Comment by kjksf

$1.3B seems like a lot of money but it isn't for a car factory, especially spread over many years.

For context: Tesla is guiding for $10+B a year capex spending for the next 3 years.

Nevada factory took $6.2B and Tesla plans to spend additional $3.6B

Toyota is still under-investing in EV. $1.3B is nothing.

https://www.tesla.com/blog/continuing-our-investment-nevada