Tesla says the cost of its massive Gigafactory could exceed expectations
Thomson Reuters A prototype of the Tesla Model 3 is on display in front of the factory during a media tour of the Tesla Gigafactory which will produce batteries for the electric carmaker in Sparks
In an SEC filing Friday evening, the electric-car maker said it incurred $430.7 million of costs for the massive Nevada-based battery plant as of the end of June.
The Gigafactory may also take longer than anticipated to come online, the electric carmaker said in a filing on Friday.
Tesla, which is buying solar panel installer SolarCity Corp for $2.6 billion in shares, unveiled the massive battery factory, the Gigafactory, in Nevada last week.
(Reuters editing by Sriraj Kalluvila)
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