Tesla Inc is planning to spend more than $1 billion on its new vehicle factory in Austin, Texas, and plans to complete construction by the end of this year, public filings with a Texas state agency showed.
Read Moreis planning to spend more than $1 billion on its new vehicle factory in Austin, Texas, and plans to complete construction by the end of this year, public filings with a Texas state agency showed.
The five facilities would have a combined square footage of nearly 4.3 million , and cost a combined $1.06 billion, according to the filings.Electric vehicle news outlet electrek first reported on the filings on Monday.
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