A Billion-Dollar Bid to Make an Industry-Defining Upgrade

Human beings surely tend to excel across many different areas, but our greatest ability is, by far, the one that allows us to improve on a consistent basis. This progressive tendency, on our part, has enabled us to hit upon some huge milestones, with technology emerging as quite a major member of the stated group. The reason why we hold technology in such a high regard is largely predicated upon its skill-set, which realized all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, if we care to look beyond the surface for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real-world environment. The latter component actually did a lot to give the creation a spectrum-wide presence, and as a result, start what was a full-fledged tech revolution. Of course, this revolution then went on to scale up the human experience from every conceivable direction, but even after achieving a feat so notable, technology will somehow continue to deliver the right goods. The same has grown to become a lot more evident over the recent past, and truth be told, Tesla’s latest move can only make that trend bigger and better moving forward.

Tesla has officially confirmed its decision to invest a sum worth $3.6 billion into the company’s existing Nevada Gigafactory. As per certain reports, the Elon Musk-owned automotive giant will dedicate a good chunk of the cash towards building a new 100 GWh 4680 battery cell factory, which will be well-equipped to produce enough batteries for 2 million light duty vehicles annually. Furthermore, in order to achieve such a lofty goal, the factory will also create jobs for more than a whopping 3,000 employees. The magnitude of these figures is instantly felt when you consider that the Gigafactory currently produces upwards of 37 GWh of batteries per year, a figure that is adequate for just 500,000 vehicles. Apart from it, Tesla is set to mobilize plans for building its first ever high-volume Semi truck plant. This is particularly an interesting development, as it comes just a month after the company successfully delivered its initial batch of Semi trucks to PepsiCo.

In case you haven’t been keeping up, Tesla’s manufacturing collaboration with Nevada started during the year 2014. Since then, it has shelled out a total of $6.2 billion to scale up operations in the area. The by-product of this investment would be a 5.4-million-square-foot facility that has, so far, produced 3.6 million drive units, 1.5 million battery packs, and 7.3 billion battery cells.

Although it’s unclear when the work on these new facilities will really begin, the project is penciled in to take up around 4 million square feet of space, with its location being east of Sparks at the Tahoe-Reno Industrial Center.

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