“Tesla Set to Expand Austin Gigafactory With $717 Million Project”

Tesla is set to embark on a massive expansion of their Austin Gigafactory, located at 1 Tesla Rd., with the addition of 1.4 million square feet of space. The project, estimated to cost $717 million, is composed of four buildings, the largest of which will be a 693,093-square-foot facility known as Cell 1. This will be accompanied by a 423,032-square-foot Drive Unit, a 321,186-square-foot Cathode, and a 2,560-square-foot Cell Test Lab. Construction on all four buildings is set to begin this month. The Texas Real Estate Research Center has reported that this is just one of many industrial news stories for Austin-Round Rock and the rest of the state.