January 26, 2023: Tesla, the EV automotive maker and power storage producer, introduced this week that it’ll make a $3.6 billion new funding in its Nevada manufacturing plant.
“The $3.6 billion will probably be used to proceed the expansion of Gigafactory Nevada, this implies including 3,000 new workforce members and two new factories: a 100GWh 4680 cell manufacturing facility (with the capability to supply sufficient batteries for 1.5 million gentle responsibility autos per yr),” stated an official assertion. “This additionally means the addition of our first high-volume Semi manufacturing facility. The Semi is our absolutely electrical mixture truck, with a 500-mile vary and power consumption of lower than 2kWh each mile.
Tesla’s announcement ended with a press release of its mission thus far.
“Since 2014, we’ve invested $6.2 billion in Nevada and constructed a 5.4 million sq. foot Gigafactory — a cornerstone of our mission to speed up the world’s transition to sustainable power. The buildout alone supplied 17,000 native building jobs.
“Thus far, the Gigafactory Nevada workforce has efficiently produced: 7.3 billion battery cells (37 GWh+ per yr); 1.5 million battery packs; 3.6 million drive models; and, 1 million power modules (14 GWh+ complete).
as BESb went to press there have been largely optimistic however blended reactions to Tesla’s publication of its fourth quarter earnings report. Tesla stated it earned $3.7 billion in web earnings on $24.3 billion in income. That represents a 59% year-over-year enhance over $2.8 billion in income. That is the third yr of earnings.
Nevertheless, some analysts notice that Tesla’s market share is challenged by elevated competitors from conventional motor manufacturing giants corresponding to Ford and Basic Motors, in addition to new market entrants corresponding to Rivian and Lucid within the US and BYD and Nio in China.
Analysts additionally stated Tesla’s value cuts — as a lot as 20% on some autos — might damage.