Tesla plans to spend more than 770 million to

Tesla plans to spend more than $770 million to expand Texas factory

A giant cowboy boot is on display in front of the Tesla Giga Texas manufacturing facility during the ‘Cyber ​​Rodeo’ grand opening party on April 7, 2022 in Austin, Texas.

Susanne Cordeiro | AFP | Getty Images

Tesla has applied to the state of Texas to expand its electric vehicle plant in Austin this year.

January filings with the Texas Department of Licensing and Registration show that Tesla plans to spend more than $770 million there to build facilities including, but not limited to, battery cell testing and manufacturing, cathode and power unit manufacturing, and a toolmaking.

The Austin Business Journal previously reported on Tesla’s plans and documents.

The Elon Musk-led automaker officially opened its electric vehicle and battery factory in Texas in April 2022, hosting a “cyber rodeo” party for shareholders and fans. Today, Tesla makes some of its Model Y crossover utility vehicles in Austin, and plans to mass-produce its sci-fi inspired Cybertruck, an unconventional pickup truck, there as well.

After the company first opened its Austin factory and another vehicle assembly plant outside of Berlin in Germany, CEO Elon Musk called both facilities “gigantic money-making furnaces” in an interview with Tesla Owners Silicon Valley.

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