49 Tesla has announced plans to spend more than $770 million on the expansion of its factory in Texas. The expansion will include an expansion of the factory’s production capacity, as well as the addition of new facilities for the research and development of new technologies. The move is part of Tesla’s ongoing efforts to increase its manufacturing capabilities and meet the growing demand for its electric vehicles. This expansion is also set to create new jobs in the area and it is expected to help drive economic growth in the region. Tesla’s factory expansion in Texas demonstrates the company’s confidence in the state’s business-friendly environment and talent pool. You Might Be Interested In Apple Rolls Out Update to Resolve iPhone 15 Pro Overheating Binance Faces Over $1 Billion Outflows and 25% Liquidity Drop Following CEO’s Plea Deal and Departure HSBC Innovates Gold Market with Digital Twin Tokenization AI Race Accelerates with Amazon’s Investment In Anthropic Twitter’s Valuation Woes Continue: Musk’s $44 Billion Purchase Faces 56% Cut in a Year Salesforce’s no-code config tool Sweep raises $28 million in funding round
