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Large quantities of electric trucks

She said Tesla Inc The electric automaker said it plans to invest $3.6 billion to expand manufacturing capabilities in Nevada, while it is confident that software-related profit increases — reflected in record net income reported Wednesday for the fourth quarter of last year — will maintain profit margins higher than any. cars Company other.

The company confirmed that it plans to mass-produce pickup trucks and will manufacture enough cell batteries for two million lightweight vehicles annually in Nevada.

Nevada Governor Joe Lombardo posted a picture of himself on Twitter with the CEO of Tesla. Elon Muskon Tuesday evening, after the newly elected Republican governor announced in his first speech Monday evening that Tesla had committed to building an entirely new factory for electric trucks in the north of the state.

The project will expand an existing operation at the Truckee-Reno Industrial Center, which is located approximately 20 miles east of Reno-Sparks.

But the plan brings the company closer to achieving previously announced plans to produce 50,000 Tesla Semi trucks in North America in 2024.

The White House issued a statement announcing the plans on Tuesday, as Musk finished three hours of testimony defending himself in a class action lawsuit in San Francisco federal court over his operation of Twitter.

Musk’s hasty and sometimes sensational use of Twitter took center stage, as proceedings continued Wednesday in the lawsuit alleging he misled Tesla shareholders in 2018 with a tweet about an aborted purchase.

Mitch Landrieu, head of the infrastructure file in President Joe Biden’s administration, said on Tuesday that Tesla’s additional investment in Nevada is evidence of the continued “manufacturing boom” since Biden took office two years ago.

He added that this plan would create 3,000 jobs in Nevada while promoting clean energy and American security.

(Associated Press)

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