New filings show Tesla is planning an investment of roughly $717 million to add about 1.4 million square feet of space at its site near Lake City.
Tesla, which was originally acquired by the Bank of New York last fall, expects to make $250 million by the end of next year. The company has been planning to spend about $50 million on the electric vehicle. As the company has announced its plans for a potential acquisition in September, however, Tesla already has a significant stake in the company’s electric car business, potentially making Tesla an attractive potential investor for investors.
Tesla’s interest in electric cars will only likely come from a number of ways:
Tesla’s interest in electric vehicles will be directly tied to its growing electric vehicle business and Tesla needs to focus on battery production, which is how Tesla has traditionally managed the industry in a sustainable way.
Tesla’s interest in batteries has been linked to the growth of the nation’s electric vehicles industry, which has been fueled by Tesla and the likes of General Motors and Ford. Tesla’s interest in batteries has been linked to the growth of the electric car industry, which has been fueled by Tesla.