January 26, 2023: Tesla, the EV automotive maker and vitality 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 likely be used to proceed the expansion of the Gigafactory Nevada, this implies including 3,000 new crew members and two new factories: a 100GWh 4680 cell manufacturing unit (with the capability to supply sufficient batteries for 1.5 million mild responsibility autos per yr),” mentioned an official assertion. “This additionally means the addition of our first high-volume Semi manufacturing unit. The Semi is our absolutely electrical mixture truck, with a 500-mile vary and vitality consumption of lower than 2kWh each mile.
Tesla’s announcement ended with an announcement of its mission up to now.
“Since 2014, we have now 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 vitality. The buildout alone supplied 17,000 native development jobs.
“Thus far, the Gigafactory Nevada crew 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 vitality modules (14 GWh+ complete).
as BESb went to press there have been principally optimistic however combined reactions to Tesla’s publication of its fourth quarter earnings report. Tesla mentioned it earned $3.7 billion in web revenue on $24.3 billion in income. That represents a 59% improve year-over-year in comparison with $2.8 billion in income. That is the third yr of revenue.
Nevertheless, some analysts observe that Tesla’s market share is challenged by elevated competitors from conventional motor manufacturing giants similar to Ford and Normal Motors, in addition to new market entrants similar to Rivian and Lucid within the US and BYD and Nio in China.
Analysts additionally mentioned Tesla’s worth cuts — as a lot as 20% on some autos — might damage.
