Tesla has applied with the Texas state department of licensing for a massive $700 million expansion of Giga factory Texas in Austin. $Tesla Motors(TSLA)$
The Austin Business Journal listed the four projects as part of the expansion:
The largest of the four projects is for a 693,093-square-foot facility called Cell 1. That project also carries the largest price tag with an estimated cost of $368 million. Construction on the project is expected to begin Jan. 23 and complete Feb. 12, 2024.
The project with the next-largest footprint is called Drive Unit and will be 423,032 square feet. That project has an estimated cost of $85 million. Construction is expected to begin Feb. 6 and complete Jan. 15, 2024.
Cathode would be the third-largest project at 321,186 square feet, but the second-most expensive at $260 million. That project has a start date of Jan. 30 and a completion date of Dec. 18. However,
The smallest of the four projects is Cell Test Lab, which will be just 2,560 square feet — a bit bigger than the average Starbucks — and cost an estimated $3.7 million. That project has a start date of Jan. 30 and a completion date of Aug. 25.
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