November 23 - 10:11
Tesla to finish construction on Austin factory by the end of the year
Tesla will spend more than $1bn on its new factory in Austin, Texas, according to public filings. In filings submitted to the Texas Department of Licensing and Regulation, Tesla says it aims to finish building its new vehicle factory by the end of this year. The factory will have five facilities, including painting and assembly, and will cost $1.06bn. Construction began in the summer of 2020.
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