Tesla Inc TSLA shares are trading higher by 2.45% to $121.76, though off the session high of $125.95, after the company applied for an expansion of Gigafactory Texas.
Texas Department of Licensing and Registration filings disclosed plans to spend over $770 million on constructing electric vehicle facilities at the Texas factory. Tesla earmarked funds for activities including battery cell testing and manufacturing, cathode and drive unit manufacturing and a die shop, among other things.
According to data from Benzinga Pro, TSLA has a 52-week high of $384.29 and a 52-week low of $101.81.
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