Tesla
recently had to cut prices to boost demand, but that hasn’t stopped it from expanding production capacity at its Gigafactory in Nevada. Investors should be satisfied, although they may want the money used to buy back shares.
On a Tuesday blog postThe company announced a $3.6 billion investment in facilities in Nevada.
Tesla
(code: TSLA) will build a battery factory capable of producing 100 gigawatt-hours of 4,680 batteries per year as well as a Tesla pickup truck factory.
