Tesla files for $776 million expansion of Texas gigafactory


FILE PHOTO: A view shows the Tesla logo on the hood of a car in Oslo, Norway November 10, 2022. REUTERS/Victoria Klesty

(Reuters) -Tesla Inc has applied to expand its gigafactory in Austin, Texas, with an investment totaling $775.7 million, according to filings on the Texas state department of licensing's website on Monday and Tuesday.

The electric vehicle maker plans to add five new facilities, including a cell test lab and a unit named "Cathode", the filings showed.

Tesla did not immediately respond to a Reuters request for comment.

The company is expected to host its investor day on March 1 at the Austin facility and will likely disclose plans for expansion and capital allocation.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Devika Syamnath)

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