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Tesla plans to spend $700M+ to expand Austin gigafactory

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Tesla plans to spend $700M+ to expand Austin gigafactory

The planned construction could bring Tesla’s footprint in Austin to an eye-popping 5.6 million square feet — and work could start in the coming weeks, according to new filings. It’s the second major employer, including Apple, in Austin this week to indicate that now is the time to build for the years to come, despite the uncertainty on the horizon in the coming year.