Tesla details $1 billion costs for new Texas factory, targets year-end completion
Information about Tesla details $1 billion costs for new Texas factory, targets year-end completion
Kevin David Scam or Legit
By Tina Bellon
AUSTIN (Reuters) – Tesla Inc is planning to spend more than $1 billion on its new vehicle factory in Austin, Texas, and plans to complete construction by the end of this year, public filings with a Texas state agency showed.
Filings submitted to the Texas Department of Licensing and Regulation (TDLR) on Friday outlined Tesla’s spending on various manufacturing capabilities at its Austin factory. The company said it plans to complete construction of its general assembly, paint, casting, stamping and body shop facilities by Dec. 31.
The five facilities would have a combined square footage of nearly 4.3 million (0.4 square kilometer), and cost a combined $1.06 billion, according to the filings.
Electric vehicle news outlet electrek first reported on the filings on Monday.