On January 24, 2023, Tesla Inc. unveiled plans for a $3.6 billion expansion of its Gigafactory in Nevada that would nearly triple the company’s U.S. production of battery cells and produce large numbers of electric combination trucks.[1] In 2014, Tesla said that it would invest $3.5 billion in building the world’s first Gigafactory to produce EV batteries near Reno, Nevada. The new expansion will add 3,000 permanent workers to the 11,000 it already hired there. Tesla will add two new factories: a battery cell factory and a high-volume truck factory. Tesla said its new factory would produce 100 GWh of battery cells annually, nearly triple the 37 GWh average annual production of its existing building. The cells will be Tesla’s proprietary 4680 cell, a larger-format battery produced in collaboration with Panasonic Holdings Corp.

[1] https://www.tesla.com/blog/continuing-our-investment-nevada