Tesla Will Spend $9-12 Billion Building Gigafactories in 2021-2022
Brian Wang| October 27, 2020|
Tesla reported in its 10Q filing that their capital expenditures will be in the high end of $2.5 to $3.5 billion in 2020 and will increase to $4.5 to $6.0 billion in each of the next two fiscal years.
Tesla will start building a new factory in for semi-truck and the Roadster. This would be Tesla’s fifth car factory and it will be in a TBD location in the United States.
Elon Musk has tweeted that Tesla could start a new factory in India in 2021.
SOURCES- Tesla Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla)
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
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