Tesla will spend $3.6 billion to build a Semi and a battery factory

Tesla has big expansion plans for its first Gigafactory near Reno, Nevada. The automaker has announced that it's investing $3.6 billion to build two new factories in the complex and hire 3,000 additional workers. That's bigger than the company's initial investment ($3.5 billion) when it made a commitment to build the facility back in 2014. One of the new Nevada factories will manufacture its 4680-type batteries, while the other will be Tesla's first factory to mass produce the Semi.