Tesla details $1 billion costs for Gigafactory Texas, targets year-end completion

Austin: 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.

Filings submitted to the Texas Department of Licensing and Regulation (TDLR) on Friday outlined Tesla’s spending on various manufacturing capabilities at its Austin factory. The company said it plans to complete construction of its general assembly, paint, casting, stamping and body shop facilities by December 31.