Tesla confirmed it intends to invest $3.6 billion to expand its manufacturing capabilities in Nevada for "high-volume" production of electric semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually.

Tesla has announced plans to spend as much as $3.6 billion in expansions at Gigafactory Nevada, as detailed by MarketWatch in recent weeks. The investments will go toward the company’s first “high-volume” Semi factory and an updated 4680 battery cell factory, adding as many as 3,000 jobs to the location, according to the automaker.

This photo provided by the Nevada Governor’s Office shows Nevada Gov. Joe Lombardo, left, with Elon Musk on Tuesday, Jan. 24, 2023 at the Tesla Gigafactory at the Truckee-Reno Industrial Center east of Sparks, Nev. Tesla has confirmed it intends to invest $3.6 billion to expand its manufacturing capabilities in Nevada for “high-volume” production of semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually.