Tesla accelerates in electric truck and doubles down on its Nevada ‘gigafactory’

Posted January 25, 2023 6:56 AMUpdated January 25, 2023 12:39 pm.

Elon Musk doubles down on his American industrial tool. Electric vehicle maker Tesla just announced an investment of more than $3.6 billion to expand its Nevada “gigafactory” that, among other things, produces its electric truck called “Semi”.

This amount slightly exceeds the initial investment in the construction of the plant, which in 2014 amounted to $ 3.5 billion, reminds Tesla. The Nevada plant, located in the desert near Reno, is Tesla’s first mega-factory and began making batteries in 2017.

Two factories

However, in fact, two new plants will be created, the manufacturer specifies: the first will produce cells for batteries, “the capacity of which is enough to produce batteries for 1.5 million cars a year,” and the second will be “the first large-scale plant for the production of semi-finished products.”

The electric semi-trailer market, which Tesla has really just entered, announcing in December and three years late the delivery of the first car to PepsiCo. The electric vehicle maker plans to produce 50,000 battery-powered trucks in North America by 2024.

These new investments must be accompanied by the recruitment of new employees. Tesla plans to recruit 3,000 people. Since the construction announcement in 2014, Tesla has invested $6.2 billion in Nevada and directly employed more than 11,000 people. At the same time, the manufacturer’s investment would create about 17,000 indirect jobs in Nevada.

Record deliveries in 2023

This announcement came just hours before the release of the company’s fourth-quarter results, and therefore all of 2022. In early January, the manufacturer reported that it had produced more than 439,000 vehicles and delivered a record number of 405,000 in the past three years. months of the year. That means more than 1.3 million vehicles have been delivered in the last year – an explosive growth of 40% in one year, which hasn’t particularly pleased Wall Street, which always expects more from a firm run by the unpredictable Elon Musk.

Tesla now has four more “gigafactories” in New York, Shanghai, Berlin and Texas. The latest, most recent, has been running since the end of 2021.

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