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Tesla invests $3.6 bn in Nevada, will add 3k new team members
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IANS | 26 Jan, 2023
Elon Musk-owned Tesla has announced that it will be investing over $3.6
billion more to continue growing its Gigafactory in Nevada in the US,
and will also add 3,000 new members to the team.
The
company also said that it will add two new factories -- a 100 GWh 4680
cell factory (with a capacity to produce enough batteries for 1.5
million light-duty vehicles annually), as well as its first high-volume
Semi factory.
"Semi is our fully electric combination truck, with
500 miles of range and energy consumption of less than 2 KWh per mile,"
said Tesla in a blogpost.
In 2014, Tesla invested $3.5 billion
in Nevada with its first Gigafactory to build a facility capable of
producing 35 GWh of battery cells annually -- enough to manufacture
about 500,000 vehicles per year.
Moreover, the electric car-maker
said -- it has invested $6.2 billion in Nevada and built a 5.4 million
square foot Gigafactory since 2014.
The buildout alone provided 17,000 local construction jobs, the blogpost mentioned.
Meanwhile,
Tesla drastically lowered the prices of EVs across its lineup in the US
and Europe, in an effort to boost sales as its stock plummeted more
than 60 per cent.
The least expensive EV, the Model 3 RWD, has dropped from $46,990 to $43,990.
Moreover, the 5-seat Model Y Long Range's price decreased 20 per cent from $65,990 to $52,990.
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