Tesla Inc., led by Elon Musk and Andrew Baglino, has leased a 210,000-square-foot manufacturing facility located at 48401 Fremont Boulevard in Fremont, California. The lease transaction was made with Prologis, the landlord of the property. The facility will be used by Tesla to support the production of its innovative 4680 battery cell technology, a crucial component for the upcoming Cybertruck vehicle. This facility, originally planned for Applied Materials, will now be utilized by Tesla.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: N/A
• Asking Rent: $19.80/ft.
• Square Footage: 210,000
• Address: 48401 Fremont Boulevard
• Market: Fremont

The lease agreement between Tesla and Prologis is a significant step for Tesla's manufacturing operations. With this new facility, Tesla will further enhance its production capabilities for the 4680 battery cell technology, which will play a vital role in the development of the Cybertruck. This lease transaction highlights Tesla's commitment to expanding its manufacturing infrastructure to meet the growing demand for its innovative vehicles.