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Tesla Stock Gained 2% after Filing for $776 Mln Expansion of Texas Gigafactory

Tiger Newspress2023-01-11

Tesla stock gained 2% after filing for $776 mln expansion of Texas gigafactory.Tesla Inc has applied to expand its gigafactory in Austin, Texas, with an investment totaling $775.7 million, according to filings on the Texas state department of licensing's website on Monday and Tuesday.

The electric vehicle maker plans to add five new facilities, including a cell test lab and a unit named "Cathode", the filings showed.

Tesla did not immediately respond to a Reuters request for comment.

The company is expected to host its investor day on March 1 at the Austin facility and will likely disclose plans for expansion and capital allocation.

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Comment12

  • Miker9110
    ·2023-01-14
    K
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  • NickHow
    ·2023-01-12
    Cool 
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  • NPC69
    ·2023-01-11
    K
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  • SNeo
    ·2023-01-11
    [What] 
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  • Aeron2020
    ·2023-01-11
    ok
    Reply
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    • Zeruel
      😂
      2023-01-12
      Reply
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    • Aeron2020
      [Duh]
      2023-01-11
      Reply
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  • shuzyst
    ·2023-01-11
    Ok
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  • Bodoh
    ·2023-01-11
    Awesome
    Reply
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    • shuzyst
      o
      2023-01-11
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  • KYBoo
    ·2023-01-11
    Bb
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    • KYBoo
      hh
      2023-01-11
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  • BeRich
    ·2023-01-11
    Ok
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  • Miker9110
    ·2023-01-11
    K
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  • LimBT
    ·2023-01-11
    EV market very good ahead
    Reply
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  • hitithard
    ·2023-01-11
    Warm
    Reply
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