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Tesla invests $3.6 billion to expand Nevada truck plant

SPARKS, Nevada (AP) — Tesla said it intends to invest $3.6 billion to expand manufacturing capacity in Nevada and is confident that rising software-related profits reflected in record fourth-quarter net income released on Wednesday last year, will maintain profits at a higher level. than any other automaker.

The company confirmed its plans to produce high volume semi-trailers and produce enough batteries for 2 million light duty vehicles per year in Nevada.

Nevada Gov. Joe Lombardo tweeted a photo of himself and CEO Elon Musk late Tuesday night after the newly elected Republican announced in his first State of the Union address on Monday night that Tesla has committed to building a “brand new” electric plant. trucks. in northern Nevada.

The project will effectively expand existing production at the Truckee Reno Industrial Center, about 20 miles (32 km) east of Reno-Sparks along Interstate 80. But the plan brings the company closer to fulfilling previously announced plans to expand the Tesla Semi. production to produce 50,000 trucks in North America in 2024.

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