Elon Musk's Tesla Plans Texas Gigafactory Expansion — Aims For Workforce Of 60K
Portfolio Pulse from Anan Ashraf
Tesla Inc. (NASDAQ:TSLA) is planning to expand its workforce at the Texas Gigafactory to 60,000, up from over 20,000 currently, as it prepares for increased Cybertruck production. The company has also begun infrastructure development to support this expansion. Tesla's CEO, Elon Musk, expects to sell 250,000-500,000 Cybertrucks annually once production is fully ramped up.
September 23, 2023 | 1:18 pm
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Tesla's planned expansion of its Texas Gigafactory workforce and increased Cybertruck production could potentially boost the company's revenues and stock price.
The planned expansion of Tesla's workforce at its Texas Gigafactory indicates the company's commitment to ramping up Cybertruck production. This could lead to increased revenues from Cybertruck sales, which could positively impact Tesla's stock price.
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