Tesla plans Texas factory expansion

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Tesla plans to expand its electric vehicle factory in Austin this year and has registered to do so with the state of Texas. This act is thought to provide more jobs for the area. 

Tesla has plans to spend upward of $770 million on the construction of facilities which include spaces for battery cell testing, manufacturing, cathode and drive unit manufacturing, and a die shop according to filings in January with the Texas Department of Licensing and Registration. 

In April of 2022, Tesla, led by Elon Musk, hosted a “cyber rodeo” party for shareholders and fans after officially opening its Texas electric vehicle and battery factory. According to CNBC, Tesla manufactures some of its Model Y crossover utility vehicles in Austin. They also have plans to mass-manufacture the Cybertruck. The Cybertruck is inspired by science fiction and is known for being unconventional compared to other models of trucks in this time period.

Construction on the facilities should start later this month and end in early 2024.