gigafactory Nevada,” said the company.

Tesla says since 2014, they have invested $6.2 billion in Nevada and constructed a 5.4 million square foot Gigafactory, which it calls “a cornerstone of our mission to accelerate the world’s transition to sustainable energy.”

Giga Nevada’s buildout alone offered 17,000 local construction jobs, said Tesla..

Here are Gigafactory Nevada milestones so far, according to Tesla, which hired over 11,000 employees for these achievements:

  • 7.3 billion battery cells (37 GWh+ annually)
  • 1.5 million battery packs
  • 3.6 million drive units
  • 1 million energy modules (14 GWh+ total)

“The manufacturing boom of President Biden’s first two years continues today with Tesla’s announcement that they will invest more than $3.6 billion in battery and electric semi-truck manufacturing in Sparks, Nevada,” said Mitch Landrieu, Biden’s infrastructure chief, reports 2News.

“This announcement is the latest in more than $300 billion in private sector investment in clean energy and semiconductor manufacturing announced since the President took office. It will create more than 3,000 good-paying jobs in Nevada helping America lead in clean energy manufacturing, strengthening our energy security, and ultimately lowering costs for families,” added Landrieu.

Tesla previously said during its Q3 earnings call it would ramp up its electric Semi truck production in 2023, with a target of 50,000 produced by 2024.

The electric automaker is set to announce its Q4 earnings and full year 2022 results on Wednesday. You can be sure Elon Musk and company will be talking about its new investments in Nevada, where its Gigafactory is located in Sparks.

Lombardo tonight also shared he got a tour of Giga Nevada from Tesla CEO Elon Musk:

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