Tesla plans to invest more than $700 million to expand its Texas plant

Tesla’s electric car factory in Austin, Texas, will reportedly begin to expand in the coming weeks. On January 9, local time, Tesla said in a document submitted to the Texas Department of Licensing and Regulation (TDLR) that it plans to invest $717 million to build four new buildings at the Austin factory as early as the end of this month, with a total construction area of 1.4 million square feet.

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