Skip to Content

Tesla will invest $3.6B in Nevada truck factory expansion


Associated Press

SPARKS, Nev. (AP) — Tesla says it intends to invest $3.6 billion to expand manufacturing capabilities in Nevada and is confident growing software-related profits will keep margins higher than any other automaker. The company confirmed it plans to produce high volumes of semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually in Nevada. The Austin, Texas, maker of electric vehicles and solar panels posted record net income Wednesday for the fourth quarter of last year. The Nevada expansion advances Tesla’s plans to make 50,000 trucks in North America in 2024. The White House said the expansion is proof of a continued manufacturing boom since President Biden took office.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press


KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content