Tesla Will Spend $9-12 Billion Building Gigafactories in 2021-2022

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.

Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla)

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