Tesla Announces $3.6B Nevada Investment For Semi, 4680 Cell Production

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Tesla Announces $3.6B Nevada Investment For Semi, 4680 Cell Production via insideevs.com

, and the company's announcement doesn't make it clear whether that facility will be expanded into a full-blown manufacturing plant for the Semi or production will move to Gigafactory Nevada's main building.

The latter appears to be more likely when looking at the new rendering of the plant released by Tesla that shows Semi tractors exiting the building through the left side of the main entrance. We may learn more about Tesla's $3.6 billion investment in Gigafactory Nevada later today when the company is scheduled to release its earnings report for the fourth quarter of 2022.

Regardless of the technicalities of the investment, it's great news for Tesla and Nevada, not to mention the market for all-electric Class 8 semi trucks. The White House acknowledged the importance of Tesla's new investment after"The manufacturing boom of President Biden's first two years continues today with Tesla's announcement that they will invest more than $3.6 billion in battery and electric semi-truck manufacturing in Sparks, Nevada.

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