Tesla plans to spend more than $770 million on an expansion of the Texas plant

Giant cowboy boots are displayed outside the Tesla Giga Texas manufacturing facility during the “Cyber ​​Rodeo” grand opening event on April 7, 2022 in Austin, Texas.

Susan Cordero | AFP | Getty Images

Tesla It has registered with the state of Texas to expand its electric vehicle plant in Austin this year.

January filings with the Texas Department of Licensing and Registration reveal that Tesla plans to spend more than $770 million building facilities there, including battery cell testing and manufacturing, cathode and drive module manufacturing, and a mold shop, among other things.

The Austin Business Journal previously reported on Tesla’s plans and filings.

The Elon Musk-led automaker officially opened its battery-electric vehicle plant in Texas in April 2022, hosting an “electronic rodeo” party for shareholders and fans there. Today, Tesla builds some of its Model Y crossovers in Austin, and plans to build its sci-fi-inspired Cybertruck, a funky pickup truck there, too.

After the company initially opened its factory in Austin, and another vehicle assembly plant outside of Berlin in Germany, CEO Elon Musk called both facilities “big money furnaces,” in an interview with Tesla Owners Silicon Valley.

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