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Tesla is hiring 3,000 new workers and investing $3.6 billion to expand its Nevada Gigafactory

Tesla Gigafactory in Nevada
Tesla announced billions of dollars of investment in its Nevada Gigafactory, which makes battery packs for Tesla's EVs.Tesla
  • Tesla is pouring additional resources into its Nevada battery factory as it looks to ramp up production.

  • The company's $3.6B investment will add 3,000 jobs and 4 million square feet to its manufacturing footprint.

  • Elon Musk has set a goal for Tesla to deliver 20 million cars annually by 2030.

Tesla is pouring more resources into its Nevada Gigafactory, according to a company announcement.

The EV maker said Tuesday it plans to invest $3.6 billion, add 3,000 additional jobs, and build two factories at Tesla's facility just outside Sparks, Nevada.

The new factories will build battery cells for light-duty vehicles and Tesla's Semi truck, which began making deliveries early last month after years of delay.

According to a tweet by the company, Tesla's additional investment will add 4 million square feet to the Nevada factory's manufacturing footprint.