Tesla Confirms $3.6 Billion Investment in Giga Nevada Facility

• In his inaugural State of the State address on January 23, Nevada Governor Joe Lombardo brought up a new investment from Tesla to be announced this week.

• The next day, Tesla confirmed Lombardo's statement that the Tesla Semi is set to be produced at the new facility, along with a new 100.0-GWh 4680 battery.

• Lombardo also said the manufacturing plant will be built in northern Nevada and cost an estimated $3.5 billion.

Tesla is expected to build a new manufacturing facility in Nevada that will produce its electric semi-truck. While Tesla didn't officially announce the plans until Tuesday evening, Nevada Governor Joe Lombardo mentioned the deal Monday night, January 23, during his State of the State address.