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Tesla invests $3.6 billion to expand Nevada complex with two factories |

24 january (Reuters) – Tesla Inc ( TSLA.O ) said on Tuesday it will expand its Nevada manufacturing complex with two new factories, including the first facility for mass production of the long-delayed Semi electric truck, 3.6 billion said he would invest more than $

The other factory will produce the new battery cells, called 4680, and produce enough batteries for 2 million light trucks a year. About 3,000 people will be employed in the factories.

The Elon Musk-led company’s existing complex in Sparks lithium-ion batteries, car parts and other products such as Powerwall, a power backup system for consumers.

Introduced in 2017, Semi was originally expected to go into production in 2019, but Musk’s PepsiCo ( PEP.O ) car its first delivery was postponed to December. The move marked Tesla’s first foray into the trucking business.

The 18-wheel truck can travel 500 miles on a single charge and carry 81,000 pounds of cargo. For clean commercial vehicles under the Inflation Reduction Act, which went into law in August offer 40,000 USA in the amount of dollars tax may be eligible for loans.

Tesla Chairman Robyn Denholm in November at Tesla’s 2022 10It said it could produce 0 Semis, but the company did not release any numbers in its fourth-quarter production report.

Musk said on a post-earnings call in October that the EV maker aims to produce 50,000 trucks in 2024.

PepsiCo in 2023 100 Semis are planning to produce. Other truck customers include Brewer Anheuser-Busch ( ABI.BR ), United Parcel Service Inc ( UPS.N ) and Walmart Inc ( WMT.N ).

Semi will compete with Daimler ( MBGn.DE ) Freightliner, Volvo ( VOLVb.ST ) and Nikola Corp ( NKLA.O ), which make their own battery trucks.

Reporting by Akash Sriram and Aditya Soni in Bengaluru; Edited by Devika Syamnath

Our standards: Thomson Reuters Trust Principles.

2023-01-25 03:41:34
Source – reuters

Translation“24 HOURS”



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