Tesla Is Investing $350 Million In Its Gigafactory, Hiring Hundreds of Workers



Just weeks after the massive Gigafactory started producing batteries, Tesla has announced plans to hire more workers and use the facility to make the motor and gearbox for its upcoming Model 3 electric sedan. CNBC reports: Tesla will invest $350 million for the project, and hire an additional 550 people, according to the governor’s comments. That will be over and above the company’s existing commitment to hiring 6,500 people at the Gigafactory, according to comments made by Steve Hill, the director of the governor’s Office of Economic Development, to Nevada newspaper the Nevada Appeal. Tesla CEO Elon Musk has made manufacturing efficiency a high priority for the company, but Tesla will require a lot of factory floor to meet its goal of to pumping out 500,000 cars by the end of 2018, and then making one million cars by 2020. Meanwhile, the city of Fremont recently approved Tesla’s application for an additional 4.6 million square feet of space there.

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